LIC New Term Assurance Rider is an additional benefit clause which when added to the base policy provides double death benefit. The Rider is available at very minimal rates.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
60 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
5 |
35 |
Premium Paying Term (PPT) in years |
Same as that of the base policy |
|
Premium Paying Frequency |
Same as in the base policy |
|
Yearly Premium |
Depends on age, Sum Assured, term and PPT |
|
Sum Assured |
100,000 |
25,00,000 |
Annual premium in Rupees for a Sum Assured of 2 lakhs
Age / Term (in years) |
10 |
20 |
30 |
20 |
322 |
322 |
378 |
30 |
376 |
488 |
702 |
40 |
734 |
1104 |
1526 |
50 |
1836 |
2522 |
- |
This being a rider only, there are no specific exclusions under this plan. The applicable exclusions would be as applicable in the base LIC term insurance plan.
The documents required will that be for the base policy. No additional documents are required for the Rider.
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