LIC New Tech Term Plan 954 Calculator

LIC New Tech Term Plan 954 | Non-linked, Non-participating, Pure Risk Plan | Ages 18–65 | BSA ₹50L+ | Policy Term 10–40 years | Available Online Only at licindia.in — not sold through agents or brokers. Choose Level SA (flat cover) or Increasing SA (cover doubles by Year 15). Sample premiums are for Non-Smoker, Male, BSA ₹1 Crore, Policy Term 20 years.

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LIC New Tech Term Plan 954 Premium Calculator

Non-linked, Non-participating, Pure Risk Plan • Ages 18–65 • BSA ₹50 Lakh onwards • Online Purchase at licindia.in

Age at Entry

yrs

Last birthday. Minimum 18, Maximum 65 years. Max maturity age is 80.

Basic Sum Assured (₹)

₹

Min ₹50L. Steps: ₹5L (₹50L–₹75L) | ₹25L (above ₹75L). No upper limit subject to underwriting.

Policy Term

yrs

10–40 years (max maturity age 80). Min 15 yrs for Limited PT−10. Min 10 yrs for all other PPTs.

Gender Female premium is lower; this calculator uses published Male rates as reference.

Death Benefit Option Option I: Death cover equals Basic Sum Assured and remains constant throughout the policy term.

Premium Payment Term Regular Pay: premium paid every year throughout the policy term. Policy Term 10–40 years.

Premium Mode

Smoker Status Non-Smoker rates confirmed by Urinary Cotinine test at time of purchase. Smoker rates are significantly higher.

Non-Smoker Smoker (indicative)

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Premium Summary

All amounts inclusive of 18% GST • Indicative based on brochure sample rates (BSA ₹1Cr, PT 20 yrs)

Yearly — excl. GST: —

Half-Yearly — per instalment (incl. GST)

Single Premium — one-time payment (incl. GST)

📋 — Annual Premium (excl. GST)

🛡 — Year 1 Death Cover

💸 — Total Premium Paid (incl. GST)

📈 — Death Cover at Maturity

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Death Benefit Schedule

Year 1 Absolute Death Cover —

Year 10 Death Cover (1.5× BSA) —

Year 15+ Death Cover (2× BSA) —

Sum Assured on Death (Year 1) —

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Year-wise Death Cover vs Cumulative Premium

Visual comparison of life protection (death cover) against total premium outflow over the policy term

Death Cover (₹) Cumulative Premium (₹)

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Year-wise Premium & Death Cover Schedule

Annual breakdown of premium outflow, death cover and Sum Assured on Death each year

Year	Age	Annual Premium (₹)	Cumul. Premium (₹)	Absolute Cover (₹)	SA on Death (₹)

Disclaimer: This calculator provides indicative premium estimates based on sample rates published in the LIC New Tech Term Plan 954 brochure for Non-Smoker, Male, BSA ₹1 Crore, Policy Term 20 years. Actual premiums vary by policy term, BSA, gender (female rates are lower), smoker status, and medical underwriting. GST at 18% is included. This plan is available Online Only at licindia.in. ‘Sum Assured on Death’ reflects the highest of (a) 7× Annualised Premium, (b) 105% of Total Premiums Paid, or (c) Absolute Death Cover for Regular/Limited pay; or higher of 125% of Single Premium or Absolute Death Cover for Single pay. This tool is for illustrative purposes only — visit licindia.in for an exact premium quotation.

Mohibul Islam

LIC Agent & Web Developer

Mohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »

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