LIC · Term · Decreasing Term
Yuva Credit Life
The agent-sold counterpart to Digi Credit Life — a decreasing term cover designed to pay off an outstanding loan if the borrower dies during the loan tenure.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeProtection
CategoryDecreasing Term
InsurerLIC
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
The agent-sold counterpart to Digi Credit Life — a decreasing term cover designed to pay off an outstanding loan if the borrower dies during the loan tenure.
You might need this if…
- You want loan-linked protection like Digi Credit Life, but would rather buy it through an LIC agent or advisor instead of online.
- You're a younger borrower (age 21–45) with a bank-sanctioned loan, and want to start with a lower minimum cover than the plan's standard ₹50 lakh floor.
- You want a cheaper way to protect a loan than a level term plan, since the cover amount is designed to shrink roughly in step with the loan balance.
How it actually works
- Standard minimum sum assured is ₹50 lakh, but it drops to ₹20 lakh for entry ages 21–45 with an approved, sanctioned loan; maximum is ₹5 crore (higher case-by-case).
- Entry age 18–45, maturity age up to 75; policy terms run 5–30 years with single or limited (5/10/15-year) premium options.
- A notional interest rate of 6%–12% p.a. is chosen at purchase to set the annual Risk Cover Schedule the sum assured follows, regardless of your actual loan's rate.
- Death benefit under limited premium is the higher of 105% of premiums paid or the scheduled cover amount for that year; under single premium it's just the scheduled amount.
- No maturity benefit, no paid-up value, and no policy loan facility are available.
- High sum assured rebates apply for larger covers, and non-smoker/women applicants get preferential rates based on a cotinine (nicotine) test.
Worked example
For a ₹50 lakh cover, 25-year term, 8% notional interest, non-smoker man: a 30-year-old pays about ₹53,550 as a single premium, or around ₹13,150 a year over a 5-year premium-paying term.
Worth knowing before you decide
- This plan is distributed offline through agents, corporate agents, brokers, and marketing firms — it's the offline sibling of Digi Credit Life.
- Suicide within 12 months of commencement or revival limits the payout to 80% of premiums paid.
- No surrender value applies in most cases beyond a limited 'unexpired risk premium value' after several years of premium payment.
Official source
⌟ Official product brochure
Learn about this category
Read the full term insurance explainer → · See all protection products →