Thanks for the nice & clear information. From your article, I am taking LIC’s e-Term policy. But I need some clarification for the following points:
1) I am working in Multinational Software Company. In the Employment Section of Basic Information tab, what should I choose as Occupation? There is no option provided like Private sector or Software Industry. If I specify “Other” in list, will it be fine?
2) From the Insurance History section, what is meaning of “Is your life now being proposed for another assurance or an application for revival of a policy on your life or any other proposal under consideration in any office of Life Insurance Corporation of India or to any other insurer?” I already specify my Existing LIC policy in Previous Insurance Details section. Please provide more information on this option.