LIC's New Tech-Term
₹0.00
LIC's New Tech-Term Plan (UIN: 512N351V01, Plan No. 954) is a non-linked, non-participating, pure risk premium life insurance policy designed to provide financial protection to your family in the event of your untimely demise.
🔑 Key Features
-
Policy Term: 10 to 40 years.economictimes.indiatimes.com+5licpremiumcalculator.org+5lic-policies.blogspot.com+5
-
Entry Age: 18 to 65 years.licindia.in+5loanoffice.in+5policybazaar.com+5
-
Maturity Age: Maximum of 80 years.licindia.in+3loanoffice.in+3licindia.in+3
-
Minimum Sum Assured: ₹50 lakh.economictimes.indiatimes.com+3lic-policies.blogspot.com+3loanoffice.in+3
-
Premium Payment Options: Single, Regular, or Limited Premium.licindia.in+9lic-policies.blogspot.com+9loanoffice.in+9
-
Premium Payment Modes: Yearly or Half-Yearly for Regular/Limited Premiums; Single Premium.policybazaar.com
-
Death Benefit Options:
-
Level Sum Assured: The death benefit remains constant throughout the policy term.
-
Increasing Sum Assured: The death benefit increases by 10% of the Basic Sum Assured each year from the 6th to the 15th policy year, potentially doubling the initial coverage. licindia.in+8loanoffice.in+8lic-policies.blogspot.com+8
-
💰 Premium Rates & Discounts
-
Premium Rates: Differ based on age, gender, smoking habits, and policy term.licpremiumcalculator.org+1loanoffice.in+1
-
Discounts:
-
Higher Sum Assured Rebates: Discounts for opting for higher coverage amounts.
-
Special rates for women and non-smokers. policybazaar.com+6loanoffice.in+6lic-policies.blogspot.com+6
-
🛡️ Optional Riders
-
Accidental Death Benefit Rider: Provides an additional sum assured in case of death due to an accident.licpremiumcalculator.org
-
Installment Option for Death Benefit: Allows the nominee to receive the death benefit in installments over 5, 10, or 15 years, instead of a lump sum. lic-policies.blogspot.com
✅ Eligibility Criteria
-
Residency: Resident Indians residing in India. NRIs can apply during their stay in India, subject to conditions.economictimes.indiatimes.com+1economictimes.indiatimes.com+1
-
Income: Minimum annual earned income of ₹3 lakh. Income from pension, rent, or interest is not considered.economictimes.indiatimes.com
-
Age at Entry: 18 to 65 years.economictimes.indiatimes.com+4loanoffice.in+4lic-policies.blogspot.com+4
-
Maximum Cover Term: 40 years or age 80, whichever is earlier.licpremiumcalculator.org+4policybazaar.com+4economictimes.indiatimes.com+4
-
Minimum Qualification: 12th standard pass or equivalent.
📝 Application Process
-
Online Application: Visit the official LIC website to apply online.
-
Medical Examination: Depending on age, sum assured, and health status, a medical examination may be required.economictimes.indiatimes.com+3loanoffice.in+3licpremiumcalculator.org+3
-
Free Look Period: 30 days from the policy issuance date to review and cancel the policy if unsatisfied.