How to Buy LIC Tech Term Plan 854 Online

LIC tech term plan, or commonly called Plan 854 is a term insurance plan offered by Life Insurance Corporation of India (LIC). The plan can only be purchased through an online mode and it is not available offline. LIC Tech term plan is pocket-friendly in comparison to other term insurance plans offered by LIC. If you are thinking to purchase a term insurance plan, the LIC tech term plan is a smart insurance product to consider.

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Let’s understand the plan details and buying process:

Note: Know what is term insurance first and then buy a term plan for your loved ones.

LIC Tech Term Plan

LIC Tech term plan is an online, non-linked, and non-participating pure risk protection plan. It provides financial security to the policyholder’s family in case of his/her untimely demise during the plan term. The plan is available through the online process only. You can buy a LIC Tech term plan anytime anywhere as per your convenience using a hassle-free way. Following are the some of the useful features of LIC Tech Term Plan 854:

The plan provides you the option to choose from the benefit available –

Level sum assured and,
Increasing sum assured

Special premium rates are offered by LIC for women
Offers attractive rebates on high sum assured
Flexibility to choose from single, regular, limited premium payments
You can select premium payment term/policy term as per your choice
Option to opt for accidental benefit rider that enhances your coverage by paying an additional premium amount.
You can choose the payment of benefits in portions or installments

Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying the plan.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Who Can Buy LIC Tech Term Plan 854 Online?

The LIC Tech Term Plan 854 can only be bought by Indian citizens. Individuals of Indian origin and Overseas Indian Citizens are not eligible for this policy. NRIs can buy the LIC Tech plan through their time spent in India.

Eligibility to Buy LIC Tech Term Plan 854 Online?

Entry Age	Minimum: 18 Years Maximum: 65 Years
Maturity Age	Maximum: 80 Years
Basic Sum Assured	Minimum: Rs. 50,00,000 Maximum: No Limit
Policy Term (PT)	10 - 40 Years
Premium Paying Term	Regular: Same as Policy Term Limited: Policy term minus 5 years for policy term 10 to 40 years Policy term minus 10 years for policy term 15 to 40 years Single: NA
Minimum Premium	Regular: Rs. 3000 Single: Rs. 30000

Steps to Buy a LIC Tech Term Plan 854 Online from Policybazaar

To get insured from the comforts of your home, you can buy lic tech term plan online from Policybazaar Insurance Broker Private Limited. Steps to buy LIC tech term plan online from Policybazaar are listed below:

Step 1- Enter your Date of birth and full name.

Step 2- Enter your correct phone number, and click on view plans.

Step 3- After filling in the details, LIC Tech Term Plan 854 Premium Calculator will calculate the premium for the chosen parameters.

Step 4- Enter other details such as Name, Address, Occupation, Qualification etc. displayed on the screen and complete the proposal form online.

Step 5- Select and compare the different term insurance plan on Policybazaar.com. You can choose the personalized plans options as well.

Step 6- Once the plan is selected, you can pay the premium or speak to our customer care representative to take you through different options.

Step 7- Make an informed decision and pay the premium. Once all the steps are completed, the policy will be emailed to your registered email-id.

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Why Should You Buy LIC Tech Term Plan 854 Online?

LIC Tech term is a plan that financially protects your family and their goals in case of your absence.

LIC is a trusted insurance company with a huge customer base. With a claim settlement ratio of 96.99 as per the IRDAI, Annual Report 2019-20, LIC has become one of the biggest insurers in India
The plan provides high coverage at low premium rates. For example, a male of 30-year-old who is a non-smoker purchases LIC Tech term plan for a sum assured Rs.1 Crore and policy term of 30 years. The individual is required to pay only Rs.9000 as a premium.
The plan also offers death benefit options - Level SA and Increased SA. In the former, the sum assured amount remains constant throughout the policy tenure, whereas in the latter, the sum assured amount that is required to be paid at the time of policyholder’s demise remains fixed till the completion of the 5th year of the policy.
Accidental benefit riders can enhance your coverage by paying extra premiums. In case of the accidental death of the life insured, the rider SA is paid as a lump sum.
Get the tax benefits as per the prevailing laws of the Income Tax Act, 1961.

Let’s understand this with the help of an example:

Rahul got married to Anjali and both moved to a new house, purchased on the home loan. Anjali is also contributing to the loan repayment, which enables both of them to plan their finances accordingly. One day because of the pandemic, Anjali loses her job. Moreover, she doesn’t want to join any other company for a while because of her pregnancy. Now, Rahul is the only sole earning member of the family and he had to plan finances in a way that takes care of his wife during pregnancy and could make some savings for the future. In such a case, Rahul bought the LIC Tech term plan for his family so that the payout benefit will cover his liabilities and helps his loved ones to live happily. Additionally, he is only required to pay Rs.9000 per annum that is quite pocket-friendly as compared to the other term plans.

Wrapping It Up!

LIC Tech term plan is a basic protection online plan that provides financial security to the policyholder’s family in case of his/her unfortunate death. One can only purchase the plan through online mode and the buying process is convenient and reliable.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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