LIC Term Assurance Rider (Plan No. UIN 512B209): Full Guide, Eligibility & Premium

Term Assurance Rider belongs to LIC's riders family. In one line: top up the death benefit cheaply

Eligibility at a glance — entry age 18 to 60 years; sum assured Up to the base sum assured; policy term Same as base plan. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Increases the total death benefit at term rates No maturity value for the rider portion Single documentation with the base policy Cost-effective way to raise cover Those are the contractual features; bonus or market-linked components, where they apply, are declared by LIC each year and are not guaranteed in advance.

Who it suits: Savings-plan holders whose cover is lower than their income replacement need. If that does not describe your situation, there is usually a better-fitting plan in the same family, and it costs nothing to ask.

Before you sign, run Term Assurance Rider through the premium calculator on this site with your own age, sum assured and term. Seeing the yearly outgo next to the projected maturity value is the fastest way to know whether the plan fits your cash flow — and the fastest way to spot a mis-sold recommendation.

Buying, servicing and claiming are three different jobs. We help with all three free of charge, including for policies you bought elsewhere, from our office at Fort, Mumbai and online across India.