LIC Tech Term Plan: Know these 5 important things before investing in this insurance plan..

If you are looking for a reliable and affordable life insurance plan in 2025, then LIC's New Tech-Term Plan can be a great option for you. This is an online term insurance plan that provides high coverage at a low premium. The special thing is that it offers separate cheap rates for women and non-smokers. The payment options are also flexible, and applying can also be done through a completely digital process.

The special thing about this plan is that it is a non-linked and non-participating pure risk cover plan, in which only the risk is covered and there is no promise of return. Let us know which 5 things of this Tech-Term Plan of LIC are very important to understand.

1. High cover, low premium

LIC's Tech-Term Plan is an insurance option that provides good life cover at a low premium. This is good for those who want a strong security cover for their family at a low cost. This plan is more budget-friendly than many other insurance options.

2. Flexible payment option

In this plan, you can choose the mode of payment according to your convenience. If you want, pay a single premium or adopt a regular or limited premium payment mode. Apart from this, in this plan, you also get the option of taking benefits in installments, which can be very beneficial in terms of financial planning.

3. Special rate for women and non-smokers

This plan of LIC comes at a special rate for women and non-smokers. That is, if you follow a healthy lifestyle or are a woman, then you can get a cheaper cover in this plan. This makes this plan accessible and attractive to more people.

4. Option of accidental benefit rider

If you want, you can also add an accidental benefit rider to it for extra protection. By activating this rider, the family gets more financial help in case of an accident. For this, only a little extra premium has to be paid.

5. Online application process

It is very easy to apply for this plan online. You can buy it directly from the LIC website without any agent or third party. This also maintains transparency, and you do not need to rely on anyone in the process. However, if you want, you can also apply offline.

Who can take this plan?

The age of the applicant for this plan should be between 18 to 65 years. The policy term can be from 10 to 40 years, and the cover is given till the age of 80 years. The minimum sum assured is 50 lakhs. Payment can be made in annual or half-yearly mode.

Who can apply?

Salaried professionals who want better insurance at a lower cost
Women and non-smokers
All individuals aged 18–65
NRIs are also eligible for this plan, provided they meet LIC's underwriting criteria.
These documents will be required
Valid ID proof (such as Aadhaar, passport, etc)
Address proof
Latest photo
Income proof (ITR, salary slip, or Form 16)
Overall, LIC's Tech-Term plan is a sensible option for those who want long and reliable cover at a low premium. However, before investing in any plan, it is important to understand its terms and benefits thoroughly. It would be better if you visit the official website of LIC and get up-to-date information, and if needed, consult a financial advisor.

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