LIC Term Plans – LIC Term Insurance Plans The most vital of life insurance products provide you with adequate life cover at nominal cost. There are 4 types of LIC term plans that provide complete financial protection. LIC’s e-Term – it is a non-participating online term assurance plan with single premium option. Aggregate lives and non-smoker lives are the two categories deciding the premium rate. Sum assured is payable as a part of death benefit. LIC Amulya Jeevan-"LIC Terms Plans – LIC Term Insurance Plans"