LIC's New Tech-Term Plan 954 Calculator

Plan No. 954 (UIN: 512N351V02) - Online Term Insurance

Your Current Age Min: 18, Max: 65 years (Last Birthday)

Gender Special rates may apply for women.

Smoker Status Smoker rates are generally higher.

Basic Sum Assured (₹) Min: ₹50,00,000. Multiples: 5L (50-75L SA), 25L (>75L SA).

Death Benefit Option Choose how your sum assured behaves.

Policy Term (Years) Min: 10, Max: 40 years (Max Maturity Age: 80).

Premium Payment Option Choose how long to pay premiums.

Premium Payment Mode Frequency (for Regular/Limited).

Premium Options

Click on a premium option to see its details.

GST: Premiums shown are inclusive of 18% GST (assumed rate). Base premiums are exclusive of GST. Actual GST is as per prevailing rates.

Death Benefit Details

"Sum Assured on Death" is defined as:
For Regular/Limited Premium: Highest of (a) 7 times Annualised Premium, (b) 105% of Total Premiums Paid till death, (c) Absolute Amount Assured to be paid on death.
For Single Premium: Higher of (a) 125% of Single Premium, or (b) Absolute Amount Assured to be paid on death.

Maturity Benefit

On survival of the life assured to the end of the policy term, no maturity benefit is payable under this plan.

Year-wise Benefit

▼

Policy Year	Age (End of Year)	Annualised Premium (₹)	Cumulative Premium Paid (₹)	Death Benefit (Base Plan) (₹)

Above illustration is for the chosen Sum Assured option (Level/Increasing) and base premium. Death Benefit shown is Absolute Amount Assured of base plan for that year. Total Death Benefit will be higher of the defined conditions. Annualised Premium shown is the underlying annual premium before modal loadings.

Plan Summary

▼

Key Features:

A Non-linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan.
Available **Online Only** directly through website www.licindia.in.
Flexibility to choose Level or Increasing Sum Assured.
Option for Single, Regular, or Limited Premium Payment.
Special rates for women (generally lower premiums compared to males for same parameters).
Attractive High Sum Assured Rebates.

Eligibility Conditions:

Minimum Entry Age: 18 years (last birthday)
Maximum Entry Age: 65 years (last birthday)
Maximum Maturity Age: 80 years (last birthday)
Policy Term: 10 to 40 years
Premium Paying Term:
- Regular Premium: Same as Policy Term
- Limited (PT-5): For Policy Term 10 to 40 years (PPT will be PT-5)
- Limited (PT-10): For Policy Term 15 to 40 years (PPT will be PT-10)
- Single Premium: One-time payment
Minimum Basic Sum Assured: ₹50,00,000
Maximum Basic Sum Assured: No Limit (subject to underwriting)
Sum Assured Multiples:
- ₹5,00,000 (for SA ₹50 Lakh to ₹75 Lakh)
- ₹25,00,000 (for SA above ₹75 Lakh)
Premium Payment Modes (Regular/Limited): Yearly, Half-Yearly
Minimum Premium Instalment: ₹3,000 (Regular/Limited), ₹30,000 (Single Premium)

Download Brochure

Term Assurance Plans

LIC Yuva Term Plan 875 LIC Digi Term Plan 876 LIC Yuva Credit Life Plan 877 LIC Digi Credit Life Plan 878 LIC New Jeevan Amar Plan 955 LIC Saral Jeevan Bima Plan 859