Who it suits
Digitally comfortable buyers.
LIC plans / Term Assurance Plans
Term Assurance Plans
New Plan no. 876 UIN 512N356V02
LIC’s Digi Term
Non-par · Non-linked · Online pure term
Online term plan with a choice of level or increasing sum assured and a high-sum-assured rebate.
See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Level or increasing cover
- High sum assured rebate
How it works
Pure protection bought online; the sum assured is paid to the nominee on death during the term.
Death benefit
Sum assured as chosen.
Maturity benefit
None.
Survival / income benefit
None.
Options and riders
Level or increasing sum assured
Step by step
How the plan runs
1
Start the planSum assured: See the official brochure for the exact benefit formula..2
Income during the termNone.3
Receive the benefitNone.At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 876 |
| UIN | 512N356V02 |
| Category | Term Assurance Plans |
| Plan type | Non-par · Non-linked · Online pure term |
| Sum assured | See the official brochure for the exact benefit formula. |
Important details
Policy conditions that apply to most LIC plans
Know the conditions, not just the headline.
Grace period
30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.
Free look
30 days from receiving the policy document to return it if you do not agree with the terms.
Revival
A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.
Suicide within 12 months
If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).
Section 45
After three years a policy cannot be questioned except for proven fraud.
Quick answers
Questions families ask
Who is this plan for?
Digitally comfortable buyers.
What sum assured can I choose?
See the official brochure for the exact benefit formula.
What happens if the life assured dies during the term?
Sum assured as chosen.
What do I receive at maturity?
None.
Does the plan pay anything during the term?
None.
Are there options or riders?
Level or increasing sum assured
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.