LIC Tech Term Plan
- Online Application
- Rebate on High Sum Assured
- Lower Premium for Women
LIC's Tech Term plan is a non-linked, non-participating online, pure risk premium plan, that provides financial protection to the insured's family in case of the demise of the policyholder during the policy term. The plan was introduced by LIC of India to facilitate easy access to term plans for those looking to buy from the comfort of their homes. In addition to covering potential financial expenses of the insured's family, the Tech Term plan comes with additional benefits in the form of riders for enhanced coverage.
LIC Tech Term Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 80 years
Minimum term - 10 years Maximum term - 40 years
Base sum assured: Rs 50 lakhs to no limit.
The policy loan is not available under LIC Tech Term Plan.
Annual, half-yearly, quarterly & monthly
Let's understand how the LIC Tech Term Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that he can buy online, get rider benefits, and discounts.
His financial advisor advised him to buy the LIC Tech Term Policy. He visited PolicyX.com.
Let's understand how the LIC Tech Term Policy works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 9,135 | 20 years | 20 years | Rs 1,82,700 | Rs 1 crore |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.
Here are the benefits associated with the LIC Tech Term Plan
LIC Tech Term Plan No. 854 Details
Here is the list of exclusions associated with the plan:
LIC’s New Tech-Term is a pure risk premium life insurance plan. This online plan provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
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