Life Insurance Corporation of India (LIC) offers a term rider that 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 the death of the policyholder and can be attached to 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 the 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|