Standard term-insurance product listed by LIC; current LIC material highlights Sum Assured choices and limited-pay options.
Standard term-insurance product listed by LIC; current LIC material highlights Sum Assured choices and limited-pay options.
This page explains the purchase and benefit flow in plain language. The insurer-issued document remains the authority for eligibility, premium tables, exclusions, charges, surrender and claims.
Use this four-step illustration to understand the flow; it is not a premium quote or benefit illustration.
Start with the benefit you need, not the advertised premium.
Select only options that appear in the current official document.
Keep every due payment on time and retain policy records.
The actual payout follows the policy wording and accepted claim.
The nominee receives the death benefit defined by the selected option, provided the policy is in force and the claim meets the policy terms.
A pure term option normally has no maturity payout. A return-of-premium or savings-linked option pays only what its document specifically promises.
Age, health, tobacco use, occupation, cover amount, term, payment term, payout option and underwriting can all change the final quote.
Official sales brochure is attached locally. Use the latest insurer-issued version if the insurer replaces this edition.
Source: LIC official website. Verified 04 Sep 2026. Underpitch has not altered the attached insurer PDF.
