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) | 65 Years (Nearer Birthday) | ||
Policy Term | 10 Years | 25 Years | ||
Premium Payment Term | Same as Policy Term | |||
Basic Sum Assured | 10 Times of Annualized Premium (Age up to 55 Years) | |||
Maturity Age | 18 Years (Completed) | 85 Years (Nearer Birthday) | ||
Premium Amount | Rs.40,000 | No Limit |