Skip to main content

LIC’s Digi Term 876





LIC’s Digi Term Plan 876: Complete Guide, Benefits, Features & Eligibility (2026)

Life insurance is an essential part of financial planning, especially for individuals who want to secure their family’s future against uncertainties. LIC’s Digi Term Plan 876 is a modern, pure term insurance policy offered by the Life Insurance Corporation of India (LIC) that provides high life cover at affordable premiums through a completely digital process.

In this article, we will explain LIC Digi Term 876 in detail, including its features, benefits, eligibility, premium payment options, and why it is one of the best term insurance plans in India.

What is LIC’s Digi Term Plan 876?

LIC Digi Term Plan 876 is a non-linked, non-participating, pure risk term insurance plan. It is designed for individuals who prefer a paperless, online policy purchase with minimal documentation.

The plan provides financial protection to the nominee in case of the policyholder’s untimely death during the policy term. Since it is a pure term plan, no maturity benefit is paid if the policyholder survives the policy term.

Key Features of LIC Digi Term Plan 876

Here are the main features that make LIC Digi Term Plan 876 a popular choice:

1. Fully Digital Process

  • Online proposal and policy issuance
  • No physical paperwork
  • Faster approval compared to offline plans

2. High Sum Assured

  • Allows policyholders to opt for a high life cover
  • Suitable for salaried professionals, self-employed individuals, and business owners

3. Affordable Premiums

  • Lower premiums compared to traditional offline term plans
  • Cost-effective protection for long-term financial security

4. Flexible Policy Term

  • Option to choose policy duration based on personal needs
  • Long-term coverage ensures family protection for years

5. Trusted LIC Brand

  • LIC is India’s most trusted life insurance company
  • Strong claim settlement history

Benefits of LIC Digi Term Plan 876

Financial Security for Family

In case of the policyholder’s death during the policy term, the nominee receives the death benefit, which helps cover:

  • Daily household expenses
  • Children’s education
  • Home loans and other liabilities

Peace of Mind

Knowing that your family will remain financially secure even in your absence provides mental peace and confidence.

Tax Benefits

Premiums paid under LIC Digi Term Plan 876 are eligible for:

  • Tax deduction under Section 80C
  • Death benefit is tax-free under Section 10(10D) as per prevailing income tax laws

Eligibility Criteria for LIC Digi Term Plan 876

Before applying, it is important to understand the eligibility conditions:

Criteria

Details

Minimum Entry Age

As per LIC guidelines

Maximum Entry Age

Subject to policy terms

Policy Term

Flexible

Premium Payment Term

Regular payment

Mode of Purchase

Online only

Eligibility conditions may vary, so applicants should check official LIC guidelines before applying.

Premium Payment Options

LIC Digi Term Plan 876 offers flexible premium payment frequencies:

  • Yearly
  • Half-Yearly
  • Quarterly
  • Monthly (if available)

Premium amount depends on:

  • Age
  • Sum Assured
  • Policy Term
  • Health condition

Why Choose LIC Digi Term Plan 876?

Choosing the right term insurance plan is crucial. LIC Digi Term Plan 876 stands out because:

  • Online convenience with LIC reliability
  • Affordable premiums for high coverage
  • Simple structure with transparent benefits
  • Ideal for first-time insurance buyers

Who Should Buy LIC Digi Term Plan 876?

This plan is suitable for:

  • Young professionals starting their careers
  • Married individuals with family responsibilities
  • Parents planning long-term financial protection
  • Individuals looking for a low-cost, high-cover term plan

Important Points to Remember

  • This is a pure protection plan, not an investment product
  • No maturity or survival benefits
  • Accurate health and income details must be provided while applying
  • Policy terms should be reviewed carefully before purchase

Frequently Asked Questions (FAQs)

Is LIC Digi Term Plan 876 a good plan?

Yes, it is a reliable and cost-effective term insurance plan backed by LIC’s strong reputation.

Can I buy LIC Digi Term Plan 876 offline?

No, this plan is designed for online purchase only.

Is maturity benefit available?

No, as it is a pure term plan, no amount is paid on survival.

Final Thoughts

LIC’s Digi Term Plan 876 is an excellent choice for individuals seeking simple, affordable, and reliable life insurance coverage through a digital platform. With LIC’s trust, competitive premiums, and straightforward benefits, this plan ensures long-term financial protection for your loved ones.

Before purchasing, always assess your financial needs, liabilities, and future goals to select the appropriate sum assured and policy term.

 


Labels:

Comments

Post a Comment

Popular posts from this blog

LIC's Jeevan Utsav new 771

LIC’s Jeevan Utsav (New Plan 771): Complete Guide, Benefits, Eligibility, Returns & Premium Details Life Insurance Corporation of India (LIC) has always been a trusted name in the Indian insurance sector. Over the decades, LIC has launched several innovative insurance plans designed to meet the changing financial needs of Indian families. One such recent addition is LIC’s Jeevan Utsav – New Plan 771 , a non-linked, non-participating, individual, savings, and whole life insurance plan . LIC Jeevan Utsav is designed for individuals who are looking for long-term financial security, guaranteed income, and life-long protection . This plan offers a unique combination of limited premium payment and guaranteed annual payouts , making it attractive for salaried individuals, business owners, and those planning for retirement. In this detailed article, we will cover everything you need to know about LIC Jeevan Utsav New Plan 771 , including features, benefits, eligibility, premiu...
Post a Comment
Read more

LIC's Single Premium Endowment Plan 717

LIC’s Single Premium Endowment Plan 717: Complete Guide, Benefits, Features & Returns LIC’s Single Premium Endowment Plan 717 is a popular life insurance savings plan offered by the Life Insurance Corporation of India (LIC) . This plan is designed for individuals who want life cover and savings benefits with a one-time premium payment . In this article, we will explain the plan in simple language, covering features, benefits, eligibility, maturity benefits, and whether it is suitable for you. What is LIC’s Single Premium Endowment Plan 717? LIC’s Single Premium Endowment Plan (Plan No. 717) is a non-linked, non-participating life insurance policy . Under this plan, the policyholder pays the entire premium in one lump sum , and LIC provides life insurance coverage along with guaranteed maturity benefits . This plan is ideal for people who have a lump sum amount available and want safe, long-term financial planning with insurance protection. Key Features of LIC Single Premium Endowm...
Post a Comment
Read more

LIC's Jeevan Umang 745

LIC’s Single Premium Endowment Plan 717: Complete Guide, Benefits, Features & Returns LIC’s Single Premium Endowment Plan 717 is a popular life insurance savings plan offered by the Life Insurance Corporation of India (LIC) . This plan is designed for individuals who want life cover and savings benefits with a one-time premium payment . In this article, we will explain the plan in simple language, covering features, benefits, eligibility, maturity benefits, and whether it is suitable for you. What is LIC’s Single Premium Endowment Plan 717? LIC’s Single Premium Endowment Plan (Plan No. 717) is a non-linked, non-participating life insurance policy . Under this plan, the policyholder pays the entire premium in one lump sum , and LIC provides life insurance coverage along with guaranteed maturity benefits . This plan is ideal for people who have a lump sum amount available and want safe, long-term financial planning with insurance protection. Key Features of LIC Sin...
Post a Comment
Read more