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 | 15 Years(Completed) | 50 Years (Near Birthday) | ||
Policy Term | 9,12 & 15 years | |||
Premium Payment Term | Same as Policy Term | |||
Basic Sum Assured | Rs. 35,000 for Term=9 Years Rs,50,000 for Term=12 Years Rs.70,000 for Term=15 Years |
No Limit | ||
Maximum Maturity Age | 59 Years for Term = 9 Years 62 Years for Term = 12 Years 65 Years for Term = 15 Years |
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Rider | LIC's NEW TERM ASSURANCE RIDER (TR) | |||
Rider | LIC's ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER |