MyInsuranceClub
menu

LIC NEW TERM ASSURANCE RIDER

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.

eye icon
2335 views/
clock icon
1 min 35 secs
calendar icon
Last Updated - September 12, 2023
article image
Listen to this article
audio icon

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.

Death Benefit:

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

Survival Benefit:

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

Eligibility:

MinimumMaximum
Rider Sum Assured (Rs.)100,00025,00,000
Age at Entry1860
Age at Maturity75
Term of Rider535
Mode of Premium Payment
author image
Author

Jay Vasa is a content writer, who has got his core emphasis on insurance related information. The sole motive of writing articles is to spread appropriate information to the people regarding one of the important and discussed topic in today's time.