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LIC NEW TERM ASSURANCE RIDER
LIC NEW TERM ASSURANCE RIDER
May 06, 2015 | 2001 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.

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

 

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.

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