LIC Term Insurance 50 Lakh Plan for 5 Years

The LIC Term Insurance 50 Lakh Plan for 5 years offers ₹50 lakh in coverage for a short, 5-year term, giving you the peace of mind that your family will be financially protected in case of any unforeseen events. In cases of managing a loan, planning for your children's education, or simply wanting to ensure your loved ones are taken care of, LIC term insurance 50 lakh plans for 5 years make it easy to secure your future without long-term commitments.

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

What Are LIC Term Insurance 50 Lakh Plans for 5 Years?

LIC term insurance plans are protection plans that offer financial security to the family in case the policyholder dies during the policy term. Term insurance plans differ from traditional life insurance policies in that they do not pay out a maturity benefit; instead, they provide risk coverage only.

LIC Term Insurance 50 Lakh plans that offer a policy tenure of 50 lakhs suit an individual who has temporary financial obligations such as home loans, personal loans, or family burdens and is looking forward to getting high cover in a short duration.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Which LIC Term Insurance Plans Offer 50 Lakh for 5 Years?

While LIC of India offers multiple term insurance plans, not all are designed for short-term high coverage like the 5-year ₹50 lakh option. Among the LIC 5-Year Plans, two options are particularly suitable:

LIC Yuva Credit Plan

LIC Yuva Credit Life Plan 877 is a Non-Par, Non-Linked, Life, Individual, Pure Risk plan. It offers protection of loan repayment to the family of the insured through the safety of a life cover policy if the insured dies during the policy term unfortunately. The key features of this plan are as follows:

It offers high cover options including Rs. 50 lakhs for very short durations
Premiums are very reasonably priced for the young demographic
Simple online application process
Flexible policy term options available including 5 years
Attractive High Sum Assured Rebate
Special rates for women
Available for purchase offline by LIC agents.

This LIC term plan is ideal for young earning individuals who are planning to take a loan and want to protect it with the insurance so that if at all in any unfortunate situation the debt doesnt become a burden on their family. LIC Yuva Credit Plan only offers a 5-year policy term if Single premium payment term is selected.

Eligibility Criteria of LIC Yuva Credit Plan

Criteria	Minimum	Maximum
Age at entry	18 years	45 years
Age at Maturity	23 years	75 years
Basic Sum Assured (Rs)	50,00,000	5,00,00,000
Policy Term	5 years	30 years

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

LIC Digi Credit Plan

The LIC Digi Credit Plan 878 is a non-par, non-linked, pure- risk term insurance plan. In this plan, you can choose Single Premium and Limited Premium Payment frequencies. Its highlights include:

Sum assured options up to ₹50 lakh
Short-term coverage, including 5-year LIC 5-Year Plans
Completely paperless application process
Quick issuance and minimal documentation
Special rates for women
Attractive high sum assured rebates
Available for online purchase through LIC of India website.

This plan is ideal for professionals looking for hassle-free life insurance coverage that can be purchased online without visiting a branch. LIC Digi Credit Plan only provides a policy term of 5 years if Single premium payment term is chosen.

Eligibility Criteria of LIC Digi Credit Plan

Criteria	Minimum	Maximum
Age at entry	18 years	45 years
Age at Maturity	23 years	75 years
Basic Sum Assured (Rs)	50,00,000	5,00,00,000
Policy Term	5 years	30 years

LIC Term Insurance 50 Lakh Plan for 5 Years Benefits

Opting for a LIC Term Insurance 50 Lakh Plan for 5 years comes with several benefits:

Low Premiums for High Coverages: A 50 lakh sum assured provides you with the capability to meet major financial needs while preserving your budget.

Financial Security for the Family: Your dependents will be able to sustain their lifestyle and settle debts if something happens to you.

Flexible Short-Term Option: A LIC Term Insurance 50 Lakh Plan for 5 Years suits those who have financial obligations for a limited period only.

Simple and Transparent: By LIC term insurance policies are simple and there are no surprises or hidden charges.

Loan Protection: Plans such as LIC Yuva Credit and Digi Credit are designed to cover the outstanding amount and liabilities of loans.

Summing Up

A LIC Term Insurance 50 Lakh Plan for 5 years is a great choice if you want to have a large financial safety net but only for a short term. Options like the LIC Yuva Credit Plan and LIC Digi Credit Plan offer you the benefits of flexibility, low cost, and the ability to meet your financial needs at the same time, which makes them great picks among the LIC 5, Year, Plan variants.

Without any extensive documentation, rapid issuance, and purchase via the internet, it is almost too easy to secure the future of your family. Taking out a term insurance policy is the correct decision that will not only give you peace of mind but will also provide a stable financial future to your dependents.

People also search for

What is Term Life Insurance

FAQ's

Q1. How much premium for 50 lakh term insurance?

A: The amount of the premium is influenced by your age and state of health as well as the plan you select from LIC 5-Year Plans. So suppose you are a 30, year, old person in good health and you want to take a 5, year term insurance plan of 50 lakh rupees under which premium might be somewhere between 10, 000 to 12, 000 annually.
Q2. Can I get a 5-year term life insurance policy?

A: Yes, with the help of some of the existing LIC 5, Year Plans like Yuva Credit Plan and Digi Credit Plan, one can easily get a 5, year term life insurance policy with a high cover amount like 50 lakh.
Q3. Which is the best LIC policy plan for 5 years?

A: If you want a 5-year plan, consider LIC's New Endowment Plan or LIC's Jeevan Akshay VI. Both plans effectively mix the risk cover with the growth of the investment. In case you want life cover only, LIC's Tech Term and LIC's Jeevan Amar would be perfect. These term plans have low premiums and high coverage which will definitely secure the financial needs of your family.

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.