Choose between Level Sum Assured and Increasing Sum Assured

Please select the type of sum assured option:

Flexible Premium Options

You can choose from the following premium payment options:

Policy Term and Benefits

The policy term is flexible, ranging from 10 to 40 years. You have the option to receive benefits in instalments.

Benefits include:

• Sum Assured payable on death
• Option to receive benefits in instalments instead of lump sum

Plan Details

LIC’s NEW TECH-TERM plan is a Non-Linked, Non-Participating, Pure Risk Premium Plan which provides financial protection to the insured's family in case of his/her unfortunate death during the policy term. This plan is available through both online and offline channels.

Features

• Flexible premium payment options: Regular Premium, Limited Premium, and Single Premium.
• Special rates for female lives and non-smokers.
• Policy can be purchased online or offline.
• Option to choose Sum Assured at Maturity.
• Rebates for large sum assured.

Benefits

• Death Benefit: Sum Assured payable on death.
• Maturity Benefit: No maturity benefit as this is a pure term plan.
• Rider Benefits: Accidental Death Benefit Rider, Accident Benefit Rider, etc.

Eligibility

• Minimum age at entry: 18 years (completed)
• Maximum age at entry: 65 years (nearest birthday)
• Maximum age at maturity: 80 years (nearest birthday)
• Minimum Basic Sum Assured: Rs. 50,00,000
• Policy Term: 10 to 40 years

FAQs

Documents Required

Please keep the following documents ready for upload before proceeding