Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 492626.60 crore and total assets worth Rs. 2572028.34 Cr It’s fully owned by the Government of India & is also the county’s largest investor.
Single Premium |
Option A |
10 times of Tabular Premium for the chosen Basic Sum Assured |
Option B |
1.25 times of Tabular Premium for the chosen Basic SA |
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Limited Premium |
Option 1 |
Higher of · 10 times of (Tabular Premium for the chosen Basic SA” plus modal loading, if any); or · Guaranteed Sum Assured on Maturity i.e Basic SA |
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Option 2 |
Higher of · 7 times of (“Tabular Premium for the chosen Basic SA” plus modal loading, if any); or · Guaranteed Sum Assured on Maturity i.e Basic SA |
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Single Premium |
Limited Premium |
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Minimum Age @Entry |
90 Days |
90 Days |
90 Days |
40 NBD |
Maximum Age @Entry |
44 NBD |
70 NBD |
60 NBD |
65 NBD |
Minimum Age @Maturity |
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18 Years Completed |
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Maximum Age @Maturity |
65 NBD |
80 NBD |
75 NBD |
80 NBD |
Policy Term Up to Age 40 years |
10 to 25 years |
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From Age 41 to 44 years |
10 to 16 yrs |
10 to 25 yrs |
10 to 25 yrs |
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Premium Paying Term |
Single |
5 years |
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Basic Sum Assured |
1,00,000 |
1,00,000 |
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Riders |
AD & DB Rider |
Term Assurance Rider |
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