LIC’s Tech Term: How to buy online

LIC’s Tech Term How to buy online

Published: September 2, 2019 at 1:46 pm

Last Updated on

Here is how you can buy LIC’s Tech Term online step by step. Kindly note that at the time of writing (2nd Sep 2019), the purchase portal is still new. You may expect them to test it and make some changes in the next few days. Therefore, for now, use it to compute the premium and make a proposal. If you do not receive a reference number for your proposal then please contact LIC support.

Refer to this post for sample premium illustrations: LIC’s Tech Term Premium is still expensive compared to private insurer policies!

LIC’s Tech Term plan is a non-linked, without profit, pure protection ‘Online Term Insurance Policy.  Min sum assured: 50 Lakh. Max: Unlimited. You can pay a premium each year, once or for a limited period. Always choose regular (each year). For other choices, see below.

  1. Go to LIC Direct
  2. Choose Lic’s Tech Term from the list
LICs Tech Term How to buy online step one

3. Choose “click to buy online

LICs Tech Term How to buy online step two click to buy online

4. Enter Details to get access token for premium calculation. Do not use real phone number if you are not serious about buying.

LICs Tech Term How to buy online step three enter details to get access token

5 enter the access token to login

Join our 1500+ Facebook Group on Portfolio Management! Losing sleep over the market crash? Don't! You can now reduce fear, doubt and uncertainty while investing for your financial goals! Sign up for our lectures on goal-based portfolio management and join our exclusive Facebook Community. The 1st lecture is free! Did you miss out on the lockdown discount? You can still avail it! Follow instructions in the above link!
LICs Tech Term How to buy online step four enter OTP for acess ID

6 Enter personal details. Use regular premium payment option and level sum assured. Do not use increasing sum assured!!

LICs Tech Term How to buy online step five enter personal details

7 Click calculate the premium to get results

LICs Tech Term How to buy online step six check premium details

8 Confirm details and click on “generate lead”

LICs Tech Term How to buy online step seven confirm and generate lead

9 You will then be given a proposal reference number via email/mobile. You can use that to find the status of your proposal via this link

LICs Tech Term How to buy online step eight policy proposal status
Do share if you found this useful
Join our 1500+ Facebook Group on Portfolio Management! Losing sleep over the market crash? Don't! You can now reduce fear, doubt and uncertainty while investing for your financial goals! Sign up for our lectures on goal-based portfolio management and join our exclusive Facebook Community. The 1st lecture is free! Did you miss out on the lockdown discount? You can still avail it! Follow instructions in the above link!

Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!)

About the Author

Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice.
He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com

About freefincal & its content policy

Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. We operate in a non-profit manner. All revenue is used only for expenses and for the future growth of the site. Follow us on Google News
Freefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication.Freefincal does not publish any kind of paid articles, promotions or PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)

Connect with us on social media

Our Publications


You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingThis book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
  

Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want

Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new

This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when traveling, how traveling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download) 

Free Apps for your Android Phone

Comment Policy

Your thoughts are the driving force behind our work. We welcome criticism and differing opinions.Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.

1 Comment

  1. Dear Sir,
    Thanks for the writing. Its a neat one.
    But after the step 9, nothing is explained further.

    When you click on Generate Lead, its lands on the page shown in step 9. When you enter your access Id, it lands on a page headed as ‘Proposal Details’ with many info and nothing is been filled, neither its editable on any info is given on how to proceed further. The details it has are as Reference Number, Registration Date, BOC Number, Proposal Number, Proposal Status etc, but nothing is filled except a Reference Number(which doesnt seems to be a correct one too).

    As usual the LIC support line is Busy. Any idea or guidance, please

    Thanks again Sir

Comments are closed.