LIC Yuva Term Plan

1. The plan offers a variety of variable death benefit options, including increasing or lowering the sum assured 

1. You have the choice of paying for a single, regular, or limited premium 

1. Women and non-smokers are eligible for discounted prices 

1. Higher sums guaranteed are eligible for discounts 

1. If needed, death benefits may be given over several stages. 

Eligibility Criteria of LIC Yuva Term Plan  

Below table shows the eligibility criteria for LIC Yuva Term Plan: 

What is not Covered Under LIC Yuva Term Plan? 

Suicide Within 12 Months: Only 80% of the total premiums paid (excluding additional premiums, rider premiums, and taxes) will be refunded if the life assured commits suicide within 12 months of the start of risk or the date of policy revival (for regular/limited premium policies), or within 12 months of the begin of risk (for single premium policies). 

Benefits of LIC Yuva Term Plan 

Here are some of the benefits of LIC Yuva Term Plan as follows: 

1. Death Benefit: If the policyholder passes away within the policy's term, the nominee will get the death benefit 

1. Maturity Benefit: If the life assured lives to the end of the policy term, there is no maturity benefit paid 

1. Option to Take Death Benefit in Installments: If the total claim amount satisfies the minimum installment requirements, death benefits may be paid in monthly, quarterly, half-yearly, or annual installments over a period of 5, 10, or 15 years.