Pranavam Financial Services
LIC • TERM INSURANCE

New Tech-Term.
More protection. Less complexity.

LIC's New Tech-Term is a pure protection-oriented term assurance plan, with level or increasing sum-assured options and flexible premium-payment structures.

Discuss this plan →See key details
A dedicated plan guide from Pranavam Financial Services
TYPETerm insurance
FOCUSLife protection
CHOICELevel / increasing cover

WHY PEOPLE CONSIDER IT

A strong starting point for working professionals and families whose biggest financial asset is future earning power.

Think of this page as the first five minutes of the conversation. The final decision should follow a comparison of your goals, existing cover, affordability, risk and the current policy or scheme documents.

Pure protection focusDesigned primarily to provide a death benefit rather than a savings maturity value.
Level or increasing coverAvailable structures can suit different protection needs.
Flexible payment choicesPremium payment options are available under the plan.
Goal-led coverA term cover can be sized around income, liabilities and dependants.

AT A GLANCE

PlanLIC New Tech-Term
Plan No.954
UIN512N351V02
CategoryTerm assurance

Example scenario

A 32-year-old earning professional with a home loan wants a large life cover so the family is protected if income stops.

Key benefits to explore

  • Pure protection focus
  • Level or increasing cover options
  • Flexible premium structures
  • Useful for replacing future income and covering liabilities

UNDERSTAND THE LANGUAGE

Key terms explained simply.

You do not need to know the jargon before speaking with us. Here are the terms that matter on this page.

Term InsuranceLife insurance designed primarily to provide a death benefit for a specified policy term.
Sum AssuredThe amount of insurance cover specified in a life insurance policy, subject to the policy terms.
PremiumThe amount paid to keep an insurance policy in force, according to its payment schedule.
RiderAn optional insurance benefit that can be added to a base policy for an additional premium, subject to the product terms.
UnderwritingThe insurer's process of assessing risk and deciding applicable terms, premium and eligibility.
View the full financial glossary →

QUESTIONS PEOPLE ASK

Before you decide.

Who should consider term insurance?

Anyone with dependants, loans or future financial obligations who would need income replacement if they died.

Is it an investment?

No. Its primary purpose is life protection.

How much cover do I need?

That depends on income, liabilities, dependants, existing assets and future goals.

PRANAVAM FINANCIAL SERVICES

Let's see if it fits your goal.

Tell us your age, goal, timeline and what you already have. We'll keep the conversation practical and easy to understand.

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Important: This page is for general education and initial comparison. Insurance benefits are subject to the current policy wording, exclusions, waiting periods, underwriting and applicable terms. Mutual funds are market-linked and returns are not guaranteed. Figures marked with * are time-sensitive or scheme/product-specific and should be rechecked against the provider's current documents before publication or purchase.