LIC of India launches 4 new plans

LIC’s Yuva Term / Digi Term is a non-par, non-linked, life, individual, pure risk plan providing financial protection to a subscriber’s family in case of his/her unfortunate death during the policy term.

Eligibility: Minimum entry age of 18 years and maximum entry age of 45 years. Maturity age ranges from 33 to 75 years

Key features of LIC’s Yuva Credit Life / Digi Credit Life

LIC’s Yuva Credit Life/ Digi Credit Life is a non-par, non linked, Life, individual, pure risk plan. It is a pure decreasing term assurance plan wherein the death benefit will reduce over the term of the policy.

Eligibility: Minimum entry age of 18 years and maximum entry age of 45 years. Maturity age ranges from 23 to 75 years.
Sum assured: Minimum of Rs 50 lakh and a maximum of Rs 5 crore
Premium: Attractive rebates for high sums assured and lower premium rates for women.
Loan interest rate choice: Policyholders can select the loan interest rate at policy inception.
Death benefit: The sum assured on death will be payable provided the policy is in force and the claim is admissible.