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LIC · 512N356V02

LIC Digi Term (Plan 876)

LIC Digi Term (Plan 876) (IRDAI UIN 512N356V02) is a term life insurance plan for people aged 18 to 45 at entry, with cover up to age 75.

Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.

In short

LIC Digi Term (Plan 876) is a term life insurance plan from LIC. Key specifications: maximum entry age 45 years, maximum maturity age 75 years, death claims settled (insurer) 97.59%.

Sample premium ₹4,700 a year*

*For: Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure.. Your premium will differ.

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Maximum entry age
45 years
Maximum maturity age
75 years
Death claims settled (insurer)
97.59%

Cons

  • Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)
  • Lower maximum entry age than 93% of the 29 term life insurance plans on Comparezi that state it (age 45)
  • Insurer paid a lower share of individual death claims than 88% of the 27 term life insurance plans on Comparezi that state it (97.59%)

Who should avoid it

  • Not ideal for Insurer's claim payout record · What matters most? (pick any) #25 of 29
  • Not ideal for Cover to an older age · What matters most? (pick any) #24 of 29

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 45 years
Maximum maturity age 75 years
Policy term Minimum 15 years (Regular/Single/Limited Premium of 10 years) or 20 years (Limited Premium of 15 years); maximum 40 years under Level Sum Assured, subject to maximum age at maturity 75; under Increasing Sum Assured the maximum depends on age and Basic Sum Assured band
Minimum sum assured ₹50,00,000
Maximum sum assured Rs. 5,00,00,000* (above Rs 5 crore considered case to case as per Board Approved Underwriting Policy and reinsurer decision)

Plan

Plan options Option I: Level Sum Assured, Option II: Increasing Sum Assured
Premium payment Regular, Limited Premium of 10 years, Limited Premium of 15 years, Single Premium
Return of premium option No
Death benefit payout Lump sum, or Death Benefit in instalments over 5, 10 or 15 years (yearly/half-yearly/quarterly/monthly)

Premium

Sample annual premium ₹4,700
Sample premium is for Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure.

Insurer

Death claims settled (insurer) 97.59%
Claims figures for FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN 512N356V02

About the Digi Term (Plan 876)

LIC Digi Term (Plan 876) (IRDAI UIN 512N356V02) is a term life insurance plan for people aged 18 to 45 at entry, with cover up to age 75. It is one of 29 term life insurance plans on Comparezi, from LIC.

Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.

Eligibility and cover

  • Entry age: 18 to 45 years
  • Maximum maturity age: 75 years
  • Policy term: Minimum 15 years (Regular/Single/Limited Premium of 10 years) or 20 years (Limited Premium of 15 years); maximum 40 years under Level Sum Assured, subject to maximum age at maturity 75; under Increasing Sum Assured the maximum depends on age and Basic Sum Assured band
  • Minimum sum assured: ₹50,00,000
  • Maximum sum assured: Rs. 5,00,00,000* (above Rs 5 crore considered case to case as per Board Approved Underwriting Policy and reinsurer decision)

Plan options

  • Options: Option I: Level Sum Assured, Option II: Increasing Sum Assured
  • Premium payment: Regular, Limited Premium of 10 years, Limited Premium of 15 years, Single Premium
  • Return of premium: Not covered
  • Death benefit payout: Lump sum, or Death Benefit in instalments over 5, 10 or 15 years (yearly/half-yearly/quarterly/monthly)

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 23 have a longer one and 3 have the same.

Premium

It depends on your age, cover, city and options. LIC's own published premium table gives ₹4,700 a year for this profile: Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure. Your premium will differ; get a quote from the insurer.

About the insurer

LIC paid 97.59% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).

Similar plans from other insurers

Other term life insurance plans from LIC

Sources

Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.

Alternatives

Alternatives to the Digi Term (Plan 876)

All term life insurance →

Aditya Birla Sun Life

Super Term Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.65% Death claims settled (insurer)
Sample premium ₹19,400 a year*

Similar cover

Similar term life insurance plans

Head to head

Compare the Digi Term (Plan 876)

Questions

Digi Term (Plan 876) FAQs

It depends on your age, cover, city and options. LIC's own published premium table gives ₹4,700 a year for this profile: Option I (Level Sum Assured), Basic Sum Assured Rs 50 lakh, Non-Smoker, Male, Standard life, age 30 (last birthday), policy term 20 years, Regular annual premium; 'The above premiums are exclusive of taxes.' NOTE: Rs 50 lakh SA and 20-year term; the brochure gives no Rs 1 crore / 30-year figure. Your premium will differ; get a quote from the insurer.

512N356V02. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 45 years; limits can differ by plan option.

Up to age 75 at most; the limit can differ by plan option.

No. It is a pure term plan without a return-of-premium option.

97.59% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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