LIC Jeevan Amar
- Rebate on High Sum Assured
- Discounted Premium for Women
- Add-on cover with Accident Benefit Rider
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.
LIC Jeevan Amar Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 80 years
Minimum term - 10 years Maximum term - 40 years
Rs 25 lakhs to No Limit
The policy loan is not available under LIC Jeevan Amar.
Annual, half-yearly, quarterly & monthly
Let's understand how the LIC Jeevan Amar Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the LIC Jeevan Amar Plan. He visited PolicyX.com
Let's understand how the LIC Jeevan Amar works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 7,830 | 20 years | 20 years | Rs 1,56,600 | Rs 50 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 50 lakhs will be paid to their nominee.
Here are the benefits associated with the LIC Jeevan Amar
LIC Jeevan Amar Plan No. 855
You can add the following riders to your LIC Jeevan Amar Plan:
In case of the policyholder’s demise due to the accident benefits are paid to their nominee.
Here is the list of exclusions associated with the plan:
LIC Jeevan Amar Plan is a simple and easy to understand plan that protects your loved ones financially in case of your unfortunate demise during the policy tenure. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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