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The LIC New Tech Term is an online plan which offers financial protection to the family of an insured in case of unfortunate death during the policy term.
LIC's New Tech Term plan offers flexible, affordable insurance for tech workers.
LIC new term insurance plans: As per the details provided by the company, both the plans are non-linked and non-participating plans, which means policyholders can pay fixed premiums and receive guaranteed returns.
LIC had launched Jeevan Amar plan in August 2019 and the Tech Term plan in September 2019. It had not raised premium rates of the plans since their launch. The company will relaunch the products soon with modifications.