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Pure Protection Term PlanOfficial Table: Plan 854

LIC Tech Term

High Risk Cover at Affordable Premiums for Family Financial Security

A pure protection online term assurance plan that provides financial support to the family in case of unfortunate death of the policyholder.

Who Should Consider This Plan?

Breadwinners, young professionals, and home loan borrowers seeking maximum life cover at lowest cost.

Key Benefits & Protection Advantages

High sum assured coverage at economical premium rates.
Option to select Level Sum Assured or Increasing Sum Assured (increases 10% per year from 6th year).
Benefit payout options: Lump sum payout or installment payout over 5 years.
Special lower premium rates for non-smokers and female lives.
Accident Rider option available.

Eligibility & Policy Limits

Eligibility ParameterOfficial Rule / Limit
Minimum Entry Age18 Years (Completed)
Maximum Entry Age65 Years (Last Birthday)
Maximum Cover Age80 Years
Minimum Sum Assured₹50,00,000

Sample Payout Illustration

Illustrative Example
Assumed Entry Age30 Years
Chosen Policy Term30 Years
Basic Sum Assured₹1,00,00,000 (1 Crore)
Approx Annual Premium₹11,200 (Non-smoker, approx)
Estimated Payout / Benefit at Maturity:

N/A (Pure Term Insurance)

Frequently Asked Questions about LIC Tech Term

Q1:Is there any maturity amount returned if I survive the term?

Tech Term is a pure term assurance plan designed for maximum protection at minimum cost. It does not carry a maturity cash payout unless death occurs during the policy term.

Regulatory & Statutory Disclaimer:

Information provided on this consultancy website is for general awareness, policy comparison, and educational purposes. Plan features, bonus additions, eligibility terms, and premiums are governed by official Life Insurance Corporation of India (LIC) product prospectuses and sales brochures. This is an independent insurance agent consultancy website and does not claim to be the official corporate web portal of LIC of India. Policyholders are advised to read official policy documents carefully before finalizing insurance contracts.

Direct Consultation

Request Quote & Brochure

Get an official premium calculation table for LIC Tech Term directly from Senior Advisor Satrughan Thakur.

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