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:
| 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 |
