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lic new policy :You can avail this plan both offline and online. This plan is completely non-par, non-linked policy. There is no risk of any kind in this.

Many policies are being run by the country's largest insurance company. One of these policies was introduced some time ago. The name of this scheme is LIC Yuva Credit Life, Digi Credit Life Plan.

This plan has been specially introduced for those people who have any loan or are thinking of taking a loan, this plan eliminates all the worries of repaying the loan in case of death of the policyholder.

You can take this plan both offline and online. This plan is completely non-par, non-linked policy. There is no risk of any kind in this. However, the death benefit decreases with the duration of this policy.

Under this plan, the minimum sum insured is Rs 50 lakh and the maximum is Rs 5 crore. For information, this policy can be availed by a person between 18 and 45 years of age. In this plan, maturity is minimum in 23 years and maximum in 75 years.

What is special about the plan

This is not a term insurance but reduces the liability of the loan. This means that on the death of the policyholder, not a single rupee has to be paid on the loan taken by him. This means that the family does not have to pay any money.

This loan can be of any type. You can take any type of loan like home loan, education loan, car loan etc.

How many types of premiums are there

Let us tell you that you can take 4 types of loans under this plan. This includes premium for 5 years, 10 years and 15 years. The premium will depend on the policy term.

That is, for how many years you are buying the plan. For single premium facility, the premium has to be paid on yearly or half yearly basis.

How much premium will have to be paid

Under LIC's plan, the policyholder's age, sum assured value and the interest rate on which the loan has been taken will depend on it. Suppose a 20-year-old person buys a plan with a sum assured of Rs 50 lakh for 25 years, then he will have to pay a minimum premium of Rs 4850. This premium will be for 15 years.

Know the important things for the policy

Let us tell you that if the holder dies, the loan given to the holder will be repaid from the amount received from this policy. No pressure will be put on the family to repay the loan amount.

If the holder does not die and the policy completes its term, then the holder will not be given any amount. That means there is no maturity benefit in this.

If you want to surrender the policy, then the amount will be refunded as per the rules of LIC. Not every type of loan is given under this policy.

Where to buy a policy

You can buy this plan of LIC online and offline. You can get this policy by visiting any branch or through any agent.

You can also buy this policy online. For more information about this, you can visit licindia.in.