LIC Jeevan Amar Plan
  • Rebate on High Sum Assured
  • Discounted Premium for Women
  • Add-on cover with Accident Benefit Rider
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LIC Jeevan Amar

LIC Jeevan Amar plan is a non-linked, non-participating, without profit, offline pure protection term insurance plan. With several benefits, LIC Jeevan Amar ensures to protect your family's dreams.

The plan provides complete protection to the family members at affordable price, and offers financial support in the event of the insured's unfortunate demise within the policy tenure.

Continue reading to explore more about the LIC Jeevan Amar plan, its benefits and many more:

Eligibility Criteria of LIC Jeevan Amar Plan

Entry Age

Min: 18 years
Max: 65 years

Max age at Maturity

80 years

Policy Term

10 to 40 years

Premium Payment Options

Single premium, Regular premium, Limited premium

Minimum Sum Assured

Rs. 25,00,000

LIC Jeevan Amar Plan No. 855
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Benefits of LIC Jeevan Amar Term Plan

The LIC Jeevan Amar Plan offers a number of advantages that makes it one of the best options for people wishing to protect the financial needs of their families. Some of the important benefits offered by this plan are listed below. Look at this:

Premium Payment Options

The premium payable is largely

Death Benefit

LIC Jeevan Amar plan allows

Optional Benefits

To let policyholders avail additional

Rebates on High Sum Assured

LIC Jeevan Amar Plan offers attractive rebates

Premium Payment Options

The premium payable is largely dependent on factors such as age at entry of policyholder [as specified in the eligibility criteria], policy term, gender, smoking status, and sum assured, among others.

The policyholder has the option to choose from single, regular or limited premium payment. The table highlights the specificities associated with each option.

Features Single Premium Payment Regular Premium Payment Limited premium Payment
Mode of Payment Lump Sum Yearly/Half-yearly Yearly/Half-yearly
Minimum Premium Rs. 30,000 Rs. 3,000 Rs. 3,000
Death Benefit

LIC Jeevan Amar plan allows for flexibility in choosing the death benefit payout viz. Level Sum Assured and Increasing Sum Assured. The plan comes in two variant:

  • Level Sum Assured: The sum assured to be paid on the death of the policyholder remains intact throughout the policy tenure.
  • Increasing Sum Assured: The amount payable under this option remains constant for the first 5 years of the policy period. From the 6th year, the amount increases by 10% till the 15th year.

Thereafter, the sum assured becomes constant for the remainder of the policy term.

Optional Benefits

To let policyholders avail additional coverage, LIC Jeevan Amar Term plan offers several optional benefits that help the policyholder to customize their plan as per their needs and requirements. The available optional benefits are:

  • Accident Benefit Rider - wherein you can enhance your protection in case of accidental death.
  • Option to receive death benefits in installment - wherein the family of the life assured receives the death benefit at monthly, quarterly, half-yearly, or yearly intervals for a total period of 5, 10, or 15 years.
Rebates on High Sum Assured

LIC Jeevan Amar Plan offers attractive rebates on higher sum assured. Policyholders can avail of significant discounts on their premiums if the sum assured at policy inception is Rs. 1 Crore or above.

Sample Premium Illustration for LIC Jeevan Amar Plan

In order to help you make an informed decision, we bring to you a sample illustration of the annual premiums payable under the two death benefit options discussed above.

As an example, we have considered a non-smoker male who has chosen a life cover at a basic sum assured of Rs. 50 Lakhs.

Regular Premium Payment option

Age of Policyholder (in years)
Policy Term (in years)
Premium Payable (in Rs.)
Level Sum Assured Increasing Sum Assured
20 20 4,356 5,715
30 20 5,940 8,415
40 20 11,475 17,664

Single Premium Payment option

Age of Policyholder (in years)
Policy Term (in years)
Premium Payable (in Rs.)
Level Sum Assured Increasing Sum Assured
20 20 48,928 63,720
30 20 66,088 94,095
40 20 1,27,395 1,95,868

Exclusion Criteria Under Jeevan Amar Term Plan

Mentioned below are some of the conditions which are not covered under the plan.

  • This policy shall stand void if the Life Assured commits suicide within 12 months from the date of commencement of the policy or within 12 months from the date of revival.
  • LIC does not entertain claims except for 80% (90% in case of single premium payment policy) of the premiums paid (excluding any extra amount if charged under the policy due to rider premiums) till the date of death.

Exclusions Under Accident Benefit Rider

LIC is not liable to pay the sum assured under its Accident Benefit Rider if the death of the Life Assured occurs as a result of the following:

  • Intentional self-injury, attempted suicide, insanity or immorality or if the Life Assured was under the influence of liquor, drug, or narcotic
  • Whilst engaged in aviation or aeronautics
  • Injuries from taking any part in riots, civil commotion, rebellion or war, invasion, hunting, mountaineering, racing of any kind, paragliding or parachuting, taking part in adventurous sports
  • The Life Assured breaching law with criminal intent
  • Employment in the armed forces
  • Death occurs after 180 days from the date of the accident.

Explore LIC Term Insurance

Know more about LIC Term Insurance, its claim process, buying process, and contact details by clicking on the sections below:

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Explore Other LIC Best Term Insurance Plans

You can find other term policies offered by the LIC Term Insurance company in the section below:

  • LIC Jeevan Amar Term Plan
  • LIC Saral Jeevan Bima
  • LIC Tech Term Plan

LIC Jeevan Amar Term Plan

LIC Jeevan Amar is an offline and affordable term insurance plan that offers complete flexibility to the policyholder, allowing them to choose their death benefits.

Unique Features

  • Attractive high sum assured rebate
  • Non-smoker discount
  • Accident benefit rider available

LIC Saral Jeevan Bima

LIC Saral Jeevan Bima is a standard term plan that offers financial security to your family at affordable rates and provides sum assured up to Rs. 25 Lakhs.

Unique Features

  • Accidental death in waiting period
  • Flexible premium payment terms
  • A grace period of 30 days

Saral Jeevan Bima (Pros)

  • Discount on High Sum Assured
  • Discount on Online Purchase
  • Premium Payment Flexibility

Saral Jeevan Bima (Cons)

  • No Policy Surrender
  • Loading on Half Yearly Premium
  • No Maturity Benefit

Saral Jeevan Bima (Other Benefits)

  • Tax Benefits
  • Lapsed policy revival till 5 years
  • High Sum Assured

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 70 years
  • Premium Payment Term- 5 and 10 years

LIC New Tech Term Plan

A pure protection term plan that protects your family's financial needs after your demise. The plan is available online only, and comes with several benefits.

Unique Features

  • Avail two benefit options
  • Death benefit Available
  • Non-smoking discounts

New Tech Term Plan (Pros)

  • Maturity Benefits
  • Discounts for Women
  • Death Benefit Instalments

New Tech Term Plan (Cons)

  • No Loan Available
  • No Suicide Cover
  • No Surrender Value

New Tech Term Plan (Other Benefits)

  • No Limit on Max Sum Assured
  • Tax Benefit
  • Annualized Premium

New Tech Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - Rs.50 L
  • Maturity Age - 80 years
  • Premium Payment Term - 10 years to 40 years

How to Contact LIC?

LIC Insurance Contact Address

Yogakshema Building, Jeevan Bima Marg, P.O. Box No - 19953, Mumbai - 400 021 IRDAI Reg No- 512.

LIC call center: 022 6827 6827
(Monday to Friday: 08.00 a.m. to 08.00 p.m. / Saturday: 10.00 a.m. to 06.00 p.m.)

LIC Jeevan Amar Plan: FAQs

1. Am I eligible to avail tax benefit under LIC Jeevan Amar Plan?

Yes, as per the prevalent income tax laws, one can avail tax benefit on LIC Jeevan Amar Plan

2. Is a policy loan available with LIC Jeevan Amar plan?

No, since the policy does not have any maturity benefits, one cannot avail policy loans with LIC Jeevan Amar plan.

3. What is the surrender value of LIC Jeevan Amar policy?

If chosen for monthly premium payments, the LIC Jeevan Amar policy has no surrender value. However, if a single premium is paid, the applicable refund amount will be paid during the policy tenure.

When paying a limited premium, a refund will only be handled if the following conditions are met:

  • The entire premium has been paid for two years in a row for a premium term of less than 10 years.
  • For a premium term of more than ten years, the full premium has been paid for three straight years.

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LIC Term Insurance Review

Read what our customers have to say about LIC Term Insurance Company

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Aryan Dhaneja


October 4, 2021

fast claim settling...really happy with the help I received. Will be forever grateful to the agent who helped! Thanks

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Kushagra Tyagi


September 28, 2021

badhiya support mila customer team se! compare kiye kaafi plans and I bought one jo mere liye suitable tha with the help i got

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Govind Deb


September 28, 2021

it was a pleasure purchasing life insurance from LIC. Very supportive staff and patient. Thanks guys!

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Saheba Quereshi


September 27, 2021

thanks LIC for settling my claims so shortly! it was really urgent and I m happy to have placed my trust on the company

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Kamlesh Kumar


September 22, 2021

sahi plan mil gyaa...i have to thank LIC jinke plans are budget i got gud cover at low premiums...

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Sania Sharma


September 22, 2021

the best thing about LIC is that the premiums are not heavy on the pocket...I recently bought theri tech term plan and i have faced no issues during buying

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September 21, 2021

the whole life cover i bought from policy will cover me till 100! I m secured till life and at very reasonale premium monthly

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Kshtiz Chabbra


September 20, 2021

LIC ke plans are pretty reasonable priced which is what i like ...they can be bought by simple ppl like us!