LIC's Yuva Credit Life
₹0.00
LIC’s Yuva Credit Life Plan (877) is a non-participating, non-linked, individual pure risk term insurance policy designed to provide financial protection to the policyholder's family in case of their unfortunate demise during the policy term. This plan is particularly beneficial for individuals who have taken loans and want to ensure that their family is not burdened with the repayment in their absence.
Key Features
-
Decreasing Term Assurance: The death benefit decreases over the policy term, aligning with the decreasing loan balance.licbangalore.in+8timesbull.com+8economictimes.indiatimes.com+8
-
Premium Payment Options:
-
Single Premium: Payable once at the inception of the policy.
-
Limited Premium: Payable over 5, 10, or 15 years.liccalculator.in+2scribd.com+2economictimes.indiatimes.com+2liccalculator.in+2liccalculator.in+2licbangalore.in+2
-
-
Policy Term:
-
Single Premium: 5 to 30 years.
-
Limited Premium:
-
5-Year Premium: 10 to 30 years.
-
10-Year Premium: 15 to 30 years.
-
15-Year Premium: 25 to 30 years.
-
-
-
Sum Assured:
-
Minimum: ₹50,00,000.
-
Maximum: ₹5,00,00,000 (higher amounts may be considered on a case-by-case basis).probusinsurance.com+2liccalculator.in+2insurancedekho.com+2scribd.com+7insurancedekho.com+7probusinsurance.com+7timesbull.com+2scribd.com+2liccalculator.in+2
-
-
Special Benefits:
-
Special premium rates for women.
-
High Sum Assured Rebates: Discounts on premiums for higher sum assured amounts.
-
Non-Smoker Rates: Based on the Urinary Cotinine test.
-
Customizable Loan Interest Rates: Choose from 6% to 12% at the inception of the policy.
-