LIC’s Yuva Credit Life plan is a Non-Participating, Non-Linked, Life, Individual, Pure Risk plan. This plan provides a safety net against any loan repayment to the insured’s family in case of his/her unfortunate death during the policy term. This is a Non-participating product where policies are not entitled to any share in surplus (profits) during the policy term.

This is a pure decreasing Term Assurance plan wherein the death benefit will reduce over the term of the policy. The death benefit may be higher or lower than the actual outstanding loan.

Key Features:

• Flexibility to choose from Single Premium and Limited Premium Payment, choose the Policy Term/Premium Paying Term.

• Special rates for women.

• Benefit of attractive High Sum Assured Rebate.

• Two categories of premium rates namely (1) Non-Smoker rates and (2) Smoker rates.

• Choice of loan interest rate as appropriate to the policyholder at the inception of the policy.