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LIC Tech Term Insurance Riders

14 reviews Rate This
Highlights
Claim Settlement Ratio98.62%
Customer Care8:00 AM to 8:00 PM
Death Benefit Paid For73,3809 Policies
Inception1956
Presence2048 Branches
Total Death Benefit Paid12797.85 Crore

LIC Tech Term Plan Rider

LIC Tech Term Plan offers the following rider:

  • LIC Accidental Death Benefit: Accidental Death Benefit rider under LIC Tech Term plan is optional. The rider allows the policyholders to increase their coverage under the plan. In case the rider is opted, the additional sum is paid to the nominees along with the assured death benefit in case of death of policyholder in an accident or due to an accident. It must be kept in mind that the benefits are available only if the policyholder opts regular or limited premium payment. On choosing the rider, the sum assured is paid in a lump sum and not in instalments.
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Key Inclusions and Exclusions of the Plan

What's Included

  • Death benefit
  • Accident benefit rider (optional)
  • Death benefit in installments (optional)
  • Two benefit options
  • Tax benefits

What's Not Included

  • Suicide within 12 months
  • Breach of law with criminal intent
  • Participation in any illegal or criminal act
  • Use of intoxicating drugs, alcohol, solvent, etc.
  • Treatment for injuries caused due to hunting, mountaineering, etc.

LIC Tech Term Plan Brochure

  • 369.86 KB
  • PDF Document
  • Aug 23, 2021
Download PDF

Tech Term Plan Reviews

4.7
Rating based on
14 User reviews
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What users are saying
  • All
  • Paper-free policy issuance

    I Bought the LIC Term Insurance- Tech Term Plan from InsuranceDekho. Must say that the process was very easy to follow and I was able to upload the documents on the portal rather than submitting the paperwork. I was highly impressed by the paper-free policy issuance offered by InsuranceDekho. It is a very great initiative taken by the team to provide a seamless experience for everybody. 

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    S
    By Sudha Madhuri
    On: Sep 04, 2023
  • Received the best guidance

    I had some queries related to my LIC Term Insurance- Tech Term Plan which I had purchased from InsuranceDekho. So I contacted the customer care number of InsuranceDekho to get my queries resolved, the customer care assistant listened to my queries and provided me with effective solutions. Thanks to InsuranceDekho for helping me clear my doubts. 

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    K
    By Khushi Trivedi
    On: Aug 29, 2023
  • Easy premium calculation

    While purchasing a term plan from InsuranceDekho I learnt about the online term insurance premium calculator from which I was able to estimate premiums for different term plans. After comparing several term insurance plans I purchased the LIC Term Insurance- Tech Term Plan from InsuranceDekho. The premium calculator was easy to use.

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    S
    By Shivam Sen
    On: Aug 25, 2023
  • Good customer service

    I was not able to purchase the LIC Term Insurance- Tech Term Plan from InsuranceDekho’s website. I called the helpdesk number of InsuranceDekho, and the customer service specialist helped me through every step and made it very easy for me to purchase the policy. 

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    R
    By Renu Mittal
    On: Aug 11, 2023
  • Time saver website

    All the term insurance policy services such as renewal, claim settlement process, policy issuance are time-saving on InsuranceDekho’s website. By following the instructions on the website it took me less than 5 minutes to purchase the LIC Term Insurance- Tech Term Plan

    Read More

    D
    By Debjeet Singh
    On: Aug 09, 2023
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FAQs on Tech Term Plan Health Insurance Plan

  • Can I buy LIC Tech Term Plan through offline mode?

    No! LIC Tech Term plan is available through ONLINE MODE ONLY.

  • Is it compulsory to buy riders under the LIC Tech Term Plan?

    No! It is not a compulsion to buy riders under the LIC Tech Term Plan. One can buy the Accident Benefit Rider based on their requirement by paying an extra premium. 

  • What is the grace period under the LIC Tech Term Plan?

    The grace period, in case of limited and regular premium policies is 30 days for payment of yearly or half yearly premiums from the date of first unpaid premium. 

  • Does LIC Tech Term Plan provide maturity benefit if the life assured survives the policy term?

    No! Maturity benefit is not payable under LIC Tech Term Plan if the life assured survives the end of the policy term.

  • Can I avail tax benefits on the premium paid for LIC Tech Term Plan?

    Yes! A policyholder is eligible for standard tax benefits on the returns of the plan.

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