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.
Eligibility:
| 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 | |