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 | |||
---|---|---|---|
Min. | Max. | ||
Age | 90 Days (Completed) | 50 Years (Last Birthday) | |
Policy Term | 10 Years | 20 Years | |
Premium Payment Term | Same as Policy Term | ||
Basic Sum Assured | 10 times of Annualized Premium | ||
Maximum Maturity Age | 18 Years (Completed) | 60 Years (Nearer Birthday) | |
Premium Amount | Rs.20,000 for Yearly Mode | No Limit | |
Rider | LIC's New Linked Accidential Benefit Rider |