LIC Yuva Credit Life Plan 877 Calculator

December 8, 2025 • 5 min read • lic calculator

LIC Yuva Credit Life Plan 877 Calculator Dekho

The LIC Yuva Credit Life Plan 877 Calculator helps you easily estimate the premium needed to secure your loan liabilities. By entering simple details like loan amount, tenure, and age, you can quickly get an idea of your insurance cost. It’s a smart and easy way to protect your family from financial burden in case of any uncertainty.

LIC’s Yuva Credit Life Plan (877)

Plan No. 877 (UIN: 512N357V01) – Secure Your Loan Obligations

Min: 18, Max: 45 years (last birthday)
Women get preferential rates (age setback)
Non-smokers enjoy lower premium rates
Min: ₹50 Lakh (₹20 Lakh for age 21-45). Auto-adjusts to valid multiples
Range: 5 to 30 years (maturity age ≤ 75)
Rate used for decreasing cover schedule calculation
Pay once or over limited period
🏦 Credit Life Insurance Plan: LIC’s Yuva Credit Life Plan 877 is a specialized decreasing term insurance designed to protect your family from loan burden in case of unfortunate death. The coverage amount reduces each year according to your loan repayment schedule. All calculations are approximate estimates based on sample rates from LIC brochure for 25-year term with 8% loan interest. Actual premiums depend on complete underwriting, your health profile, and LIC evaluation. GST shown is 18% (subject to change). Smoker premium includes estimated 25% loading. This calculator uses interpolation/adjustment for terms and interest rates not in sample data. Always verify with LIC agent for exact quotes.

PREMIUM ESTIMATE (Age: 30, Male, Non-Smoker, Loan: ₹50,00,000, Term: 25 yrs, LIR: 8%, PPT: Single)

Select your preferred payment option below to see complete premium breakdown:

GST Information: All premiums include 18% GST (assumed rate). Base premiums are exclusive of GST. Actual GST rate is as per government regulations and may change.

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DEATH BENEFIT DETAILS (Decreasing Cover)

🔻 Decreasing Sum Assured Protection

The Sum Assured on Death (SAD) decreases every year based on your loan repayment schedule. The coverage amount is calculated using your initial loan amount, policy term, and the loan interest rate selected for the Risk Cover Schedule.

Important: The SAD calculated here might be higher or lower than your actual outstanding loan amount at any point, as it follows a mathematical formula rather than your actual loan EMIs.

“Sum Assured on Death” Definition:
For Limited Premium: Higher of (a) 105% of Total Premiums Paid till death date, or (b) Absolute Amount Assured as per Risk Cover Schedule for that policy year.
For Single Premium: Absolute Amount Assured as per Risk Cover Schedule for that policy year only.

View Year-Wise Risk Cover Schedule

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Policy Year Sum Assured on Death (₹)

Above schedule is illustrative, based on selected loan interest rate, not your actual loan repayment. Actual SAD as per policy document.

Maturity Benefit: This is a pure term insurance plan. On survival to the end of policy term, NO maturity benefit is payable. The policy simply terminates. This plan provides only life cover designed for loan protection.

Plan Summary & Key Features

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Key Features:

  • Non-Participating, Non-Linked, Pure Decreasing Term Assurance Plan
  • Specifically designed to secure loan liabilities and protect your family
  • Purchased offline through LIC agents, Corporate agents, Brokers, etc.
  • Decreasing coverage that aligns approximately with loan repayment schedule
  • Choice of Loan Interest Rate (6% to 12%) for preparing Risk Cover Schedule
  • Flexible premium payment: Single Premium or Limited Premium (5, 10, or 15 years)
  • Special preferential rates for women (3 years age setback benefit)
  • Attractive High Sum Assured Rebates for larger loan amounts
  • Separate premium rate categories for Non-Smoker and Smoker

Eligibility Conditions:

  • Minimum Entry Age: 18 years (last birthday)
  • Maximum Entry Age: 45 years (last birthday)
  • Minimum Maturity Age: 23 years (last birthday)
  • Maximum Maturity Age: 75 years (last birthday)
  • Policy Term: 5 to 30 years
  • Premium Paying Term (Limited):
    • Policy Term 5-14 years: PPT is 5 Years
    • Policy Term 15-24 years: PPT is 10 Years
    • Policy Term 25-30 years: PPT is 15 Years
  • Minimum Basic Sum Assured: ₹50,00,000 (Relaxation to ₹20,00,000 for ages 21-45 for specific loans)
  • Premium Payment Modes (Limited PPT): Yearly, Half-Yearly
  • Minimum Modal Premium: ₹3,000 (Limited); ₹13,000 (Single Premium) for SA ≥ ₹50L

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LIC Yuva Credit Life Plan 877 Calculator – Secure Your Loan Liabilities (UIN 512N357V01)

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