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.
Eligibility Criteria | ||||
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Min. | Max. | |||
Age | 18 Years (Completed) | 55 Years for Payment Term = 14 - 51 Years for Payment Term = 16 48 Years for Payment Term = 18 - 45 Years for payment term = 20 |
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Policy Term | 14, 16, 18, & 20 Years | |||
Premium Payment Term | Policy Term 4 Years | |||
Basic Sum Assured | Rs. 1 Corer | No Limit | ||
Maximum Maturity Age | 69 Years of Term = 14 - 67 Years of Term = 16 66 Years of Term = 18 - 65 Years of Term = 20 | |||
Rider | LIC’s NEW CRITICAL ILLNESS BENEFIT RIDER(CIR) | |||
Rider | LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER | |||
Rider | LlC's ACCIDENT BENEFIT RIDER | |||
Rider | LIC's NEW TERM ASSURANCE RIDER (TR) |