LIC New Tech Term 954 Calculator: Easy Premium Estimator 2026

1. Introduction

The LIC New Tech Term 954 calculator is the first of its kind to be recognized as an incredibly efficient on-the-web means for a quick estimation of the term life insurance premiums and the amount of coverage that can be availed. The calculator is perfect for those who are inclined towards the use of digital means and at the same time want to acquire simple insurance protection. It is a free non-linked, non-participating option that offers a high cover of life without any investment components. The emphasis is mainly on the protection of your family after your years of earning.

In 2026, such instruments will be very important when life is full of hustle and bustle and, as a result, you will not be able to anticipate health problems or accidents. No more waiting for hours at the offices. Make a single entry of your data. The LIC new tech term 954 calculator is fetching the rates from the current LIC rate card for the exact, GST-included estimates. This is how you get to reserve your peacefulness that costs you very little right away.

---

2. About the Plan - Key Details

Plan Overview: LIC's New Tech Term, is a pure risk term insurance product that is covered under Plan No. 954 with UIN 512N351V02. Its first version was released in November 2022, but it has since been modified for easier online processing and it gives clear financial back-ups. As a non-participating plan, it does not provide bonuses, but it offers the lowest possible premiums together with the highest coverage levels.

Eligibility and Policy Terms: The age for entry is between 18 and 65 years and the last birthday will be taken into consideration. Policy durations are from 10 to 40 years, thus, the policies can be appropriate for career starters as well as for people who are close to retirement. The maximum age at maturity is 80 years which allows for long-term planning. You can select the regular payment mode of yearly, half-yearly, quarterly, or monthly or opt for a single premium. The minimum sum assured is ₹50 lakh and there is no maximum limit to meet the diverse needs of the market.

Pricing and Accessibility: The last birthday is the standard used for ages for the sake of simplicity. Based on LIC's 2026 tariff, females enjoy better rates and are at times charged up to 10% less. Sums assured in excess of 2 crore lead to the granting of rebates. Rates are affected by smoking habits in a fair manner. The LIC new tech term 954 calculator is the means of making everything accessible including covers that are bought online and for which medical examinations are not necessary and are usually below ₹50 lakh. It, therefore,, is a safe security bearer fast and without any complications.

---

3. Key Features & Benefits

Death Benefit Options: New Tech Term centers on two payout styles for death benefits. Pick Level Sum Assured for a steady amount or Increasing for a 5% yearly boost. Recipients get it as a full payment, spread out, or steady monthly funds, matching family routines. On death, nominees claim the full sum assured or seven times the annual premium, whichever comes larger. Plus, 18% GST factors in.

Cost and Tax Advantages: Without maturity payouts, expenses stay minimal. Tax benefits shine through, though. Claim deductions on premiums via Section 80C, up to 1.5 lakh each year. Death benefits qualify as tax-free under Section 10(10D), as per 2026 guidelines. Add riders for accidental death if needed.

Affordability and Flexibility: This term plan includes rebates on bigger covers, like 15% savings for 1 crore or more. Payment options adapt well to wage earners. Overall, it acts as budget-friendly shielding. Premiums begin around ₹500 monthly for entry-level protection. Your family stays steady, free from money worries.

---

4. How to Use the Calculator

Step 1: Enter Date of Birth

Start at the top with the Date of Birth box. Use the picker for precise entry. It checks against 18 to 65 years. The LIC new tech term 954 calculator applies last birthday age. Errors prompt fixes, such as suggesting an earlier date if over 65. This keeps the process effortless.

Step 2: Set Sum Assured and Term

Next, fill the Sum Assured field, from ₹50 lakh minimum in 10 lakh increments. Rebates kick in automatically for bigger figures. Then, set Policy Term from 10 to 40 years, either by slider or direct input. It defaults to 20 years. These choices shape your protection size and span.

Step 3: Choose Personal Factors

From the dropdown, select Gender as male or female. Women see favorable pricing. Follow with Smoker Status, yes or no. Smokers face adjusted rates for accuracy. The LIC new tech term 954 calculator tailors results to your details precisely.

Step 4: Pick Premium Mode and Compute

Select Premium Mode, like regular yearly, half-yearly, or single. Hit Calculate. Results pop up on the side, covering age, sum assured, term, mode, total with GST, and benefit details. Toggle between increasing and level for different views.

Step 5: Review and Adjust

Examine the output breakdowns. The reset clears everything for fresh tries. Remember, these serve as guides. Link with LIC's app for full applications. For instance, a 30-year-old non-smoker could see about 15,000 annually for 1 crore over 30 years.