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LIC — Term Assurance Plans
LIC's Bima Kavach (Plan 887)
Premium
₹30/Day
Sum Assured
₹5 Lakh - ₹25 Lakh
Term
5-20 Years
Premium Paying
Same as Policy Term
Key Features
Term insurance with Critical Illness cover
Lump sum payment on diagnosis of specified critical illnesses
Covers cancer, heart attack, stroke, and more
Affordable combined protection
Tax benefits under Section 80C & 80D
Available offline through agents
Benefits
Maturity Benefit
No maturity benefit
Death Benefit
Higher of 7x Annualized Premium or Sum Assured on Death + Critical Illness Benefit
Available Riders
Critical Illness RiderAccident Benefit Rider
Eligibility
Age: 18-65 years, Min SA ₹5 Lakh
Highlights
Term + Critical Illness combo - dual protection at affordable cost