LIC Yuva Credit Life

Cover that reduces with your outstanding loan — shields your family from debt.

About this plan

LIC’s Yuva Credit Life plan is a Non-Par, Non-Linked, Life, Individual, Pure Risk plan. This plan provides a safety net against any loan repayment to the insured’s family in case of his/her unfortunate death during policy term. This is a Non-par product where policies are not entitled for any share in surplus (profits) during the term of the policy. This Plan can be purchased Offline through Licensed agents, Corporate agents, Brokers and Insurance Marketing Firms. LIC’s Yuva Credit Life is a pure decreasing Term Assurance plan wherein the

Key features

✓Flexibility to o Choose from Single Premium and Limited Premium Payment o Choose the Policy Term/Premium Paying Term
✓Special rates for women.
✓Benefit of attractive High Sum Assured Rebate.
✓Choice of loan interest rate as appropriate to the policyholder at the in- ception of the policy. 2.

Plan chart — eligibility

Minimum Age at entry

[18] years (Last Birthday)

Maximum Age at entry

[45] years (Last Birthday)

Minimum Age at Maturity

[23] years (Last Birthday)

Maximum age at Maturity

[75] years (Last Birthday) 2 -- 2 of 12 -- 3

Minimum Basic Sum Assured

` 50,00,000/-. (However, for eligible lives in the age group with Age at Entry from 21 years (Last Birthday) to 45 years (Last Birthday), Minimum Basic Sum Assured shall be `…

Maximum Basic Sum Assured

` 5,00,00,000 Basic Sum Assured above ` 5,00,00,000 may be considered on case to case basis in accordance with the underwriting decision as per the Board Approved Underwriting…

Policy Term & Premium Payment Terms

Policy Term Premium Payment Term 5 Years to 30 Years Single 10 Years to 30 Years 5 Years 15 Years to 30 Yea

Figures are indicative and summarised from the official LIC brochure. Please refer to the PDF or contact us for exact, up-to-date terms.

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