
LIC Offers Insurance Cover of ₹50 Lakh for Just ₹24 Daily
LIC's Yuva Term Plan allows individuals aged 18 to 45 to secure an insurance cover of ₹50 lakh for a daily premium of ₹24. The policy offers various premium payment options.
Tags
Entities
What Happened?
LIC's Yuva Term Plan allows individuals aged 18 to 45 to secure an insurance cover of ₹50 lakh for a daily premium of ₹24. The policy offers various premium payment options.
Why it matters
This insurance plan offers affordable coverage, making it accessible for young individuals.
Key points
- LIC Yuva Term Plan offers insurance cover from ₹50 lakh to ₹5 crore.
- Eligible age for the plan is between 18 and 45 years.
- Premium payment options include regular, single, and limited payment terms.
- A 30-year-old can secure ₹50 lakh cover for an annual premium of ₹8,750.
- Death benefits can be received in installments for 5, 10, or 15 years.
Key insights
- The plan could attract a younger demographic seeking affordable insurance.
- Offering flexible premium payment options may increase policy uptake.
- The ability to receive death benefits in installments could appeal to families.
AI Quick Summary
LIC's Yuva Term Plan offers ₹50 lakh insurance for ₹24 daily, targeting young individuals aged 18-45.
Source
India Today



