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



