LIC's Digi Term Plan 876 Calculator
Plan No. 876 (UIN: 512N356V02) - Estimate Your Term Insurance Premium
Premium Options
Click on a premium option to see its details.
GST: Premiums shown are inclusive of 18% GST (assumed rate for term plans). Base premiums are exclusive of GST. Actual GST is as per prevailing rates.
Note: Smoker premium is an estimate (Non-Smoker Premium + 25% loading, assumed). Actual rates may vary.
Note: Premium for policy terms other than 20 years is an estimate based on available sample data for 20-year term. Actual rates may vary.
Min. Premium Note: The calculated modal premium is below the plan's minimum requirement (₹3,000 for Reg/Ltd modes, ₹30,000 for Single). Policy parameters might need adjustment for actual policy issuance.
Death Benefit Details
"Sum Assured on Death" is defined as:
For Regular/Limited Premium: Highest of (a) 7 times Annualised Premium, (b) 105% of Total Premiums Paid till death, (c) Absolute Amount Assured to be paid on death.
For Single Premium: Higher of (a) 125% of Single Premium, (b) Absolute Amount Assured to be paid on death.
Key Features:
- A Non-Participating, Non-Linked, Life, Individual, Pure Risk Premium Plan.
- Available Online Only.
- Flexibility to choose Level or Increasing Sum Assured.
- Special rates for women.
- Choice of Regular, Limited (10/15 yrs), or Single Premium payment.
- Option for death benefit payment in instalments.
- Attractive High Sum Assured Rebates.
- Two premium rate categories: Non-Smoker and Smoker.
Eligibility Conditions:
- Minimum Entry Age: 18 years (last birthday)
- Maximum Entry Age: 45 years (last birthday)
- Minimum Maturity Age: 33 years (last birthday)
- Maximum Maturity Age: 75 years (last birthday)
- Minimum Basic Sum Assured: ₹50,00,000
- Maximum Basic Sum Assured: ₹5,00,00,000 (higher on case-to-case basis)
- Premium Payment Modes: Yearly, Half-Yearly (for Regular/Limited)
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Minimum Policy Term:
- Regular/Single/Limited Premium (10 years): 15 years
- Limited Premium (15 years): 20 years
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Maximum Policy Term (Level SA): 40 years (subject to max maturity age)
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Maximum Policy Term (Increasing SA): Varies by age & Sum Assured (refer to brochure tables). Calculator attempts to adhere to these.
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Published on: July 8, 2025