LIC’s New Tech Term online term insurance plan: What are the restrictions – LIC’s New Tech-Term plan

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The person should be a Resident Indian residing in India. He should not be an Overseas Citizen of India(OCI) or a Person of Indian Origin (PIO).NRIs also can apply while their stay in India subject to the condition that the applicant is residing in any one of the permissible countries (A list of permissible countries is provided in the section “know your premium”).

Minimum entry age: 18 years (Completed). Maximum entry age: 65 years (Nearest Birthday)

Maximum Cover – Term/ Age Maximum Term 40 or age 80 whichever comes earlier. He/she must have own earned income.

One cannot propose for anyone other than self. Income should be sufficient to cover all existing and proposed insurance coverage under all insurers. The customer should have earned income. Pension income/ Rent income/Interest income is not considered earned income.

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