Who it suits
Borrowers who want a loan covered if they die.
LIC plans / Term Assurance Plans
Non-par · Non-linked · Online credit life
Online credit-protection plan, with single or limited premium and special rates for women.
The main features in plain words. The official brochure is the final word on every figure.
Borrowers who want a loan covered if they die.
Cover is linked to a loan; benefits as per the brochure.
None.
None.
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 878 |
| UIN | 512N358V01 |
| Category | Term Assurance Plans |
| Plan type | Non-par · Non-linked · Online credit life |
| Premium paying term | Single or limited |
| Sum assured | See the official brochure for the exact benefit formula. |
Know the conditions, not just the headline.
30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.
30 days from receiving the policy document to return it if you do not agree with the terms.
A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.
If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).
After three years a policy cannot be questioned except for proven fraud.
Borrowers who want a loan covered if they die.
Premium paying term: Single or limited.
See the official brochure for the exact benefit formula.
None.
None.
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.
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.