LIC’s Tech Term: How to buy online

Published: September 2, 2019 at 1:46 pm

Last Updated on December 29, 2021

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


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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

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
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Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.
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