LIC LIC's Digi Credit Life (Plan No. 878): Full Guide, Eligibility & Premium

LIC's Digi Credit Life belongs to LIC's term assurance plans family. In one line: online loan protection cover

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: Digital purchase journey Decreasing cover aligned to the loan Option to include a moratorium period Pure risk plan with no maturity value 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: Home loan borrowers who want cover arranged quickly online. 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 Digi 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.