Digi-Term
LIC's online-only term plan aimed at younger buyers. The entry age stops at 45, and unlike LIC's other term plans it puts a firm ceiling on cover at ₹5 crore rather than leaving it open to underwriting. Same two death benefit shapes as New Tech-Term: a level sum assured, or one that steps up over time.
The things that decide it
Digi-Term in one table
| Insurer | Life Insurance Corporation of India |
|---|---|
| Sum insured | ₹50 lakh to ₹5 crore. Anything above ₹5 crore is not a listed option and is considered case by case. |
Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.
What Digi-Term does, and what it does not
Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark - it is what it pays for and what it leaves out. Both lists come from LIC's own documents.
- Two death benefit options - level sum assured, or increasing sum assured
- Four premium payment routes: single, regular, or limited over 10 or 15 years
- Bought entirely online, direct from the insurer
- Open to buyers over 45 - entry closes at 45
- Cover above ₹5 crore as standard
- Maturity benefit - nothing is paid if you survive the term
Which variant should you take?
This plan is sold in more than one form, and the choice is made once at purchase. Picking the wrong one is not something you can quietly correct later, so it is worth a minute now.
Level Sum Assured
Most buyersCover equals the basic sum assured and stays flat for the whole term. Maximum policy term of 40 years, subject to the maturity age cap.
Increasing Sum Assured
Cover holds flat for the first five years, then rises each year until it reaches twice the original sum assured. Costs more, and the maximum term is restricted by age and sum assured band.
What this plan will not pay for
Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.
Not covered
Indicative, not exhaustive. Your policy wording is the contract.
- Suicide within 12 months of the date of commencement of risk, or of revival - 80% of the total premiums paid is returned and nothing more. Taxes, extra premium and rider premiums are excluded from that calculation.
- Nothing is payable at all on a lapsed policy. The 80% return applies only while the policy is in force.
Where Digi-Term falls short
No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.
Worth knowing before you buy
None of these are dealbreakers on their own. They are the trade-offs this plan asks you to accept.
- Entry closes at 45. If you are older than that, this plan is simply not available to you - LIC's New Tech-Term takes entrants to 65.
- Cover is capped at ₹5 crore. New Tech-Term has no stated ceiling, so a high earner will outgrow this one.
- Minimum term is 15 years, and 20 years if you take the 15-year limited premium route. There is no short-tenure option.
- Online only, so there is no agent to work through the application with you.
- No maturity benefit. Survive the term and nothing comes back.
Read it from the insurer
We summarise. The policy wording is the contract, and it is the only document that settles a dispute. These links go to the insurer's own pages.
Is Digi-Term the right plan for you?
A salaried, IRDAI-certified NYVO advisor will look at what you already have, tell you where this plan fits and where it does not. Free, and with no obligation to buy.
Book a free call →NYVO is an IRDAI Registered Corporate Agent (Composite), licence number CA1085. This page is general information about a product, not personal insurance advice. Plan terms are summarised from the insurer's documents – the policy wording governs.
