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.
The family gets an amount equal to the Term Assurance Rider Sum Assured in case of death of life assured.
Nothing is payable if the life insured survives till the end of the policy term.
|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|