LIC Term Plans 2026 – Which is Better?
LIC offers multiple term insurance plans. The two most popular are Jeevan Amar (Plan 855) and LIC Tech-Term (Plan 854). Both provide pure life cover with no maturity benefit, but there are key differences.
Key Differences
| Feature | Jeevan Amar (855) | Tech-Term (854) |
|---|---|---|
| Purchase Mode | Offline (through agent) | Online only |
| Premium | Higher (agent commission) | 10-15% cheaper |
| Min SA | ₹25 Lakhs | ₹50 Lakhs |
| Cover Type | Level or Increasing | Level or Increasing |
| Max Term | 40 years | 40 years |
Premium Comparison (Age 30, ₹1 Crore SA, 30-yr term)
- Jeevan Amar: ₹8,700/year
- Tech-Term: ₹7,450/year (saves ₹1,250/year)
GST Update 2025
Both plans now have 0% GST since September 22, 2025. Earlier both had 18% GST — this saves ₹1,566-₹1,827 per year on the above example!
Which Should You Choose?
If you're comfortable buying online: Choose Tech-Term for lower premiums. If you prefer offline purchase with agent support: Choose Jeevan Amar. Both provide identical life cover — the difference is only the premium and purchase channel.
Use our comparison tool to compare both plans with your exact age and SA.
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