LIC e-term is a non-participating online term plan that provides financial security to the insured individual's loved ones in the event of his/her death. This is a pure term plan where the sum assured will be paid only in case of the demise of the insured individual during the policy period. Under the e-term plan, there are two classes of premium rates - aggregate lives and non-smoker lives. Non-smokers can benefit from lower premium rates as compared to individuals who smoke.

Under the aggregate category, the premium rate for a 25-year plan with a sum assured of Rs 50 lakhs for an individual in their 30s amounts to around Rs 9,850. The premium rate under the non-smoker lives category for the same term and coverage for an individual in their 30s totals to about Rs 7,300. The premium amount needs to be paid on an annual basis.