LIC Tech Term Plan

LIC's Tech Term plan is a non-linked, non-participating online, pure risk premiu ...Read More

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Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

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Raj Kumar

Health Insurance

Raj Kumar has more than a decade of experience in driving product knowledge and sales in the health insurance sector. His data-focused approach towards business planning, manpower management, and strategic decision-making has elevated insurance awareness within and beyond our organisation.

Updated on Jul 29, 2025 4 min read

LIC Tech Term Plan

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:

why-choose
  • Flexible Premium Payment Terms
  • Tax Benefit
  • Death Benefit Payout
  • Additional riders to choose from
  • Death benefits
  • Rebates on High Sum Assured

Eligibility Criteria for LIC Tech Term Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 80 years

Your Gender

Policy term

Minimum term - 10 years Maximum term - 40 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 50 lakhs to no limit.

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under LIC Tech Term Plan.

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does LIC Tech Term Policy Work?

Let's understand how the LIC Tech Term Policy works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a simple and affordable term plan that he can buy online, get rider benefits, and discounts. 

Solution

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.

Benefits of LIC Tech Term Plan

Here are the benefits associated with the LIC Tech Term Plan

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Features of LIC Tech Term Plan

Flexibility to choose benefit option

The policyholders have the flexibility to choose from two benefit options: Level Sum Assured and Increasing Sum Assured.

High Sum Assured Rebate

LIC Tech Term Plan offers discounts/ rebates to the policyholders on choosing high sum assured.

Choice of policy term

LIC Tech Term Plan offers you the option to choose the policy tenure.

Lower premiums for females

LIC Tech Term Plan offers lower premium rates for their female policyholders.

Exclusions of LIC Tech Term Plan

Here is the list of exclusions associated with the plan:

  • Death occurred due to a pandemic is not covered by the company.
  • Death caused due to any type of adventure sports.
  • Death by consumption of any type of drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Either premiums paid to date or the surrender value of the policy whichever is higher is paid to them.

Conclusion

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.

Explore more about LIC Term Insurance

LIC Term Plan Calculator

LIC Term Plan Calculator

Explore other LIC Term Insurance

LIC Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with LIC Term Insurance plans. Below is the list of term plans offered by LIC Term.

LIC Tech Term Plan

LIC Tech Term Plan

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 ...

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women

LIC Tech Term Plan (Pros)

LIC Tech Term Plan
  • Choose from two benefit options
  • Opt for payment of benefit in installments
  • Special rates for women

LIC Tech Term Plan (Cons)

LIC Tech Term Plan
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Tech Term Plan (Other Benefits)

LIC Tech Term Plan
  • High sum assured rebate
  • Choose your policy term
  • Enhance your protection with riders

LIC Tech Term Plan (Eligibility Criteria)

LIC Tech Term Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 50 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

LIC Jeevan Amar

LIC Jeevan Amar

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeeva...

Unique Features

  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider

LIC Jeevan Amar (Pros)

LIC Jeevan Amar
  • Choose your policy term
  • Flexibility to choose from two benefit
  • Special rates for women

LIC Jeevan Amar (Cons)

LIC Jeevan Amar
  • No maturity benefits
  • No survival benefits
  • No policy loan

LIC Jeevan Amar (Other Benefits)

LIC Jeevan Amar
  • High sum assured rebate
  • Choose the riders of your choice
  • Attractive premium rates for non-smokers

LIC Jeevan Amar (Eligibility Criteria)

LIC Jeevan Amar
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - 25 lakhs
  • Max maturity age - 80 years
  • PPT - RP/SP/LP

FAQs: LIC Tech Term Plan

1. How can I check my LIC Tech Term policy status online?

By simply going on to the official website of LIC India using your LIC login credentials, you will be able to check your LIC policy status, including data of the LIC premium payment online, accumulated bonuses, etc.

2. Does the LIC Tech Term plan allow me to avail loan facility?

No, the plan does not offer any loan facility.

3. Is the premium of LIC Tech Term different for men & women?

Yes, the plan offers special premium rates for the women policyholders. The plan also offers a significant discount on the premiums for both men & women if the sum assured chosen is Rs. 1 Crore or above.

4. I forgot to pay my premium for this month? Will my LIC Tech Term policy get cancelled?

If you forget to pay your premium, the firm will provide you a grace period of 30 days during which you can pay it. You should be aware that if you do not pay your premiums during the grace period, your insurance will lapse. A lapsed policy can be resurrected after 5 years from the date of the first unpaid premium.

5. How can I calculate LIC Tech Term Premium online?

The company offers an online premium calculation tool through which you can calculate your premiums in a minute.

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.

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