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LIC Tech Term Plan 854 – Benefit, Eligibility, Plan Term, Premium, Buy Plan Online

Friends, in today’s article, we are going to know about LIC Tech Term Plan 854. This is a term insurance plan, which was launched by LIC on 1st September 2019. Under this plan, if the insured dies, his family is given a pre-assured amount. Apart from this, you can buy this plan online very easily. So let’s know about this plan.

Eligibility for LIC Tech Term Plan 854

Entry age should be between 18 to 65 years
Policy term between 10 to 40 years
Minimum Sum Assured 50 Lakh
Maximum Sum Assured No Limit
Maturity age 80 years
Payment Type Half Yearly, Yearly
Note – Those who earn, only they can buy this plan.

how much premium to pay

In this Tech Term plan of LIC, different premiums have been fixed for people of different ages. For example, if a 21-year-old person takes this plan for 20 years, then he will have to pay a premium of Rs 6438 every year. But if a person aged 40 years takes this plan for 20 years, then he will have to pay a premium of Rs 16,249 every year.
Along with age, there are different premiums for smokers and non-smokers. In this, the premium is higher for smokers, while the premium is lower for non-smokers. Apart from this, women have to pay less premium than men.

premium payment mode

In this plan you get 3 ways to pay the premium.
The first of these is the regular premium mode. In this, for the number of years you take this plan, for that many years you have to pay the premium.
The second is Limited Premium Mode. In this, you have to pay the premium in less than 5 years or 10 years from the term of the policy.
The third is Single Premium Mode. In this, you have to pay the total premium at one go while taking the plan.

(Read More – LIC Micro Bachat Plan 951)

How to Buy LIC Tech Term Plan 854 Online

You will have to take this plan online as it is not available offline. And here we have explained step by step to you how we can take this plan online.

step – 1
To take this plan, you must first go to the official website of LIC. After the website, you have to click on the option of Buy Online Policies and click on Click Here.
Step – 2
After this, many plans of LIC will come in front of you, out of which you have to click on LIC Tech Term Plan. Now two options will appear in front of you, out of which you have to click on Click To Buy Online.
Then you will be asked whether you had corona virus in the last 3 months or not. If it happened then click on Yes, otherwise click on No.

Step – 3
After this you have to give some personal details, such as First Name, Middle Name, Last Name, Date Of Birth, Mobile Number, Email etc. Then you have to right click on the check box below and click on Proceed.

Step – 4
After this your Access ID will come, below which you will have to enter OTP which will come on your mobile number. After doing this, click on Proceed. Now you have to give your Address Details and Gender Details.

Step – 5
Now you have to give information about your plan, so fill up the form carefully here. In this, you have to give information about things like insurance amount, premium payment option, payment mode, policy term. Then by giving information about rider benefit, click on Calculate Premium.
After this Premium Details will appear in front of you, after reading which you have to click on Confirm & Proceed below.

Step – 6
After this you have to do E-KYC, for which you have to download this file by clicking on click here to download.
After downloading the file, the home page of Welcome to myAadhaar will appear in front of you. In this you have to click on Login. Here you have to enter the Aadhaar card number and captcha and click on Send OTP.
After this, an OTP will come on the mobile number linked to your Aadhaar card, which has to be entered here and click on Login.

Step – 7
After login, you will see many options, out of which you have to click on Offline eKYC.
After this you have to enter a 4 digit short code (password) and click on download below. Here also a file will be downloaded, which you have to click on Proceed on the page with Offline eKYC.

Step – 8
After this, you have to enter the mobile number and 4 digit short code linked to Aadhaar card. Below you have to upload the file which we downloaded further. After uploading the file, you have to click on continue below.
Now an OTP will come to the mobile number linked to your Aadhaar card, which you have to enter here.

Step – 9
After this, your basic details will appear in front of you, after reading which you have to click on Continue. Here again you have to give your personal details and address details and click on Save & Proceed.
Step – 10
Now Age Proof and ID Proof have to be given here, like we will select PAN card here. After this you have to give the details of PAN card.
Below this you will be given the details of Tech Term Plan, after reading which you have to click on Save & Proceed below. Now you have to give information related to your job or business and click on Save & Proceed.
In the last some information will be taken from you, after which your plan will be activated.

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