LIC New Tech Term Plan — Complete Review 2026
By Vinodbhai Rohit · March 2026 · 8 min read
The Short Answer
LIC's Tech Term is a good, competitively priced term plan for anyone who wants LIC's trust + affordable premiums + flexibility. For most Vadodara families under 45, it is Vinodbhai's most recommended term plan.
What is LIC Tech Term?
LIC New Tech Term Plan (Table 854) is LIC's online-only term insurance plan. It offers pure life cover — your family receives the full sum assured tax-free if something happens to you. There is no maturity benefit (this is how premiums are kept low). It can be purchased directly on licindia.in or with Vinodbhai's assistance.
Key Features
- ✓Cover: ₹50 lakh to ₹5 crore (no upper limit for those who qualify medically)
- ✓Entry age: 18 to 65 years
- ✓Policy term: 10 to 40 years (up to age 80)
- ✓Payout options: Level sum assured (fixed) OR Increasing sum assured (increases 10% every 5 years) OR Monthly income option
- ✓Premium discount: Women get lower premiums. Non-smokers get lower premiums. Higher sum assured gets rebate.
- ✓Rider available: Accidental Death and Disability Benefit Rider (optional)
- ✓Tax benefit: Premium eligible for 80C deduction. Death benefit tax-free under 10(10D).
Approximate Premium Estimates
| Age | ₹50 Lakh Cover | ₹1 Crore Cover | ₹2 Crore Cover |
|---|---|---|---|
| Age 25 | ~₹370/mo | ~₹650/mo | ~₹1,200/mo |
| Age 30 | ~₹430/mo | ~₹750/mo | ~₹1,400/mo |
| Age 35 | ~₹550/mo | ~₹950/mo | ~₹1,800/mo |
| Age 40 | ~₹800/mo | ~₹1,400/mo | ~₹2,600/mo |
Premiums are indicative estimates for non-smoking males with standard health. Actual premium depends on your age, health history, smoker status, and cover amount. Get an exact quote from Vinodbhai — free.
Who Should Buy LIC Tech Term?
- ✓Salaried individuals aged 25–45 with dependents and/or a home loan
- ✓Anyone who wants LIC's trust + competitive premiums
- ✓Business owners who want maximum cover at minimum cost
- ✓Anyone who wants monthly income option for their family (unique feature)
- ✗Those who want returns/maturity benefit along with cover (consider Jeevan Anand instead)
Get Your Exact Premium Quote
Vinodbhai calculates your exact premium based on your age, health, and required cover — free, no pressure, same day.
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