Mode |
Rebate |
Quarterly |
NIL |
Half - Yearly |
1.5% of tabular premium |
Yearly |
3% of tabular premium |
Sum Assured |
Rebate |
Up To Rs. 50,000 |
Nil |
Rs. 50,001 To Rs. 1,00,000 |
Re. 1 Per Thousand |
Rs. 1,00,001 And Above |
Rs. 2 Per Thousand |
|
Minimum |
Maximum |
Entry Age |
18 years |
50 years |
Policy Term |
15 years |
30 years |
Sum Assured |
Rs. 50,000 |
Subject to underwriting |
Cover Ceasing Age |
70 years |
|
Payment modes |
Yearly, Half-yearly, Quarterly, Monthly and SSS |
|
Grace Period |
15 days for Monthly mode of payment 30 days for Quarterly/Half-Yearly/Yearly mode of payment |
|
Policy Revival |
Within 2 years from date of first unpaid premium |
More Useful Resources
LIC Online Services |
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LIC Other Plans |