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) | 55 Years (Nearest Birthday) | ||
Policy Term | 12 Years | 35 Years | ||
Premium Payment Term | Same as Policy Term | |||
Basic Sum Assured | Rs. 1 Lac | No Limit | ||
Maximum Maturity Age | 75 Years (Near 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) |