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Term Assurance Plans


LIC's NEW TERM ASSURANCE RIDER

LIC's New Term Assurance Rider provides for life cover in case of unfortunate death of the insured during the cover period. It can be attached with a basic policy to provide add-on benefit at a nominal cost. This rider shall only be attached with Non-Linked plans at the inception of the base policy.

Benefit : Death Benefit

In case of unfortunate death of the life assured during the term of the Rider, an amount equal to the Term Assurance Rider Sum Assured shall be payable.

Benefit : Maturity Benefit

On survival to the end of the term of the Rider, nothing shall be payable

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