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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:

| PLAN DETAILS |
Tech Term Plan |
Saral Jeevan Bima |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Base sum assured: Rs 50 lakhs to no limit. | Basic Sum Assured: ₹50,000 to no limit. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 65 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Single pay, half-yearly, quarterly & monthly |
| Plan Policy loan | The policy loan is not available under LIC Tech Term Plan. | The policy loan is not available under HDFC Life Saral Jeevan Bima Plan. |
| Plan Sample Premium | Rs 580-/ per month | Rs 630/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 10 years Maximum term - 40 years | Minimum term - 10 years Maximum term - 50 years |
| Claim Settlement Ratio (2024-25) | 98.15% | 99.68% |
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LIC Tech Term Plan No. 854 Details HDFC Term Insurance Plans |
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
You can add the following riders to your HDFC Life Saral Jeevan Bima Plan:
Get additional income benefits over and above your sum assured in the event of total permanent disability due to an accident.
If the policyholder passes away due to an unfortunate accident during the rider term, 100% of the rider sum assured shall be payable.