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 | 90 Days (Completed) | Option 1 - 70 Years (Nearer Birthday)
Option 2 - 35 Years (Nearer Birthday) |
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Policy Term | 10 Years | Option 1 - 10 to 25 Years | ||
Premium Payment Term | Single Payment | |||
Basic Sum Assured | Option 1 - 1.25 Times of Single Premium Option 2 - 10 Times of Single Premium |
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Maturity Age | 18 Years (Completed) | Option 1 - 85 Years (Nearer Birthday) Option 2 - 50 Years (Nearer Birthday) |
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Premium Amount | Rs.1 Lacs | No Limit |