PolicyBros.in
Term InsurancePlan 878NRI Eligible

LIC Digi Credit Life

Digital-only loan protection, buy online in minutes

What is LIC Digi Credit Life?

LIC Digi Credit Life (Plan 878, UIN 512N358V01) is a pure term insurance plan from Life Insurance Corporation of India. It is a non-participating pure risk plan: there are no bonuses and no share in LIC's surplus, which is exactly why the premium stays low for the cover it buys.

You pay the entire premium once at purchase, with nothing more to pay after that. If the policyholder dies during the term, the nominee receives: Decreasing sum assured matching loan balance. There is no maturity or survival payout; the plan is pure protection.

It suits people looking for loan protection, digital purchase and quick coverage. NRIs can buy this plan too.

Key Highlights

100% online purchase
Covers home loans, car loans, personal loans
Single premium, pay once
Digital convenience with LIC trust

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Decreasing sum assured matching loan balance

When the Plan Matures (Maturity Benefit)

None, pure protection

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age65 years
Minimum Sum Assured₹25,00,000
Policy Term5, 7, 10, 12, 15, 20 years
Premium Paying TermSingle premium
Bonus Typenone
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premium

Premium Rates (Indicative)

Age25 years
20 yrs₹34,550
30 yrs₹45,600
40 yrs₹88,750

VERIFIED from official LIC Sales Brochure. Online only. Decreasing term plan. Single premium shown. Non-Smoker Male, PT 25, interest rate 8%. ₹50 lakh BSA.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

If a 30-year-old buys this plan with ₹10 lakh sum assured, 25-year term:

Annual Premium

₹9,120

Total Paid (25 yrs)

₹2,28,000

Death Benefit

₹10,00,000

No maturity benefit (pure protection)

Who is This Plan Best For?

loan protectiondigital purchasequick coverage

Frequently Asked Questions

What is LIC Digi Credit Life (Plan 878)?

LIC Digi Credit Life is a term insurance plan from Life Insurance Corporation of India. Digital-only loan protection, buy online in minutes.

What is the eligibility age for LIC Digi Credit Life?

Entry age is between 18 and 65 years. Policy term: 5 to 20 years. Premium paying term: Single premium.

What is the minimum sum assured for LIC Digi Credit Life?

Minimum sum assured is ₹25,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Digi Credit Life?

Section 80C deduction on premium.

Is LIC Digi Credit Life available for NRIs?

Yes. LIC Digi Credit Life is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Digi Credit Life?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

Interested in Digi Credit Life?

Get a free consultation and exact premium quote for your age and needs.

View on LIC Official Site

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