PolicyBros.in
Term InsurancePlan 877NRI Eligible

LIC Yuva Credit Life

Protect your loans, coverage decreases as your loan balance reduces

What is LIC Yuva Credit Life?

LIC Yuva Credit Life (Plan 877) is a term insurance plan from Life Insurance Corporation of India. In simple terms: protect your loans, coverage decreases as your loan balance reduces.

Key Highlights

Coverage matches your loan, decreases as you repay
Single premium, no annual payments
Protects family from loan burden
Ideal for home loans, car loans, business loans

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₹40,900
30 yrs₹53,550
40 yrs₹1,03,450

VERIFIED from official LIC Sales Brochure. Decreasing term plan to cover loan liabilities. Single premium shown. Non-Smoker Male, PT 25, interest rate 8%. ₹50 lakh BSA. Death benefit decreases per Risk Cover Schedule.

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

₹10,710

Total Paid (25 yrs)

₹2,67,750

Death Benefit

₹10,00,000

No maturity benefit (pure protection)

Who is This Plan Best For?

loan protectionhome loancredit coverage

Frequently Asked Questions

What is LIC Yuva Credit Life (Plan 877)?

LIC Yuva Credit Life is a term insurance plan from Life Insurance Corporation of India. Protect your loans, coverage decreases as your loan balance reduces.

What is the eligibility age for LIC Yuva 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 Yuva Credit Life?

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

What are the tax benefits of LIC Yuva Credit Life?

Section 80C deduction on premium.

Is LIC Yuva Credit Life available for NRIs?

Yes. LIC Yuva 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 Yuva 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 Yuva Credit Life?

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