Yuva Term

What this product is

The agent-sold twin of Digi Term — a large pure term cover (₹50 lakh+) with a choice of level or increasing payout, bought through an advisor rather than online.

You might need this if…

• You want a substantial term cover but would rather work with an LIC agent to buy and manage the policy than go through the website.
• You want the option of a cover that grows automatically over the first 15 years, to better match rising future needs like a growing family or larger loans.
• You'd rather finish paying premiums early (in 10 or 15 years) even though the cover continues for a much longer term.
• You want a straightforward death-only benefit without maturity payouts or cash value.

How it actually works

• Minimum basic sum assured ₹50 lakh, no fixed cap beyond that (subject to underwriting); entry age 18–45, maturity age up to 75.
• Choose Option I – Level Sum Assured (flat cover throughout) or Option II – Increasing Sum Assured (cover holds for five years, then rises 10% annually until it doubles by year 15, then stays level).
• Premium can be paid as Regular (through the full term), Limited (10 or 15 years), or Single premium; policy terms run 15–40 years depending on the option chosen.
• Death benefit under regular/limited premium is the highest of 7× annualised premium, 105% of premiums paid, or the chosen sum assured; under single premium it's the higher of 125% of the premium or the sum assured.
• Beneficiaries can choose to receive the death benefit as instalments over 5, 10, or 15 years instead of a lump sum.
• High sum assured rebates reduce the effective rate for larger covers, with the biggest discounts (up to roughly 40%) at the highest sum assured bands for younger buyers.

Worked example

Worth knowing before you decide

• Nothing is paid at maturity if you survive the term — there's no cash value, paid-up option, or policy loan.
• Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
• The Level vs Increasing sum assured choice is locked in at purchase and can't be changed later.

Official source

⌟ Official product brochure

Learn about this category

Read the full term insurance explainer → · See all protection products →