What are LIC Yuva Term and Digi Term insurance plans?

LIC Yuva Term and Digi Term are pure risk life insurance policies offering financial protection to policyholders' families in case of death during the policy term. Yuva Term is available offline, while Digi Term is exclusively online.

What is the minimum and maximum age for entry into these plans?

The minimum entry age is 18 years, and the maximum is 45 years.

What is the sum assured range under these plans?

The sum assured ranges from a minimum of ₹50 lakh to a maximum of ₹5 crore.

How can I apply for the LIC Digi Term insurance plan?

You can apply online through the LIC website, where you fill out the application form, upload required documents, and submit your application.

What are the special features of LIC Digi Credit Life insurance?

Digi Credit Life offers a choice of loan interest rates, a reduced death benefit matching the decreasing loan balance, and online accessibility for convenience.

What are the special features of LIC Digi Credit Life insurance?

Digi Credit Life offers a choice of loan interest rates, a reduced death benefit matching the decreasing loan balance, and online accessibility for convenience.

What is the Yuva Term 875 plan?

The Yuva Term 875 plan is an LIC term insurance plan that provides financial protection to the policyholder’s family in case of death during the policy term.

What is the difference between LIC Yuva Term and Digi Term?

LIC Yuva Term is available offline with specific eligibility criteria, while LIC Digi Term is bought online, usually with lower premiums and a fully digital application process.

What is the education qualification for LIC Yuva Term plan?

LIC Yuva Term generally requires the proposer to have minimum educational qualifications like 10th or 12th pass, depending on the sum assured chosen.

What are the special features of LIC Digi Credit Life insurance?

Digi Credit Life offers a choice of loan interest rates, a reduced death benefit matching the decreasing loan balance, and online accessibility for convenience.

What are the special features of LIC Digi Credit Life insurance?

Digi Credit Life offers a choice of loan interest rates, a reduced death benefit matching the decreasing loan balance, and online accessibility for convenience.

Which is better, term or whole life?

Term insurance is better for pure protection at low cost, while whole life insurance suits those looking for lifelong cover with savings elements.

What is the LIC Yuva Term?

LIC Yuva Term is a pure protection term insurance plan by LIC designed for young individuals, offering high life cover at affordable premiums without maturity or survival benefits.

What are the disadvantages of a term plan?

A term plan does not provide maturity benefits, savings, or returns if the policyholder survives the term, which some people see as a drawback.

What is the interest rate of LIC Yuva credit?

LIC Yuva Credit does not offer an interest rate, as it is not a loan or investment plan but a pure term insurance policy.

How can I get 10,000 pension monthly?

A monthly pension of ₹10,000 can be achieved through LIC annuity plans like Jeevan Akshay by investing a lump sum amount at retirement.

Which LIC plan has the highest return?

LIC plans with the highest returns are usually endowment or money-back plans, as term plans focus only on protection, not returns.

Can I surrender the Yuva Term Plan?

LIC Yuva Term Plan cannot be surrendered for value since term insurance plans do not offer surrender or maturity benefits.

What is the 3 year rule in term insurance?

The 3-year rule means a term insurance policy usually becomes incontestable after three years, except in cases of fraud.

What is LIC Yuva Term plan 877?

LIC Yuva Term Plan 877 is another variant of LIC’s term insurance offerings, designed with updated features and eligibility conditions.

Can I surrender the Yuva Term Plan?

LIC Yuva Term Plan cannot be surrendered for value since term insurance plans do not offer surrender or maturity benefits.

What is the 3 year rule in term insurance?

The 3-year rule means a term insurance policy usually becomes incontestable after three years, except in cases of fraud.

What is LIC Yuva Term plan 877?

LIC Yuva Term Plan 877 is another variant of LIC’s term insurance offerings, designed with updated features and eligibility conditions.

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Who Is Eligible For LIC Yuva Term Plan?

Komal Bajpai

Author

Updated: 07-01-2026 at 3:30 PM

In a bid to strengthen financial protection among India’s younger population, the Life Insurance Corporation of India (LIC) has launched two new term insurance products, LIC Yuva Term Insurance and LIC Digi Term Insurance. These plans are designed to cater to the evolving financial needs of today’s youth, who are increasingly aware of long-term financial planning, loan responsibilities, and family security.

Both plans are pure risk life insurance policies, meaning they offer financial protection without any investment or maturity benefit. They are non-participating and non-linked, ensuring transparency and simplicity. With high sum assured options, flexible premium payment modes, and specific features like loan protection, these plans aim to encourage young adults to secure their future early in life.

Let us explore the features, benefits, eligibility, and differences between LIC’s Yuva Term and Digi Term Insurance plans in detail.

Also Read: Who Is Eligible For LIC Yuva Term Plan?

Overview

The table below provides a snapshot of the two newly launched LIC term insurance products for easy comparison and understanding.

Scheme Name	Organisation Name	Launched On	Target Group
LIC Yuva Term Insurance	Life Insurance Corporation (LIC)	2024	Young adults (18-45 years) seeking early financial security
LIC Digi Term Insurance	Life Insurance Corporation (LIC)	2024	Individuals (18-65 years) looking for online term insurance

What Are LIC’s Yuva Term And Digi Term Insurance Plans?

LIC Yuva Term and LIC Digi Term Insurance are long-term protection-oriented plans that provide a financial safety net to the insured’s family in case of an unfortunate demise during the policy term.

The LIC Yuva Term Plan 875 is available through offline channels, including LIC agents and authorised intermediaries. On the other hand, LIC Digi Term Insurance is a completely online plan, allowing customers to buy and manage their policy directly through LIC’s official website.

These plans are designed to promote early adoption of term insurance, enabling young earners to lock in lower premium rates at an early age. The entry age for both plans starts at 18 years, while the maximum entry age is 45 years for Yuva Term and 65 years for Digi Term. The minimum sum assured begins at ₹50 lakh and can go up to ₹5 crore, depending on the plan and eligibility.

Benefits Of LIC’s Yuva Term Insurance For Youth

LIC has carefully structured these plans to address the real-life financial responsibilities of young individuals. Below are the key benefits explained in detail.

Affordable Premiums

Buying term insurance at a younger age helps policyholders enjoy lower premium rates throughout the policy term. The Lic Yuva term plan calculator helps applicants estimate premiums easily before purchase.

High Coverage Amount

Both plans offer substantial coverage ranging from ₹50 lakh to ₹5 crore, ensuring adequate financial support for dependants.

Flexible Death Benefit Payout

Nominees can choose to receive the claim amount either as a lump sum or in instalments, depending on their financial needs.

Loan Protection Options

LIC has introduced Yuva Credit Life and Digi Credit Life variants, which protect outstanding loans such as home loans, education loans, or vehicle loans.

Women-Specific Premium Discounts

Special premium rebates are offered to women policyholders, encouraging financial independence and protection.

Easy Digital Access

Digi Term allows policyholders to apply, pay premiums, and manage their policies online without agent intervention.

These advantages are frequently highlighted in a Lic yuva term plan review, making the plan popular among first-time insurance buyers.

How To Apply For LIC Digi Term Insurance Online?

Getting hold of LIC Digi Term insurance is as simple as it can be done easily over the internet. The steps are summarised below:

Step 1: Access the LIC website: Go directly to the Digi Term insurance segment.

Step 2: Complete application form: Provide accurate personal and financial information.

Step 3: Attach necessary documents: As required, upload the identification and financial proofs.

Step 4: Submit your application: Confirm all details before committing them.

LIC has made it easy for the millennial generation to access their insurance by moving the entire process online and doing away with agents.

Applicants can also use the Lic yuva term plan proposal form offline for Yuva Term purchases.

Documents Required For Digi Term

The list contains the names of all the required documents which are needed for the Digi Term plans:-

Identity Proof: Aadhaar Card, Passport, Voter ID, or PAN Card as proof of identity.
Valid address evidence includes Aadhaar details or utility statement, or rental lease documents.
The applicant must present Salary Slips together with ITR and Form 16 documentation to prove their income when seeking coverage that exceeds the default sum provided by LIC.
To prove your age, you need a Birth Certificate together with a PAN Card, alongside a school-leaving certificate.
Medical Reports – Required for higher coverage options.

These documents are also listed in the LIC Yuva Term plan brochure pdf, which applicants can download for reference.

LIC Yuva Credit Life For Loan Repayment Protection

In addition to standard term insurance, LIC has introduced Yuva Credit Life and Digi Credit Life plans. These policies specifically cover outstanding loans, ensuring that family members are not burdened with debt after the policyholder’s death.

The death benefit under these plans reduces gradually, matching the decreasing loan balance. This feature is particularly useful for individuals with long-term liabilities such as housing or education loans.

Eligibility Criteria For LIC Yuva Term Insurance Plans

The eligibility criteria for the LIC Yuva Term insurance plans are designed to accommodate young adults. Key criteria include:

Minimum Entry Age: 18 years
Maximum Entry age: 45 years
Lowest Sum Assured: ₹50 lakh
Highest Sum Assured: ₹5 crore
Least Maturity Age: 33 years
Maximum Maturity age: 75 years.

These conditions are clearly outlined in the LIC Yuva Term Plan poster and marketing material.

Features Of LIC’s Digi Credit Life Insurance

Digi Credit Life insurance has several features that provide extensive coverage against loan repayments:

Choice of Loan Interest Rate: Policyholders can choose an appropriate rate at the commencement of the policy.
Reduced Death Benefit: This matches the decreasing loan balance over time.
Online Accessibility: The plan is exclusively available online, which provides easy access and convenience.

What Will Be The Basic Sum Assured?

The basic sum offered is based on various factors such as age, premium payment, and selected coverage. However,

The minimum sum assured under the LIC Yuva Term Plan is 50 lakhs, subject to the above-mentioned information.
The basic sum assured under the Digi Term Insurance is 25 lakhs, subject to the above-mentioned information.

Applicants often refer to the Lic yuva term plan calculator to assess suitable coverage levels.

Differences Between LIC Yuva Term And Digi Term Insurance

Feature	LIC Yuva Term	LIC Digi Term Insurance
Target Audience	Young individuals (18-45 years)	General audience (18-65 years)
Premium Amount	Lower premiums for young policyholders	Standard premiums based on age and coverage
Sum Assured	₹50 lakh to ₹2 crore	₹50 lakh to ₹5 crore
Policy Term	10 to 40 years	10 to 40 years
Premium Payment Options	Regular, Limited, and Single Pay	Regular, Limited, and Single Pay
Death Benefit	Higher coverage for young policyholders	Standard death benefit payout
Maturity Benefit	No maturity benefit	No maturity benefit
Medical Check-Up	Mandatory for higher coverage	Mandatory for higher coverage
Mode of Purchase	Online and offline	Online only
Additional Riders	Available (Accidental Death, Disability, etc.)	Available (Accidental Death, Disability, etc.)
Flexibility in Payout	Lump sum or instalments	Lump sum or instalments

LIC’s New Term Insurance Products With Special Premium Rates For Women

Special premium rates have been provided by LIC for women on Yuva term and Digi term policies to get more young women to buy term assurance, thereby providing them with financial protection at a lower cost.

Conclusion

With the launch of LIC Yuva Term and Digi Term Insurance plans, LIC has taken a progressive step towards strengthening financial protection for India’s youth. These plans offer high coverage, affordable premiums, flexible payout options, and specialised loan protection features, making them ideal for young earners and first-time insurance buyers.

Whether purchased through agents using the Lic yuva term plan proposal form or online via Digi Term, these policies provide a reliable foundation for long-term financial security.

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