No Spam
No
mis-selling
No pushy
sales
Tech Term Plan
580-/ per month
VS
Sbi Smart Shield Plus
645-/ per month
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 |
Sbi Smart Shield Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum maturity age- 100 years |
| Plan Sum Assured | Base sum assured: Rs 50 lakhs to no limit. | Base sum assured- Rs 25 lakhs to No limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 45 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Yearly |
| Plan Policy loan | The policy loan is not available under LIC Tech Term Plan. | Policy loan is not available |
| Plan Sample Premium | Rs 580-/ per month | Rs 645-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 10 years Maximum term - 40 years | Minimum policy term- 5 years to 79 minus entry age |
| Claim Settlement Ratio (2024-25) | 98.15% | 98.83% |
|
LIC Tech Term Plan No. 854 Details |
||
* 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 choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:
This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.
Consult for Personalized Insurance Advice
Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.
2862-1768461875.png)
4573-17437572564599-1745910534.png){kind=logo}
