LIC Tech Term Premium Calculator

LIC Tech Term premium calculator is an online tool by LIC of India. It is designed for the policyholders to calculate the premium amount for LIC Tech Term Plan 854. Moreover, the policyholders can also calculate the approximate premium amount of the policy under Single, Regular and Limited premium payment modes. The calculator also lets you calculate premiums under the Level sum assured and Increasing sum assured options. Let's discuss the details of this LIC Tech Term Plan Premium Calculator and find out how it can assist you in making informed decisions about your policy.

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What is the LIC Tech Term Plan Premium Calculator?

The LIC Tech Term Plan premium calculator is an online tool designed by LIC of India to help insurance buyers estimate the approximate rate of premium of their policies. It is a simple and hassle-free tool. To compute the plan's premium prices, the individual must enter relevant details on the term insurance calculator page. There are several benefits of using the LIC Tech term plan premium calculator:

It is a very easy and convenient process
You can compute your estimated premium cost by sitting at home
The insurance buyers are only required to enter some details
It also helps to determine the sum assured amount that an individual wants to buy to secure his/her family’s financial future

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⁺

Why Should You Use LIC Tech Term Premium Calculator?

Life is uncertain, and for any individual who wants to secure his/her family, a term insurance plan is a necessity to have a safe and protected future. LIC tech term plan has gained enormous popularity among its customers. This plan ensures safety to you and your loved ones with pocket-friendly premium rates.

LIC Tech Term Premium Calculator is specifically designed to compute the premium rates that you will be required to pay to receive a certain amount i.e. sum assured from your LIC Tech Term policy. This calculator helps in financial planning and you can easily predict which premium price is suitable for you and your family’s financial objectives.

What are the Benefits of Using the LIC Tech Term Plan Premium Calculator?

The LIC Tech Term Plan premium calculator is a quick and convenient tool to calculate the approximate premium amount required to pay by the policyholder. It is customized to help the potential buyers as per their preferences. Following are the benefits of the LIC term plan calculator:

The process of purchasing the LIC tech term is completely online. So the LIC Tech term plan premium calculator helps you in deciding the premium by calculating the amount you need to pay.
It is reliable as you can check what payout, term, and premium prices work out the best as per your budget, financial goals, and expectations.
The calculator shows accurate results.
It is easily available on the LIC official website.
Customers can use it as many times as they want to use to get the desired outcome.
You are only required to enter some of the basic details to get the premium result.
The interface of the LIC calculator is quite user-friendly.
It consumes less time to complete complex calculations.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

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How to Use LIC Tech Term Plan Premium Calculator?

Calculating the premium rate of a LIC Tech Term plan is quite easy with the LIC Tech Term Plan Premium Calculator . Follow the steps below for a smooth process:

Step 1 – Visit the Official website of LIC and scroll down to “How Much Do You Need?” section. Click “Calculate Premium”, and continue to the external link.

Step 2 – Fill the form with the required information such as name, DOB, gender, etc. Click on “Next” and then on “Quick Quote”

Step 3 - Select the LIC Tech Term Plan 854 and click on “Coverage”

Step 4 – Provide the required details such as coverage, premium amount, premium payment frequency, and the policy tenure, and click on “Quote”.

The LIC Tech Term premium calculator will display the premium amount as per the policy details chosen.

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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FAQs

Q1. What basic information is required by the LIC Tech Term Plan 854 Premium Calculator?

Ans. The LIC Tech Term plan premium calculator requires you to enter details such as name, date of birth, gender, mobile, and email.
Q2. How can age affect the LIC tech term premium rates?

Ans. You can understand the factors affecting the premium rates by taking a look at what is term insurance. Age is one of the important parameters that the LIC tech term calculator uses to compute the premium rates. The younger the insurance buyer, the lower the premium price is likely to be. It is because the chances of the risk of diseases or death increase with the age. It is always a smart decision to buy a term plan at an early age.
Q3. How reliable is the online LIC Tech term plan calculator?

Ans. LIC tech term plan premium calculator is an online tool that helps an individual to get a good idea about the type of cover he/she wants and the premium amount that he/she has to pay. Several parameters are taken into consideration while calculating premiums such as age, gender, annual income, policy term, sum assured, etc. Since this calculator considers a wide range of parameters, so the estimation of premium rates from the LIC term plan is highly reliable.
Q4. How much term coverage do I need?

Ans. One of the major confusion people is facing while buying a term insurance plan is deciding the extent of the life cover they require. Preferable, it is a smart decision to buy a term insurance cover around 15 – 20X your yearly income. In this way, your family can live a comfortable and secure life. Moreover, your loved ones can achieve their life goals.
Q5. What is the premium for LIC tech term?

Ans. The premium for LIC Tech Term Plan depends on the policyholder’s age, gender, smoking status, policy term, premium payment term, sum assured, and the Sum Assured option.
For a 30-year-old non-smoker choosing a Rs 50 lakh sum assured, Level Sum Assured option, and a 35-year policy term:
Regular Premium: Rs 8,150 per year
Limited Premium (25 years): Rs 8,950 per year
To calculate your premium based on personal details, use the LIC Tech Term Plan Premium Calculator for an instant quote.

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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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