LIC Tech Term
Calculator Pro
An online only pure term insurance plan providing high life cover at very low premiums. Use our LIC Calculator below to get instant premium and maturity estimates for 2026.
LIC Tech Term Tool
Plan No. 854 • 2026 Rates
Key Features of
LIC Tech Term
Pure Protection: No maturity money, but high death cover.
Online Only: Lower rates due to direct purchase.
Non-Smoker Rates: Significant discounts for non-smokers.
Level/Increasing SA: Choose if your cover should grow.
Eligibility Criteria
Why choose LIC Tech Term?
Maturity Benefit
No maturity benefit (Pure term plan).
Death Benefit
Full Sum Assured paid to nominee.
Tax Savings
Premiums qualify for 80C deduction.
Example Calculation
Let's see how LIC Tech Term works for a 30-year old individual choosing a Sum Assured of ₹5,00,000 for 25 years.
Annual Premium
₹23,450 (Approx)
Total Premium Paid
₹3,75,200
Accrued Bonus
₹5,25,000
Total Maturity
₹10,50,000*
*Values are estimates based on current bonus rates and vary by plan details.
Plan Advantages
- Guaranteed returns in some variants
- High life cover with low premiums
- Tax benefits under 80C and 10(10D)
- Loan facility for emergencies
Things to Consider
- -Long lock-in period for maximum returns
- -Lower liquidity compared to mutual funds
- -Early surrender may lead to losses
- -Returns depend on LIC's yearly performance
Frequently Asked Questions
What is the minimum age for LIC Tech Term?
The minimum age to enter LIC Tech Term is 18 Years.
Can I take a loan against this policy?
Yes, you can take a loan after 2 years of premium payment.
Is the maturity amount tax-free?
Yes, maturity is generally tax-free under Section 10(10D) if premiums are within limits.
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