LIC LIC's Yuva Credit Life (Plan No. 877): Full Guide, Eligibility & Premium

LIC's Yuva Credit Life belongs to LIC's term assurance plans family. In one line: cover that reduces with your loan

Eligibility at a glance — entry age 18 to 45 years; sum assured ₹50,00,000 and above; policy term 5 to 30 years. Anything outside those bands will simply not be issued, so check them before you plan the premium.

What the plan actually gives you: Sum assured reduces in line with the loan schedule Lower premium than level term for the same starting cover Moratorium period option No maturity benefit 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: Borrowers who want the family to inherit the asset, not the EMI. 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 LIC's Yuva Credit Life 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.