Last Updated: May 06, 2015 | 2,123 Views
Life Insurance Corporation of India (LIC) offers a term rider which can be added to savings plans and the policyholder can enjoy the combined benefits of protection and savings.

LIC’s New Term Assurance Rider offers a benefit amount on death of the policyholder and can be attached with a basic plan at a very nominal cost. 

Death Benefit:
The family gets an amount equal to the Term Assurance Rider Sum Assured in case of death of life assured.

Survival Benefit:
Nothing is payable if the life insured survives till the end of the policy term.

  Minimum Maximum
Rider Sum Assured (Rs.) 100,000 25,00,000
Age at Entry 18 60
Age at Maturity - 75
Term of Rider 5 35
Mode of Premium Payment Same as basic policy to which rider is attached


Manoj Aswani
Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.