LIC Yuva Term Plan 875 Calculator: Premium, Cover Options and Premium Chart

What is LIC Yuva Term Plan 875?

LIC Yuva Term (Plan 875, UIN 512N355V02) is a non-linked, non-participating pure term insurance plan. You pay a premium, and if you die during the policy term your nominee receives the cover amount. If you outlive the term, the policy simply ends. There is no maturity value and no bonus.

The name gives away the target buyer: yuva means young. Entry is open only up to age 45, and the minimum cover of ₹50 lakh is pitched at people who are starting a family, taking a home loan or have parents who depend on them. It is sold offline, through agents and branches, so you get help with forms and medicals. The same product sold online is LIC Digi Term 876.

Yuva Term 875 at a glance

Feature	Details
Plan number / UIN	875 / 512N355V02
Plan type	Non-linked, non-participating pure term
How to buy	Offline (agents, branches, intermediaries)
Entry age	18 to 45 years
Maturity age	Minimum 33, maximum 75
Policy term	15 to 40 years
Sum assured	₹50 lakh to ₹5 crore
Death benefit options	Level or increasing sum assured
Premium payment	Regular, limited (10 or 15 years) or single
Maturity benefit	None
Status	Available for new policies

Eligibility

Condition	Limit
Minimum entry age	18 years (last birthday)
Maximum entry age	45 years
Policy term	15 to 40 years
Age at end of term	33 to 75 years
Minimum basic sum assured	₹50,00,000
Maximum basic sum assured	₹5,00,00,000

Because the policy must end by age 75, a 45-year-old can choose at most a 30-year term. Higher covers usually need income proof and medical tests.

How the Yuva Term premium is calculated

The premium depends on five things: age, gender, smoking status, policy term and the payment option. Our calculator follows the sample premiums in LIC’s Yuva Term sales brochure: ₹50 lakh of cover for a male non-smoker, 20-year term, at ages 20, 30 and 40, for regular, limited (15 or 10 years) and single premium, level and increasing cover. For example, LIC quotes ₹5,950 a year at age 30 for level cover, and the calculator gives exactly that. Other ages and terms are scaled from these points. LIC’s high sum assured rebate then applies: for level cover and regular pay, 18% (age up to 30) or 16% (31–45) from ₹1 crore, 33% or 31% from ₹2 crore and 40% or 37% from ₹5 crore. Women (about 10% less) and smokers (about 20% more) are our estimates, since LIC publishes samples only for male non-smokers. See also New Tech Term 954.

Worked example. A 30-year-old non-smoking man chooses ₹1 crore of level cover for 30 years with regular yearly premiums:

• Yearly premium: about ₹12,645
• Total paid over 30 years: about ₹3,79,350
• Cover: ₹1 crore until age 60

The same cover costs a woman about ₹11,380 a year, and a male smoker about ₹15,174. Starting younger helps: at 25, a 35-year term with ₹1 crore costs about ₹12,437 a year and covers you to 60.

Yuva Term offers only yearly and half-yearly payment. Paying half-yearly, ₹50 lakh of cover for the same 30-year-old works out to about ₹3,932 every six months (LIC adds 2% for half-yearly mode).

Tip: term plan premiums are fixed for the whole term. Locking in a rate at 30 instead of 40 roughly halves the yearly cost for a 30-year term (about ₹12,645 against ₹25,471 in the chart above).

There is no GST on top of these figures. Term premiums carried 18% GST until 22 September 2025; they are now exempt.

Level or increasing cover?

• Level sum assured: the cover stays the same for the whole term. This is the cheaper option.
• Increasing sum assured: cover is flat for five years, then rises by 10% of the basic amount each year from year 6 to year 15, and stays at double the basic sum assured after that. It protects your family against inflation eating into a fixed amount.

For our 30-year-old, increasing cover starting at ₹1 crore and rising to ₹2 crore can run for at most 25 years at this age and cover, and costs about ₹16,838 a year, against ₹11,154 for level cover over the same 25 years. The calculator shows the cover for each policy year when you pick this option.

Premium payment options

Option	What you pay (age 30, ₹1 crore, 30 years)
Regular	about ₹12,645 a year for 30 years
Limited, 10 years	about ₹21,781 a year for 10 years
Single premium	about ₹1,50,043 once

Limited pay suits people who want to finish paying while their income is high. Regular pay costs the least in total if you are unlikely to die early, and it keeps money free for investing.

Death benefit

On death during the term, the nominee receives the sum assured on death:

• Regular or limited pay: the highest of 7 times the annualised premium, 105% of all premiums paid, or the cover amount for that year (basic or increased sum assured).
• Single premium: the higher of 125% of the single premium or the basic sum assured.

The claim can be taken as a lump sum or, if chosen, in instalments spread over a few years, which helps families who prefer a steady income to a large one-time amount.

Other features

• Lower rates for women and for non-smokers (verified by tests).
• Riders: LIC allows optional add-ons such as accident cover at an extra cost.
• No surrender value on regular-pay policies; limited and single-pay policies may acquire a small one, as is usual for term plans.
• Exclusion: if death is by suicide within 12 months, only a partial refund of premiums is paid, as per IRDAI rules.

Tax benefits

Premiums are deductible under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (up to ₹1.5 lakh a year, old tax regime). The death claim is fully exempt under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).

Who should buy Yuva Term 875?

It suits you if you:

• are between 18 and 45 and have dependants or loans;
• want a large cover for a small, fixed premium;
• prefer buying through an agent who handles medicals, forms and claims.

It is not a savings plan. If you want money back at the end, you are paying for something different; compare an endowment plan separately rather than mixing goals.

Yuva Term 875 vs Digi Term 876 and New Tech Term 954

Plan	How sold	Notes
Yuva Term 875	Offline	For ages 18–45, minimum ₹50 lakh
Digi Term 876	Online	Same structure, bought on LIC’s website
New Tech Term 954	Online	Wider age range and lower minimum cover

For the same 30-year-old, our Digi Term calculator gives about ₹9,988 a year for ₹1 crore over 30 years, about 21% less. LIC’s own brochures show the gap: ₹5,950 for Yuva Term against ₹4,700 for Digi Term at age 30, ₹50 lakh, 20 years. If you need loan cover that falls as you repay, see Yuva Credit Life 877.

How to use this calculator

1. Choose gender and smoking status.
2. Enter age and policy term. The calculator stops you from going past age 75.
3. Enter the sum assured (₹50 lakh upward).
4. Pick level or increasing cover and the payment type.
5. Choose the premium mode and read the premium, total premium paid and death cover.

All figures are estimates from an independent calculator. LIC’s final premium depends on medical underwriting and may differ. For a quick comparison across insurers’ structures, try our general term plan calculator.