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Term InsurancePlan 876NRI Eligible

LIC Digi Term

Digital-only term plan, buy online in minutes

What is LIC Digi Term?

LIC Digi Term (Plan 876, UIN 512N356V02) 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.

Premiums are paid through the policy term, in yearly, half-yearly, quarterly or monthly mode. If the policyholder dies during the term, the nominee receives: Sum Assured paid to nominee. There is no maturity or survival payout; the plan is pure protection.

It suits people looking for digital-savvy buyers, pure protection and quick purchase. NRIs can buy this plan too.

Key Highlights

100% online purchase, no agent required
Possibly the lowest premium LIC term plan
Up to age 45, designed for digital generation
Paperless, hassle-free

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured paid to nominee

When the Plan Matures (Maturity Benefit)

None, pure protection

Eligibility & Details

Minimum Entry Age18 years (completed)
Maximum Entry Age45 years
Minimum Sum Assured₹50,00,000
Policy Term10, 15, 20, 25, 30 years
Premium Paying Term10, 15, 20, 25, 30 years
Bonus Typenone
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums

Premium Rates (Indicative)

Age20 years
20 yrs₹3,600
30 yrs₹4,700
40 yrs₹9,400

VERIFIED from official LIC Sales Brochure (April 2025). Online-only plan. Premiums for Level SA, Regular Payment, Non-Smoker Male, ₹50 lakh BSA, 20-year policy term. Exclusive of taxes. Special rates for women. No maturity benefit, no surrender value, no loan.

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, 20-year term:

Annual Premium

₹940

Total Paid (20 yrs)

₹18,800

Death Benefit

₹10,00,000

No maturity benefit (pure protection)

Who is This Plan Best For?

digital-savvy buyerspure protectionquick purchase

Frequently Asked Questions

What is LIC Digi Term (Plan 876)?

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

What is the eligibility age for LIC Digi Term?

Entry age is between 18 and 45 years. Policy term: 10 to 30 years. Premium paying term: 10 to 30 years.

What is the minimum sum assured for LIC Digi Term?

Minimum sum assured is ₹50,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Digi Term?

Section 80C deduction on premiums.

Is LIC Digi Term available for NRIs?

Yes. LIC Digi Term 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 Term?

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 Term?

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