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 | 20 Years | 65 Years | |
Policy Term | 10 Years | 30 Years | |
Cover Ceasing Age | 50 Years | 75 Years | |
Premium | Rs.2400 p.a | No Limit | |
Basic Sum Insured | Rs.10,00,000 | Rs.50,00,000 |