LIC e-Term Plan 825 Calculator
Launch Date: 19th February 2014
Status: Withdrawn (Not available for new purchases)
Minimum Sum Assured: ₹25 Lakhs (Aggregate) / ₹50 Lakhs (Non-Smoker)
Payment Mode: Annual Only
LIC e-Term Plan 825
LIC e-Term Plan 825 was one of the most popular online term insurance policies introduced by the Life Insurance Corporation of India (LIC). The plan was specially designed to provide high life coverage at affordable premium rates and was available exclusively through LIC’s online platform.
LIC launched this digital term insurance plan on 19 February 2014 to serve customers looking for a simple and convenient online insurance buying experience. Later, the policy was discontinued after LIC introduced newer online term insurance products such as Jeevan Amar Plan 855 and Tech Term Plan 854.
What is LIC e-Term Plan 825?
LIC e-Term Plan 825 was an online pure term insurance policy created to provide financial protection to the policyholder’s family in case of death during the policy term. The policy did not provide any maturity or survival benefit if the insured survived the term.
It was LIC’s first online-only term insurance product and was sold directly without agents or intermediaries. Because of this direct online model, the premiums were generally lower compared to traditional offline term plans.
Important Dates – Launch and Withdrawal
| Event | Details |
|---|---|
| Launch Date | 19 February 2014 |
| Plan Number | 825 |
| UIN | 512N288V01 |
| Sales Mode | Online Only |
| Withdrawal Status | Withdrawn around 2019–2020 |
The withdrawn status of the policy can also be verified from LIC’s official withdrawn plans section.
Key Features of LIC e-Term Plan 825
- Pure term insurance plan offering only death benefit protection
- Available exclusively through online purchase mode
- Minimum Sum Assured:
- ₹25,00,000 for the general category
- ₹50,00,000 for non-smokers
- No fixed upper limit on Sum Assured, subject to LIC underwriting guidelines
- Policy term available from 10 years to 35 years
- Entry age between 18 years and 60 years
- Premium payment allowed only in yearly mode
- Grace period of 30 days for delayed premium payment
- Tax benefits available under Sections 80C and 10(10D) of the Income Tax Act
LIC e-Term Plan 825 Calculator
The LIC e-Term Plan 825 Calculator was an online premium estimation tool designed to help users calculate approximate premium amounts based on details such as:
- Age
- Gender
- Smoking status
- Sum Assured
- Policy term
The calculator helped customers understand premium costs before purchasing the policy online.
Similar LIC term insurance calculators are still available on:
- LIC’s official website
- LIC-related insurance calculator portals
How LIC e-Term Plan 825 Calculator Works
The LIC e-Term Plan 825 calculator estimates the premium amount using several important factors:
- Age of the Applicant: Younger individuals generally pay lower premiums.
- Sum Assured: Higher coverage amounts result in higher premium payments.
- Policy Term: Longer policy durations may slightly increase the premium.
- Lifestyle Habits: Smokers are charged higher premiums compared to non-smokers.
- Gender: Female applicants usually receive slightly lower premium rates.
Example Premium Calculation
| Details | Example Value |
|---|---|
| Age | 35 Years |
| Sum Assured | ₹50 Lakhs |
| Policy Term | 20 Years |
| Premium Payment Term | 20 Years |
| Smoking Status | Non-Smoker |
| Approximate Annual Premium | Around ₹10,561 (including GST) |
This example highlights how online term insurance plans generally offered lower premiums compared to traditional offline insurance policies.
Benefits of LIC e-Term Plan 825
Death Benefit
If the policyholder dies during the policy term, LIC pays the full Sum Assured as a lump sum amount to the nominee.
Formula:
Death Benefit = Basic Sum Assured selected at policy inception
This financial support helps the family manage household expenses and maintain financial stability after the policyholder’s death.
No Maturity Benefit
LIC e-Term Plan 825 was a pure protection term insurance policy and therefore did not provide any maturity or survival benefit if the insured survived the policy term.
Affordable Premium Rates
Since the plan was sold directly online without involving agents or intermediaries, the premium rates were comparatively lower, making it suitable for individuals seeking high life cover at affordable cost.
Tax Benefits
- Premiums paid qualified for deduction under Section 80C of the Income Tax Act, subject to applicable limits.
- Death claim proceeds received by the nominee were exempt under Section 10(10D), according to prevailing tax laws.
Easy Online Purchase
The policy was available exclusively through LIC’s online portal, allowing customers to purchase the term insurance plan digitally without physical paperwork or in-person meetings.
Eligibility Criteria of LIC e-Term Plan 825
| Particulars | Minimum | Maximum |
|---|---|---|
| Entry Age | 18 Years | 60 Years |
| Maturity Age | — | 75 Years |
| Policy Term | 10 Years | 35 Years |
| Sum Assured (Aggregate Category) | ₹25 Lakhs | No Limit |
| Sum Assured (Non-Smoker Category) | ₹50 Lakhs | No Limit |
| Premium Payment Term | Equal to Policy Term | — |
| Premium Payment Mode | Annual Only | — |
How to Use LIC e-Term Plan 825 Calculator
Using the LIC e-Term Plan calculator helps users estimate premiums easily and plan insurance coverage more effectively.
Step-by-Step Process
- Visit a trusted LIC-related website or official LIC portal.
- Select the “LIC e-Term Plan 825 Calculator.”
- Enter the required details, such as:
- Age
- Gender
- Desired Sum Assured
- Policy Term (10 to 35 years)
- Smoking Category (Smoker or Non-Smoker)
- Click on the “Calculate Premium” option.
- The calculator will display the estimated yearly premium amount.
- You can also compare the results with other LIC term insurance plans to choose a suitable option.
Example Premium Estimates (Illustrative)
| Category | Age | Sum Assured | Approximate Annual Premium |
|---|---|---|---|
| Aggregate Category | 30 Years | ₹25 Lakhs | ₹9,794 |
| Non-Smoker Category | 30 Years | ₹25 Lakhs | ₹7,139 |
| Aggregate Category | 40 Years | ₹25 Lakhs | ₹21,004 |
| Non-Smoker Category | 40 Years | ₹25 Lakhs | ₹15,871 |
These examples show that non-smokers generally received lower premium rates for the same insurance coverage.
Advantages of LIC e-Term Plan 825
- High life coverage available at affordable premium rates
- Simple and convenient online purchase process
- Backed by LIC’s trusted reputation and strong claim settlement record
- No intermediary involvement, helping reduce policy costs
- Tax benefits available under applicable Income Tax rules
- Reliable policy servicing under IRDAI-regulated insurance structure
Disadvantages of LIC e-Term Plan 825
- Only yearly premium payment mode was available; monthly, quarterly, or half-yearly options were not provided.
- No additional rider benefits such as accidental death cover or critical illness protection were included.
- The policy did not provide any maturity or survival benefit.
- The plan has been withdrawn and is no longer available for new purchases.
Comparison with Other LIC Term Insurance Plans
| Feature | LIC e-Term Plan 825 | LIC Tech Term 854 | LIC Jeevan Amar 855 |
|---|---|---|---|
| Launch Year | 2014 | 2019 | 2019 |
| Purchase Mode | Online Only | Online Only | Offline Only |
| Minimum Sum Assured | ₹25 Lakhs | ₹50 Lakhs | ₹25 Lakhs |
| Rider Options | Not Available | Optional Riders Available | Optional Riders Available |
| Premium Payment Modes | Annual Only | Annual and Single Premium | Multiple Modes Available |
| Current Status | Withdrawn | Active | Active |
Claim Settlement Process
The LIC e-Term Plan 825 claim process was designed to be simple and mostly online.
Steps Involved
- The nominee submits the claim through LIC’s official portal.
- Required documents such as:
- Death certificate
- Original policy document
- Nominee identity and bank details
are submitted for verification.
- LIC verifies the claim details and processes the payment.
- After successful verification, the death claim amount is transferred to the nominee’s bank account.
LIC’s strong claim settlement ratio above 98% helped build confidence among policyholders.
Why LIC Discontinued e-Term Plan 825
LIC withdrew the e-Term Plan after launching more advanced term insurance products such as LIC Tech Term 854 and LIC Jeevan Amar 855.
The newer plans offered:
- More flexible policy options
- Additional rider benefits
- Better premium structures
- Enhanced customization for smokers and non-smokers
Even after its withdrawal, LIC e-Term Plan 825 continues to be remembered for its straightforward structure and affordable online premiums.
How LIC e-Term Plan 825 Supported Families
The plan helped many Indian families by providing financial protection during unexpected situations through lump-sum death claim payouts.
The policy benefits were commonly used for:
- Repayment of home or personal loans
- Funding children’s education expenses
- Maintaining family lifestyle and daily expenses
Because of its affordability and simplicity, the plan became especially popular among salaried employees and young working professionals.
Renewal and Revival of LIC e-Term Plan 825
Existing LIC e-Term Plan 825 policyholders could continue renewing their policies by paying the yearly premium online before the due date.
If the policy lapsed because of non-payment of premium, LIC allowed revival within 2 years from the lapse date, subject to underwriting requirements and medical conditions.
Tax Benefits
- Premiums paid under the plan qualified for tax deductions under Section 80C of the Income Tax Act.
- Death claim proceeds received by the nominee were exempt under Section 10(10D).
- GST at 18% was applicable on the premium amount.
LIC e-Term Plan Calculator Integration for Developers
For website developers, integrating an LIC e-Term Plan calculator can improve user interaction and engagement. A simple calculator can be created using HTML, CSS, and JavaScript.
The calculator can:
- Accept inputs such as age, Sum Assured, policy term, and smoking category
- Dynamically display estimated annual premium values
- Optionally include charts such as a Google Pie Chart to visualize premium versus benefit ratio
Such premium calculators work similarly to those available on LIC-related insurance websites and calculator portals.
Frequently Asked Questions (FAQs)
What is LIC e-Term Plan 825?
LIC e-Term Plan 825 was an online-only pure term insurance plan launched by LIC to provide financial protection to the nominee in case of the policyholder’s death during the policy term. The policy did not offer maturity benefits.
When was LIC e-Term Plan 825 launched and discontinued?
The plan was introduced on 19 February 2014 and was later withdrawn around 2019–2020 after LIC launched newer term insurance products like Tech Term 854 and Jeevan Amar 855.
What was the minimum Sum Assured available under the plan?
- Aggregate Category: Minimum ₹25 Lakhs
- Non-Smoker Category: Minimum ₹50 Lakhs
There was no fixed upper limit on the Sum Assured, subject to LIC underwriting conditions.
Who was eligible to purchase LIC e-Term Plan 825?
Indian citizens between 18 and 60 years of age could purchase the policy through LIC’s online platform.
Did LIC e-Term Plan 825 provide any maturity benefit?
No, the plan was a pure protection term insurance policy and did not offer any maturity or survival benefit if the insured survived the policy term.
Final Thoughts
LIC e-Term Plan 825 became an important milestone in LIC’s digital insurance journey as its first fully online term insurance product. The plan offered affordable premiums, transparent features, and a simple online buying experience without intermediaries.
Although the plan has now been withdrawn, it remains a significant example of LIC’s transition toward digital insurance solutions. Its legacy continues through LIC’s newer online term insurance plans such as Tech Term 854 and other modern protection products.
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