LIC Yuva Term Calculator (Plan 875)
Official Table No. 875 (UIN: 512N378V01). Calculate youth term life insurance premiums (Ages 18–45), compare Level vs Increasing Cover (up to 200%), Smoker vs Non-Smoker discounts, and coverage up to Age 75.
LIC Yuva Term Plan
High-Value Pure Term Life Insurance for Young Adults
Guaranteed 100% Tax-Free pure risk death benefit payable to nominee.
Year-by-Year Coverage Progression (Ages 28 to 58)
Scrollable table| Yr | Age | Premium (₹) | Natural Death Cover | Accidental Death Cover |
|---|
Ready to Calculate LIC Yuva Term?
Enter your age (18 to 45 yrs), smoking status, choose Level vs Increasing cover, and click Calculate to view youth-discounted term quotes.
- Tailored exclusively for young individuals aged 18 to 45
- Minimum Sum Assured of ₹50 Lakhs up to ₹10 Crores+
- Level Sum Assured or Increasing Cover (up to 200%)
- Special discounted rates for Non-Smokers & Women
- 100% Tax-Free death benefit under Section 10(10D)
Complete Guide to LIC Yuva Term (Plan 875)
LIC Yuva Term (Table No. 875, UIN: 512N378V01) is a cutting-edge non-linked, non-participating, individual pure risk term life insurance product engineered specifically for India’s young workforce, entrepreneurs, tech professionals, and early-career earners aged between 18 and 45 years.
Entering your professional journey brings financial independence alongside major life milestones: home loans, vehicle financing, marriage, starting a family, or launching a startup. Protecting these emerging financial responsibilities requires high-value life insurance that does not strain your monthly savings budget. With LIC Yuva Term, young individuals can lock in **ultra-low mortality premium rates for up to 40 years**, securing a financial shield of **₹50 Lakhs to ₹10 Crores or more** backed by the sovereign guarantee of the Government of India under Section 37 of the LIC Act, 1956.
Key Plan Specifications & Eligibility Boundaries for Plan 875
LIC Plan 875 operates under precise youth-focused underwriting parameters:
| Parameter | Official Rule / Specification (Plan 875) | Strategic Significance & Practical Notes |
|---|---|---|
| Plan Nature | Non-Linked, Non-Participating Pure Risk Term Plan | Pure mortality protection plan with zero maturity value on survival |
| Minimum Entry Age | 18 Years (Last Birthday) | Can be purchased as soon as an individual achieves adulthood |
| Maximum Entry Age | 45 Years (Last Birthday) | Exclusively restricted to young adults and early-to-mid career professionals |
| Maximum Maturity Age | 75 Years (Last Birthday) | Provides coverage throughout the entire working and early retirement life |
| Policy Term (PT) | 10 Years to 40 Years | Subject to maximum age at maturity not exceeding 75 years |
| Premium Paying Terms (PPT) | Regular Pay, Limited Pay (PT-5, PT-10), Single Pay | Limited pay frees policyholders from paying premiums after retirement |
| Minimum Basic Sum Assured | ₹50,00,000 (50 Lakhs) | Multiples of ₹5 Lakhs up to ₹1 Cr; multiples of ₹10 Lakhs above ₹1 Cr |
| Maximum Basic Sum Assured | No Upper Limit | Subject to financial underwriting and annual income verification |
| Cover Type Options | Option I (Level SA) | Option II (Increasing SA) | Increasing SA expands by 10%/year from Year 6 to 15 to double (200%) |
| Underwriting Categories | Non-Smoker vs Smoker & Male vs Female | Preferential discounted rates for verified healthy non-smokers and women |
| Riders Available | LIC's Accident Benefit Rider | Additional rider payout on accidental death (up to ₹1 Crore max) |
| Death Benefit Payout Mode | Lump Sum OR 5-Year Installments | Nominee can receive claim in monthly/yearly regular income installments |
Level Sum Assured vs Increasing Sum Assured (Up to 200% Cover)
LIC Plan 875 gives young policyholders the power to choose between fixed protection and inflation-hedged escalating protection:
Option I: Level Sum Assured
Under Option I, the Sum Assured on Death remains constant throughout the entire policy term, equal to the Basic Sum Assured chosen at proposal.
- How It Works: If you buy a ₹1 Crore policy for a 30-year term, your family receives exactly ₹1 Crore if demise occurs at any point during those 30 years.
- Ideal For: Budget-conscious young professionals seeking maximum coverage at the absolute lowest premium.
Option II: Increasing Sum Assured (Doubles to 200% Cover)
Under Option II, your life insurance coverage starts at the Basic Sum Assured and increases automatically over time to match your expanding career earnings, marriage, children's birth, and rising cost of living without requiring any fresh medical tests:
- Years 1 to 5: Death benefit equals 100% of Basic Sum Assured.
- Years 6 to 15 (10-Year Expansion Window): Death benefit increases by 10% of Basic Sum Assured every year.
- Year 16 onwards: Death benefit reaches 200% (2 times Basic Sum Assured) and remains capped at this doubled cover for the remainder of the policy term.
- Example: For a ₹1 Crore policy under Option II, cover stays at ₹1 Crore for Years 1–5. It becomes ₹1.10 Cr in Year 6, ₹1.20 Cr in Year 7, and reaches ₹2.00 Crores by Year 15, remaining at ₹2 Crores till age 75!
🛡️ Option I: Level Cover
Fixed, budget-friendly protection. Excellent for locking in early protection for home loans, education loans, and early family needs.
📈 Option II: Increasing Cover (2x)
Automatically doubles your life cover over 15 years without fresh medical underwriting, ensuring your cover beats inflation as your family grows.
🚭 Non-Smoker Preferred Rates
Healthy non-smokers who test negative for cotinine receive substantial discounts, saving up to 30% on lifetime premium outflows.
👩 Special Female Concessions
Working women and female applicants enjoy lower premium rates across all age brackets, recognizing higher statistical longevity.
Premium Payment Options: Regular Pay vs Limited Pay vs Single Pay
LIC Yuva Term provides four distinct payment structures designed for diverse financial lifestyles:
| Payment Option | Premium Paying Term (PPT) | Eligible Policy Term | Best Suited For |
|---|---|---|---|
| Regular Premium | Equal to Policy Term (PT) | 10 to 40 Years | Lowest yearly cash outflow; pay continuously throughout working life. |
| Limited Pay (PT - 5 Yrs) | 5 Years shorter than Policy Term | 10 to 40 Years | Finish paying premiums 5 years before policy expiry; great for early career retirement. |
| Limited Pay (PT - 10 Yrs) | 10 Years shorter than Policy Term | 15 to 40 Years | Concentrate premium payments during high-growth earning years (e.g. Ages 25 to 45). |
| Single Premium | 1-Time Lump Sum Payment | 10 to 40 Years | One-time funding from signing bonus, ESOPs, or capital gains for decades of peace of mind. |
Comprehensive Comparison: Plan 875 (Yuva Term) vs Plan 955 (Jeevan Amar) vs Plan 876 (Digi Term)
Understand how LIC Yuva Term compares across LIC's modern term insurance portfolio:
| Feature / Parameter | LIC Yuva Term (Plan 875) | LIC New Jeevan Amar (Plan 955) | LIC Digi Term (Plan 876) |
|---|---|---|---|
| Target Audience | Youth (Ages 18 to 45) | All Adults (Ages 18 to 65) | Online Youth (Ages 18 to 45) |
| Minimum Sum Assured | ₹50,00,000 (50 Lakhs) | ₹25,00,000 (25 Lakhs) | ₹50,00,000 (50 Lakhs) |
| Purchase Channel | Offline / Licensed Advisor | Offline / Licensed Advisor | Online Direct Portal Only |
| Dedicated Claim Advisor | Yes (Personal Agent Assistance) | Yes (Personal Agent Assistance) | No (Self-service online) |
| Maximum Cover Age | 75 Years | 80 Years | 75 Years |
| Increasing Cover Option | Yes (Doubles to 200%) | Yes (Doubles to 200%) | Yes (Doubles to 200%) |
| Sovereign Guarantee | Yes (Section 37, LIC Act) | Yes (Section 37, LIC Act) | Yes (Section 37, LIC Act) |
| Tax Exemption | 100% Tax-Free u/s 10(10D) | 100% Tax-Free u/s 10(10D) | 100% Tax-Free u/s 10(10D) |
In-Depth Case Study: 30-Year Protection for a 28-Year-Old Software Engineer
Case Profile: Varun (Age 28), Non-Smoker Male, Senior Software Engineer
- Basic Sum Assured: ₹1,00,00,000 (1 Crore)
- Chosen Cover Option: Option I (Level Sum Assured)
- Policy Term & PPT: 30 Years Regular Pay (Covered till Age 58)
- Non-Smoker Preferred Rate: Applied
- Estimated Annual Premium: ~₹12,850/year (incl. 18% GST)
- Monthly Equivalent Outflow: ~₹1,071/month (~₹35/day)
- Total Premiums Paid across 30 Years: ~₹3,85,500
Family Financial Security Realization:
- High-Value Protection: For a total lifetime cost of just ₹3.85 Lakhs across 30 years, Varun guarantees an instant ₹1 Crore safety net for his spouse and future children.
- Debt Shield: Fully covers any home loan or startup debt Varun takes during his peak career years.
- Tax Advantage: Annual premiums qualify for tax deduction under Section 80C, saving Varun up to ₹4,000 in income taxes every year.
Tax Benefits Under Section 80C and Section 10(10D)
LIC Yuva Term provides complete, statutory tax exemption under Indian tax laws:
- Section 80C Deduction: Annual premiums paid qualify for income tax deduction up to ₹1,50,000 per financial year under Section 80C (under the Old Tax Regime), as the premium is far below the 10% Sum Assured cap.
- Section 10(10D) Full Exemption: 100% of the death claim proceeds received by the nominee are completely tax-free without any monetary upper limit.
- Zero TDS: No Tax Deducted at Source (TDS) applies to death claim payouts.
100% Digital Onboarding with Authorized LIC Advisor
Securing your family’s future with LIC Yuva Term (Plan 875) can be completed online within minutes:
- Calculate Your Premium Quote: Use the interactive calculator above to select your age, sum assured, term, and smoking status.
- Connect with Licensed LIC Advisor: Contact licensed LIC Agent Code `LIC10031212` (Lalkuan Branch, Uttarakhand) directly via WhatsApp at `+91 8419943250`.
- Digital Document Submission: Submit PAN card, Aadhaar card, income proofs (ITR / Form 16 / Salary slips), and bank details digitally.
- Home-Visit Medical Scheduling: Diagnostic medical test (tele-medical / urine cotinine / blood tests) arranged at your home or partner clinic at LIC’s expense.
- Direct Online Payment: Pay the premium directly to LIC of India through UPI, Net Banking, or Debit Card.
- Digital Policy Bond: Receive your official e-Policy Bond directly in your email and DigiLocker within 24 to 48 hours of underwriting approval.