The polycrystalline sample of Li2Pb2Nd2W2Ti4Ta4O30 was prepared by a solid-state reaction technique. Room temperature X-ray structural analysis confirms the formation of a single phase compound. The morphology of the sintered sample recorded by scanning electron microscope exhibits a uniform grain distribution. Detailed studies of the nature of variation of dielectric constant, tangent loss and polarization with temperature and frequency confirmed the existence of ferroelectricity in the material. The temperature and frequency dependence of impedance parameters (impedance, modulus, etc.) of the material exhibits a strong correlation of its micro-structure (i.e., bulk, grain boundary, etc.). The nature of variation of pyroelectric-coefficient and current with temperature suggests that material has good pyroelectric properties useful for pyroelectric detector.