LIC has five individual term insurance plans, and if you’ve already decided on LIC, the choice between them matters more than most buyers realise. The plans look similar from the outside. They’re not.
Each of the five LIC term insurance plans targets a different buyer profile. Two are online-only, two are agent-exclusive, and one has a ₹2 crore minimum cover that rules it out for most buyers from the start. The differences in premium, eligibility, and coverage cap are significant enough to matter. This article maps each plan to the buyer it suits, with verified premium data so you can compare.
If you’re still deciding whether to go with LIC at all, start with the LIC term insurance complete guide first. This article assumes you’ve made the LIC decision and are choosing between plans.
LIC’s five pure-term plans at a glance
The plans divide into three groups by buyer profile: youth plans (under 45 only), standard plans (all buyers 18-65), and the high-value plan (₹2 crore minimum). Every one of them is a pure risk plan: no survival benefit, no maturity payout, no return of premium.
| Plan | Max entry age | Min sum assured | Max sum assured | How to buy |
|---|---|---|---|---|
| Digi Term (876) | 45 | ₹50 lakh | ₹5 crore | Online (licindia.in) |
| Yuva Term (875) | 45 | ₹50 lakh | ₹5 crore | Agent / branch |
| New Tech Term (954) | 65 | ₹50 lakh | No upper limit* | Online (licindia.in) |
| New Jeevan Amar (955) | 65 | ₹25 lakh | No upper limit* | Agent / branch |
| Bima Kavach (887) | 65 | ₹2 crore | No upper limit* | Online (licindia.in) |
*Subject to underwriting approval above threshold amounts. All plans accept entry from age 18. Source: LIC official product pages, February 2026.
Youth plans: Digi Term and Yuva Term
These two plans are available only to buyers entering before age 46. Both cap the maximum cover at ₹5 crore. Beyond those two constraints, they’re structurally identical: same entry age range, same minimum sum assured, same death benefit options (level or increasing), same instalment payout options for the death benefit, same premium payment frequencies. The single difference that matters: how you buy them.
Digi Term (Plan 876) is LIC’s online-only youth plan. You buy it at licindia.in without an agent. Yuva Term (Plan 875) is the same plan sold through LIC agents and branches. At age 30, ₹50 lakh cover, 20-year term, the annual premium for Digi Term is ₹4,700 vs Yuva Term’s ₹5,950: a 26.6% difference for identical cover, per indicative data from Probusinsurance.com. That gap exists purely because of the purchase channel: Digi Term premiums don’t carry an agent commission load.
If you’re comfortable buying online and managing the policy yourself, Digi Term makes Yuva Term hard to justify on price. If you want an agent to guide you through the application, explain exclusions, and be a contact point when you need to file a claim, Yuva Term’s extra premium buys that service relationship.
One practical detail: both Digi Term and Yuva Term accept premium payments in all four frequencies (monthly, quarterly, half-yearly, annual). Tech Term and Jeevan Amar accept only yearly and half-yearly modes.
| Feature | Digi Term (876) | Yuva Term (875) |
|---|---|---|
| Purchase channel | Online only | Agent / branch |
| Entry age | 18-45 | 18-45 |
| Min sum assured | ₹50 lakh | ₹50 lakh |
| Max sum assured | ₹5 crore | ₹5 crore |
| Policy term | 15-40 years | 15-40 years |
| Max maturity age | 75 | 75 |
| Death benefit options | Level or Increasing | Level or Increasing |
| Premium payment | Regular, Limited (10yr / 15yr), Single | Regular, Limited (10yr / 15yr), Single |
| Payment frequency | Monthly, quarterly, half-yearly, yearly | Monthly, quarterly, half-yearly, yearly |
| Indicative annual premium (age 30, ₹50L, 20yr, level SA) | ₹4,700 | ₹5,950 |
Indicative premiums exclude GST. Source: Probusinsurance.com. Actual premium depends on age, health, and chosen options at time of application.
Standard plans: New Tech Term and New Jeevan Amar
Tech Term (Plan 954) and Jeevan Amar (Plan 955) are LIC’s flagship term plans for all buyers aged 18-65. They share the same benefit structure: level or increasing sum assured, the same premium payment options, and a maximum maturity age of 80. The differences are in the purchase channel, the minimum sum assured, and the premium rate structure at higher cover amounts.
Tech Term is LIC’s online-only standard plan. It requires a minimum of ₹50 lakh cover. Jeevan Amar is sold through agents, and it starts at ₹25 lakh. That matters for buyers who want LIC coverage at a lower entry point, or who have a specific cover need below ₹50 lakh.
At ₹1 crore and above, something counterintuitive happens: Jeevan Amar’s Higher Sum Assured rebate outpaces Tech Term’s. Jeevan Amar applies a 25% rebate for buyers aged 30 or younger on level SA covers of ₹1 crore or more, against Tech Term’s 13% rebate for the same bracket. This can make the offline plan genuinely competitive with the online plan at higher sum assureds, despite carrying an agent commission.
| Feature | New Tech Term (954) | New Jeevan Amar (955) |
|---|---|---|
| Purchase channel | Online only | Agent / branch |
| Entry age | 18-65 | 18-65 |
| Min sum assured | ₹50 lakh | ₹25 lakh |
| Max sum assured | No cap* | No cap* |
| Policy term | 10-40 years | 10-40 years |
| Max maturity age | 80 | 80 |
| Death benefit options | Level or Increasing | Level or Increasing |
| Payment frequency | Yearly, half-yearly only | Yearly, half-yearly only |
| HSA rebate at ₹1 crore+ (under 30, level SA) | 13% | 25% |
| Rider availability | Accidental Death Benefit only | Accidental Death Benefit only |
| Indicative annual premium (age 30, ₹50L, 20yr, level SA) | [₹50L data not available] | ₹7,830 |
| Indicative annual premium (age 30, ₹1 crore, 20yr, level SA) | ₹9,135 | [₹1Cr data not separately confirmed] |
HSA rebate data from Renewbuy.com. Tech Term ₹1 crore premium from Algatesinsurance.in; Jeevan Amar ₹50L premium from Renewbuy.com. Premiums exclude GST. Actual premium depends on age, health, smoking status, and chosen options at time of application.
Both plans allow the Accidental Death Benefit rider. No critical illness, waiver of premium, or terminal illness rider is available on either plan. If rider coverage is a priority for you, check private insurer plans alongside LIC.
High-value plan: Bima Kavach
Bima Kavach (Plan 887), launched in December 2025, is LIC’s newest term plan. It’s not for everyone: the minimum sum assured is ₹2 crore, and it’s designed for buyers who want high cover with long-term flexibility. The policy term can extend all the way to age 100, making it effectively lifelong protection for buyers who want it.
The feature that sets Bima Kavach apart from the other four plans is the Life Stage Option. If you buy this plan before age 41 with a level sum assured under regular premium, you can increase your cover at two major life events (marriage or the birth of a child) without a fresh medical examination. LIC notifies policyholders that the request must be submitted within 90 days of the event. Check the current Bima Kavach policy brochure at licindia.in for the exact increase amounts and caps, as these are specified in the policy schedule.
If your cover need is below ₹2 crore, Bima Kavach isn’t relevant. The plan’s ₹2 crore minimum makes it a serious commitment for buyers in the high-cover bracket, not a general-purpose plan. If your need is ₹2 crore or more and the Life Stage Option or the extended policy term appeals to you, it’s worth getting a premium quote from licindia.in to compare against Tech Term at the same SA.
Indicative premiums at a glance
The table below shows indicative annual premiums for a 30-year-old male, non-smoker, 20-year policy term, level sum assured. These are sourced from third-party insurance review sites and are meant as reference points, not quotes. Your actual premium at LIC depends on your age, health profile, smoking status, and chosen plan options at the time of application.
| Plan | Sum assured | Indicative annual premium | Source |
|---|---|---|---|
| Digi Term (876) | ₹50 lakh | ₹4,700 | Probusinsurance.com |
| Yuva Term (875) | ₹50 lakh | ₹5,950 | Probusinsurance.com |
| New Jeevan Amar (955) | ₹50 lakh | ₹7,830 | Renewbuy.com |
| New Tech Term (954) | ₹1 crore | ₹9,135 | Algatesinsurance.in |
Profile: age 30, male, non-smoker, 20-year term, level sum assured. Premiums exclude 18% GST. Note: Digi Term and Yuva Term are not available to buyers above 45. The Tech Term figure is for ₹1 crore, not ₹50 lakh, because ₹50 lakh data for this plan was not available at time of writing. Do not compare across rows without accounting for the difference in sum assured.
Which LIC term plan should you pick?
You’re under 45 and need ₹50 lakh to ₹5 crore cover: Start with Digi Term if you prefer buying online. Go with Yuva Term if you want an LIC agent to assist you. At identical cover, Digi Term costs less. Both plans are only available to buyers entering before age 46.
You’re under 45 but need more than ₹5 crore cover: The youth plans cap at ₹5 crore, so Digi Term and Yuva Term don’t apply. You need Tech Term (online) or Jeevan Amar (agent). At higher sum assureds, compare the actual premium quotes rather than assuming online is always cheaper; Jeevan Amar’s HSA rebate structure can close the gap.
You’re above 45: Only Tech Term and Jeevan Amar are available to you (Bima Kavach also accepts entry up to 65, but only if your cover need is ₹2 crore or more). Tech Term for online purchase; Jeevan Amar if you want an agent. If you need cover below ₹50 lakh, Jeevan Amar is the only option with a ₹25 lakh minimum.
You need ₹25 lakh cover: Only New Jeevan Amar starts at ₹25 lakh. All other plans have a higher minimum.
You need ₹2 crore+ cover and want long-term flexibility: Bima Kavach is worth comparing alongside Tech Term. Its Life Stage Option (the ability to increase cover after marriage or childbirth without fresh underwriting) is not available in any other LIC term plan.
You want to pay monthly: Only Digi Term and Yuva Term accept monthly premium payments. Tech Term and Jeevan Amar are restricted to yearly and half-yearly modes.
A word on riders
LIC’s term plans have limited rider availability compared to most private insurers. The Accidental Death Benefit rider is confirmed for Tech Term and Jeevan Amar. No critical illness cover, waiver of premium on disability, or income-continuation rider is available within the LIC term plan structure. If any of those features matter to your coverage plan, compare them against what private insurers offer in the same premium range before finalising.
Frequently Asked Questions
What is the difference between LIC New Tech Term and New Jeevan Amar?
The plans are structurally identical: same benefit structure, same death benefit options, same maximum maturity age of 80. The differences are: Tech Term is online-only (licindia.in) while Jeevan Amar is sold through agents; Tech Term’s minimum sum assured is ₹50 lakh while Jeevan Amar starts at ₹25 lakh; and the High Sum Assured rebate tables differ, with Jeevan Amar applying a steeper rebate at ₹1 crore and above for buyers under 30.
What is the difference between LIC Digi Term and Yuva Term?
The plans are functionally identical: same eligibility (18-45), same minimum cover (₹50 lakh), same maximum cover (₹5 crore), same benefit structure, same payment frequency options. The only difference is the purchase channel. Digi Term (Plan 876) is bought online at licindia.in; Yuva Term (Plan 875) is bought through LIC agents. The online plan carries a lower premium because it doesn’t include agent commission. For age 30, ₹50 lakh, 20-year term, Digi Term costs ₹4,700/year vs Yuva Term’s ₹5,950/year (source: Probusinsurance.com; excludes GST).
Which LIC term insurance plan is cheapest?
Among plans with the same coverage level, Digi Term tends to be the lowest-priced option for buyers under 45, because it’s an online plan with no agent commission. For buyers above 45, Tech Term is the online (and typically cheaper) option. However, at very high sum assureds (₹1 crore and above), Jeevan Amar’s HSA rebate structure can narrow the gap with Tech Term. Run an actual quote on licindia.in for your specific age, cover, and policy term before concluding which plan is cheapest for your profile.
Is LIC Bima Kavach better than LIC Tech Term?
Bima Kavach is only relevant if your cover need is ₹2 crore or more (that is the plan’s minimum). If your need is below ₹2 crore, Tech Term is the comparison. For buyers needing ₹2 crore+, Bima Kavach adds the Life Stage Option (the ability to increase cover after marriage or childbirth without medical underwriting) and a policy term that can extend to age 100. Whether that justifies any premium difference depends on your specific situation. Get quotes for both from licindia.in for your exact profile.
Can I buy multiple LIC term plans at the same time?
Yes. LIC allows policyholders to hold multiple term plans simultaneously. However, the total Accidental Death Benefit rider cover across all LIC policies is capped at ₹100 lakh. The total sum assured across all plans is subject to underwriting based on your income and insurability.
Related reading
- LIC Term Insurance: Complete Guide (2025) (CSR, solvency, strengths, and watch-outs)
- HDFC Life Term Insurance: Full Guide
- ICICI Prudential Term Insurance: Full Guide
- How much term insurance cover do you actually need?
Reviewed and Edited by
Ashok Hegde
Ashok Hegde is the Chief Executive Officer at Quantent, where he leads a team of media professionals helping clients leverage digital media for better business outcomes. With over 30 years of experience across print and digital media, he advises clients on content and media strategy — from startups to established brands. His focus is on helping organisations use online media — social, search, and mobile — to build brand awareness, drive sales, and protect reputation.