LIC Plan Calc Logo
LIC Plan Calc
Table No. 954Pure Risk ProtectionUIN: 512N351V02

LIC New Tech-Term (Plan 954) Calculator & Term Quote Generator

Online pure protection term assurance. High life cover from ₹50 Lakh to ₹5 Crore+ at affordable rates. Special non-smoker & female discount bands.

Policy Parameters

Live Reactive
Years
Eligible Age: 18 to 65 Years (Max Cover Age 80)
₹1.00 Crore
₹
Policy Term (Cover Duration)
Accidental Benefit RiderAdditional ₹1 Cr cover for accidental demise
Annual Premium (0% GST)0% GST Direct
₹38,921
Monthly Approx:₹3,243/mo
Just ₹106.6 / day for ₹1 Crore Cover
Active Pure Life CoverTill Age 60
₹1,00,00,000
Accidental Cover:₹2,00,00,000 (2x)
Total Premium Paid over 30 Yrs:₹11,67,630
🛡️

Applied Discount & Rebate Structure

Direct online discounted rates applied for your profile:

Non-Smoker Rate~30% Discount
High SA Band12% High SA Rebate
Tax DeductionSec 80C & 10(10D)

Annual Risk Coverage & Cumulative Outflow Schedule

Complete Term
YrAgeAnnual OutflowCumulative PaidLife CoverAccidental Cover
❓ FAQ & Knowledge Base

LIC New Tech-Term (Plan 954) Frequently Asked Questions

Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.

1What is the difference between Level SA and Increasing SA in LIC Tech-Term (954)?

In Option 1 (Level Sum Assured), the life cover remains fixed throughout the policy tenure. In Option 2 (Increasing Sum Assured), the life cover increases by 10% of the Basic Sum Assured every year starting from the 6th policy year until the 15th policy year (capping at 200% of Basic SA).

2Who is eligible for non-smoker discount rates?

Non-smokers and healthy individuals receive substantial premium rebates (up to 30-40% discount) compared to standard rates upon basic underwriting clearance.

3What is the minimum Sum Assured and maximum coverage age?

The minimum Sum Assured is ₹50,00,000 (₹50 Lakh) with no upper limit. Coverage is available up to age 80 years with policy terms up to 40 years.

4Are term insurance premiums eligible for tax deductions?

Yes, premiums paid qualify for tax deductions up to ₹1.5 Lakh under Section 80C, and any death benefit claim is 100% tax-free under Section 10(10D).

💡Have a question about a specific policy table number or custom calculation?
Contact Support & Feedback
Official Notice & Disclaimer

LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).

Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.