x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Vishwa Yog Sansthaan organises plantation drive at Har Ki Pauri | Sadhotra calls for collective effort to support rain-flood-hit families | SKK's initiative for rnvironmental stewardship among Divyang | DPS Jammu bids farewell to three stalwart teachers | Reasi police cracks scooty theft case - two arrested, stolen vehicle recovered | AJKTWA urges expedited implementation of E-Bus routes, CEO Smart City promises swift action | On the eve of PM's birthday, Sat Sharma releases poem titled "Modi Era" written by Balbir | Absconder arrested after 33 years | Textile and apparel parks to be set up in UP in the name of Sant Kabir: CM Yogi | Commissioner JMC visits flood-hit areas of ward no. 56, Gangyal-Babliana | LG Kavinder Gupta participates in India Youth Parliament at Jaipur | MLA Ch Vikram Randhawa Visits Belicharana & Bank of Nikki Tawi to Assess Damage | Director Health Services, Jammu Visits Sub District Hospital Jagti | Unique International Public School organises Bocce Ball Sports event | Rana reviews measures to address water woes in Habbakadal constituency | Repeat drug offender can't escape preventive detention:DB | Distance-Mode Engineering Degree Can't Add Weightage: DB | Humanity Public School organises English and Hindi calligraphy competition | Resonance 2025: A fusion of memories and milestones at DAV College, Amritsar | Shiv Public Hr Sec School & Shiv Kidz Planet Host Painting Competition | KC College of Education observed World Ozone Day | SMVDU cadets selected for prestigious All India Vayu Sainik Camp (AIVSC) | GDC Ramnagar organises Poster Making Competition on World Ozone Day | GDC RS Pura organizes sympsium on local youth actions for the sustainable development goals and beyond | GDC Ramgarh Initiates Tribute to Mahatma Gandhi | Infighting emerges in AAP amid stir against PSA on Mehraj Malik | BJP eyes comeback in Leh, starts preparations for prestigious LAHDC Leh polls | Terrorism supporter Shahid Afridi hails Rahul Gandhi as a “voice of peace” | Robust mobile, internet services essential for effective governance: CM Omar | Gadkari, CM review Srinagar-Jammu Highway traffic restoration | Over 3,000 forced to leave homes in Jammu | Proclaimed offender in terror case brought back To Jammu from Bengaluru | Conviction in terror and narcotics cases must improve: IGP Kashmir directs officers | Threat of Dengue, Malaria looms; fogging intensified | Mata Vaishno Devi pilgrimage to resume today | Terrorist hideout busted | Modi’s words that moved a nation | Information Overloaded Minds | Amit Shah’s Clarion Call | Back Issues  
 
news details
LIC of India introduces new Plans
8/6/2024 11:47:23 PM
Agencies
NEW DELHI, Aug 6: Siddhartha Mohanty, CEO & MD, Life Insurance Corporation of India launched new plans, LIC's Yuva Term (UIN: 512N355V01) / Digi Term (UIN: 512N356V01) and LIC's Yuva Credit Life (UIN: 512N357V01) / Digi Credit Life (UIN: 512N358V01) with effect from 05.08.2024.
LIC of India is launching new Plans for providing Term insurance and safety net against loan repayments, both available offline and online.
LIC's Yuva Term is available offline through our intermediaries and LIC's Digi Term is available online only through our website. The purpose of these products being to cater to youngsters who wish to take Term insurance in initial stages of life and give them a wider choice to buy offline or online.
We have also launched a product to cover your loan liabilities through term insurance - LIC's Yuva Credit Life in offline mode through our intermediaries and LIC's Digi Credit Life, which is only available online. As today people are utilizing loan facilities available for various needs, LIC has launched Term insurance plan to cover loan liabilities like housing/education/vehicle etc for providing a safety net against loan repayments to the insured's family.
LIC's Yuva Term / Digi Term is a Non-Par, Non-Linked, Life, Individual, Pure Risk Plan, which provides financial protection to the insured's family in case of his/her unfortunate death during the policy term. This is a non-par product under which benefits payable on death are guaranteed.
Minimum Age at Entry is 18 year (Last Birthday). Maximum Age at Entry is 45 years (Last Birthday)
Minimum Age at maturity is 33 years (Last Birthday) and Maximum Age at maturity is 75 years (last Birthday)
Minimum Basic Sum Assured is Rs. 50,00,000/- and Maximum Basic Sum Assured is Rs. 5,00,00,000/- (The Basic sum Assured above RS 5,00,00,000 (Five Crore) may be considered on case to case basis in accordance with underwriting decision as per the Board Approved Underwriting Policy)
Benefit of attractive High Sum Assured Rebate.
Special lower premium rates for women
Amount payable on death of Life Assured under Regular premium and Limited premium payment is 7 times of Annualised Premium or 105% of Total Premiums paid upto the date of death or Absolute amount assured to be paid on death. Under Single premium payment, death benefit is 125% of Single Premium or Absolute amount assured to be paid on death.
LIC's Yuva Credit Life/ Digi Credit Life is a Non-Par, Non Linked, Life, Individual, Pure Risk Plan. It is a pure decreasing Term Assurance plan wherein the death benefit will reduce over the term of the policy.
Minimum Age at Entry is 18 year (Last Birthday). Maximum Age at Entry is 45 years (Last Birthday)
Minimum Age at maturity is 23 years (Last Birthday) and Maximum Age at maturity is 75 years (last Birthday)
Minimum Basic Sum Assured is Rs. 50,00,000/- and Maximum Basic Sum Assured is Rs. 5,00,00,000/-
Benefit of attractive High Sum Assured Rebate.
Special lower premium rates for women
Choice of loan interest rate as appropriate to the policyholder at the inception of the policy
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU