LIC New Tech Term
Affordable pure life cover, your family gets the money if you're not around
What is LIC New Tech Term?
LIC New Tech Term (Plan 954, UIN 512N351V02) is a pure term insurance plan from Life Insurance Corporation of India. It is a non-participating pure risk plan: there are no bonuses and no share in LIC's surplus, which is exactly why the premium stays low for the cover it buys.
Premiums are paid through the policy term, in yearly, half-yearly, quarterly or monthly mode. If the policyholder dies during the term, the nominee receives: Sum Assured paid to nominee (lump sum or monthly income option). There is no maturity or survival payout; the plan is pure protection.
It suits people looking for pure protection, family security and affordable cover. NRIs can buy this plan too.
Key Highlights
Benefits Explained Simply
Eligibility & Details
Tax Benefits
- Section 80C deduction on premiums
Premium Rates (Indicative)
GRID APPROXIMATE, metadata VERIFIED from official LIC Sales Brochure (512N351V02). Pure term plan, no maturity benefit. Min BSA ₹50 lakh; two options (Level / Increasing SA); Non-Smoker vs Smoker rates (Urinary Cotinine test); Regular / Limited (PT-5 or PT-10) / Single premium. Modal loading: Yearly Nil, Half-Yearly 2% of tabular; no quarterly/monthly mode. High-SA rebate is a % of tabular premium by age band x SA band (Level, <=30: Nil / 13% / 22%; 31-50: Nil / 11% / 17%; 51+: Nil / 6% / 9%; Increasing option is 2-3 points lower). Brochure samples (₹1 Crore, non-smoker male, Level, PT 20): Regular annual age 20/30/40 = 7,047 / 9,135 / 17,889. Full age x term tabular grid pending the NB rate chart; the rates below remain approximate placeholders for ₹50 lakh until that chart is loaded.
Source: LIC Official Sales Brochure | Data last verified: 4 July 2026
Note: These are approximate rates pending verification from the official brochure.
Who is This Plan Best For?
Frequently Asked Questions
The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.