LIC closed its earlier Tech Term Plan and launched its new version as LIC New Tech Term Plan Plan No.954 (effective from 23rd November 2022). What are the differences between the old Tech Term Plan and to New Tech Term Plan in terms of premium, benefits, and eligibility?
LIC’s New Tech-Term is a Non-Linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan. This Online plan provides financial protection to the insured’s family in case of his/her unfortunate death during the policy term. This plan shall be available Online only directly through the website.
Key Features of LIC New Tech Term Plan are as below –
- Flexibility to choose from two benefit options: Level Sum Assured and Increasing Sum Assured.
- Flexibility to Choose from Single Premium, Regular Premium and Limited Premium Payment.
- Choose the Policy Term/Premium Paying Term.
- Opt for payment of benefit in installments.
- Special rates for women.
- Benefit of high sum…
