Digi-Term in one table
| Insurer | Life Insurance Corporation of India |
|---|---|
| Sum insured | ₹50 lakh to ₹5 crore. Cover above ₹5 crore is not a listed option and is referred to underwriting. |
| Entry age | 18 to 45 years (last birthday) |
| Cover runs to | 33 to 75 years (last birthday) |
Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.
What Digi-Term does, and what it does not
Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark – it is what it pays for and what it leaves out. Both lists come from LIC's own documents.
Which variant should you take?
This plan is sold in more than one form, and the choice is made once at purchase. Picking the wrong one is not something you can quietly correct later, so it is worth a minute now.
Cover equals the basic sum assured and stays flat for the whole term. Maximum policy term of 40 years, subject to the maturity age cap.
Cover holds flat for the first five years, then rises each year until it reaches twice the original sum assured. Costs more, and the maximum term is restricted by age and sum assured band.
Digi-Term exclusions: what the plan will not pay for
Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.
Where Digi-Term falls short
No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.
Digi-Term questions, answered
How much cover does Digi-Term offer?
₹50 lakh to ₹5 crore. Cover above ₹5 crore is not a listed option and is referred to underwriting.
Who can buy Digi-Term?
Entry to Digi-Term runs from 18 to 45 years. Cover can run to age 75, which is the maximum maturity age on this plan. What you are actually offered still depends on your income, health and any cover you already hold.
What does Digi-Term not cover?
Like every term plan, Digi-Term excludes suicide within 12 months of the date of commencement of risk, or of revival – 80% of the total premiums paid is returned and nothing more. Taxes, extra premium and rider premiums are excluded from that calculation. Other exclusions are listed on this page, and the policy wording you are issued is the contract.
Read it from the insurer
We summarise. The policy wording is the contract, and it is the only document that settles a dispute. These links go to the insurer's own pages.
Understand the terms before you commit
A plan page tells you what this policy does. These explain why each term matters and what it costs you when it is missing.
Other LIC plans we have read
LIC files these separately, and the terms differ between them. If you are choosing within the range, compare the waiting periods and the exclusions rather than the sum insured.