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 | 8 Years (Completed) | 59 Years for Policy Term = 16 54 Years for Policy Term = 21 50 Years for Policy Term = 25 |
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Policy Term | 16 Years | 21 Years | 25 Years |
Premium Payment Term | 10 Years | 15 Years | 16 Years |
Basic Sum Assured | Rs.2 Lacs | No Limit | |
Maximum Maturity Age | 75 Years (Nearer Birthday) | ||
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 PREMIUM WAIVER BENEFIT RIDER (PWB) - If life assured is Minor | ||
Rider | LIC's NEW TERM ASSURANCE RIDER (TR) |