Term Plans
LIC Yuva Term Plan 875 is a newly-launched term insurance plan that will help take care of your family's financial needs if you are no longer around. A pure-risk life insurance plan, it is meant to offer your family financial security in the event of your untimely demise within the policy term. The plan offers guaranteed, fixed death benefits along with the option to choose your premium payments and policy terms. With the Yuva Term plan LIC offers a great combination of high cover and affordable premiums.
Keep reading to find out more about the LIC Yuva Term Plan 875.
LIC Yuva Term Plan 875 is a non-participating, non-linked term insurance plan offered by LIC of India. Since the Yuva Term LIC plan is a pure protection plan, it will not receive any profits or bonuses that LIC may declare. The LIC Yuva Term plan aims to financially secure the insured's family in the event of the insured's unfortunate demise. It offers various premium payment options (single, regular, or limited), two death benefit options (Level and Increasing Sum Assured), and attractive rates for non-smokers.
The basic sum assured can be covered by different maturity benefits, depending on the contract duration and conditions. The Yuva term plan 875 guarantees the payment of death benefits without any bonuses or sharing of surpluses and can be obtained through different offline sales channels such as agents and brokers.
Term Plans
The LIC Yuva Term plan provides flexible death benefit options such as Level or Increasing Sum Assured.
You can choose the Premium payment options, including Single, Regular, or Limited Premium and calculate the amount using LIC Yuva term plan calculator.
The LIC Yuva Term plan 875 offers special rates are available for women and non-smokers.
Discounts are offered for higher sums assured.
LIC Yuva Term Plan 875 death benefit can be received in installments if chosen.
| Parameters | Minimum | Maximum |
| Entry Age | 18 years | 45 years |
| Maturity Age | 33 years | 75 years |
| Sum Assured | Rs. 50 Lakhs | Rs. 5 Crores |
| Policy Term | 15 years | 40 years |
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Below are the benefits of the LIC Yuva Term plan 875 the nominee will receive after the policyholder's unfortunate demise.
The nominee will receive the death benefit if the policyholder dies during the policy term. Under Regular Premium and Limited premium payment, “Sum Assured on Death” is defined as the highest of:
7 times the annualised premium,
105% of total premiums paid,
or the absolute amount assured
Under Single premium payment, “Sum Assured on Death” is defined as the higher of:
125% of Single Premium;
or • Absolute amount assured to be paid on death.
As a pure term insurance plan, LIC Yuva plan provides no maturity benefit if the life assured survives to the end of the policy term.
LIC Yuva term insurance death benefit can be received in installments over 5, 10, or 15 years, with monthly, quarterly, half-yearly, or yearly payments available if the total claim amount meets the minimum installment requirements.
| Mode of Instalment Payment | Minimum Instalment amount (Rs) |
| Monthly | 5,000 |
| Quarterly | 15,000 |
| Half-Yearly | 25,000 |
| Yearly | 50,000 |
The sample illustrative premiums for LIC Yuva Term plan’s Option I (Level Sum Assured) and Option II (Increasing Sum Assured) for Basic Sum Assured of Rs 50 Lakh for Non-Smoker, Male, Standard lives under different Premium Payment options are as under:
Option I (Level Sum Assured):
| Age | Policy Term | Regular Annual Premium (in Rs.) | Annual Premium for Limited Premium Paying Term of 15 Years (in Rs.) | Annual Premium for Limited Premium Paying Term of 10 Years (in Rs.) | Single Premium (in Rs.) |
| 20 years | 20 years | 4,550 | 5,250 | 6,600 | 44,350 |
| 30 years | 20 years | 5,950 | 6,850 | 8,750 | 59,550 |
| 40 years | 20 years | 11,700 | 13,600 | 17,500 | 1,21,900 |
Option II (Increasing Sum Assured):
| Age | Policy Term | Regular Annual Premium (in Rs.) | Annual Premium for Limited Premium Paying Term of 15 Years (in Rs.) | Annual Premium for Limited Premium Paying Term of 10 Years (in Rs.) | Single Premium (in Rs.) |
| 20 years | 20 years | 5,850 | 6,750 | 8,550 | 58,400 |
| 30 years | 20 years | 8,250 | 9,600 | 12,250 | 84,950 |
| 40 years | 20 years | 17,850 | 20,850 | 26,850 | 1,88,950 |
The premium amounts for the LIC Yuva term plan 875 can be easily calculated by the customer or the policyholder in various modes. The LIC Yuva Term Plan Calculator provides the premium amounts on a monthly/ quarterly/ half-yearly/ yearly basis. The LIC Yuva Term Plan Calculator requires:
Your Current Age
Gender
Smoker Status
Basic Sum Assured (₹)
Death Benefit Option
Premium Payment Term
Policy Term (Years), and
Premium Payment Mode
Based on this information, the calculator will provide the results showing premium amounts and the sum assured amount of the policy.
The following are the LIC 875 plan details for everyone who wishes to purchase or has an LIC Yuva Term plan.
A grace period of 30 days is given for yearly or half-yearly premium payments. During this time, the policy stays active with full risk cover. If the premium isn't paid within this period, the policy will lapse and all benefits will stop.
The following rebates shall be applicable:
| Basic Sum Assured | Rebates Under Option I: Level Sum Assured | Rebates Under Option II: Increasing Sum Assured | ||
| Regular/ Limited Premium | Single Premium | Regular/ Limited Premium | Single Premium | |
| 50 Lakh to less than 1 Crore | Nil | Nil | Nil | Nil |
| 1 Crore to less than 2 Crore | 18% | 17% | 16% | 15% |
| 2 Crore to less than 5 Crore | 33% | 30% | 29% | 28% |
| 5 Crore and above | 40% | 35% | 36% | 33% |
You can revive a lapsed policy within 5 years from the first unpaid premium, before maturity, by paying all due premiums with interest and fulfilling health requirements. LIC may accept, modify, or reject the revival. If not revived within this time, the policy ends with no benefit, except limited plans may get a small amount back.
If you're unsatisfied with the policy terms and conditions, you can return the policy within 30 days of receiving it (physical or electronic copy, whichever is earlier). LIC will cancel the policy and refund the premium paid after deducting charges for risk cover, medical tests (if any), and stamp duty.
The LIC Yuva Term plan includes a suicide exclusion clause as follows:
Regular/Limited Premium Policy
If the life assured (whether sane or insane) commits suicide within 12 months from the commencement or revival of the policy, the nominee will receive 80% of the total premiums paid (excluding extra premium, rider premium, and taxes), provided the policy is in force. No benefit is payable if the policy has lapsed.
Single Premium Policy
If the life assured (whether sane or insane) commits suicide within 12 months from the commencement of risk, the nominee is entitled to 80% of the single premium paid (excluding extra premium, rider premium, and taxes).
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.
˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10
+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.
+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
Women
+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.
1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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