LIC's Digi Term
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LIC Digi Term (Plan No. 876) is a non-participating, non-linked, individual pure risk premium life insurance policy launched by the Life Insurance Corporation of India (LIC) on August 6, 2024. This plan is designed to provide financial protection to your family in case of your untimely demise during the policy term.
Key Features
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Policy Type: Non-Par, Non-Linked, Individual, Pure Risk Plan.probusinsurance.com+3basunivesh.com+3economictimes.indiatimes.com+3
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Plan Type: Decreasing Term Assurance Plan.bestinvestindia.com+5licplansonline.in+5economictimes.indiatimes.com+5
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Risk Cover Schedule: The death benefit decreases over time, aligning with the outstanding loan balance. The schedule is based on an equated yearly repayment method, irrespective of the actual loan repayment schedule.licplansonline.in+1basunivesh.com+1
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Interest Rate Options: Choose from 6%, 7%, 8%, 9%, 10%, 11%, or 12% per annum to match the loan's interest rate.licplansonline.in+1basunivesh.com+1
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Premium Payment Options:
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Single Premium: Pay the entire premium upfront.
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Limited Premium Payment: Choose from 5, 10, or 15-year premium payment terms.
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Premium Payment Modes: Yearly or Half-Yearly for Limited Premium policies; Single Premium.
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Special Benefits:
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Special rates for women.
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Attractive High Sum Assured Rebate.
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Non-Smoker and Smoker premium categories.licpremium.net+10probusinsurance.com+10licplansonline.in+10reddit.com+3licplansonline.in+3economictimes.indiatimes.com+3
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