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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:
Min: 18 years
Max: 65 years
80 years
10 to 40 years
Single premium, Regular premium, Limited premium
Rs. 25,00,000
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:
The premium payable is largely
LIC Jeevan Amar plan allows
To let policyholders avail additional
LIC Jeevan Amar Plan offers attractive rebates
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 |
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:
Thereafter, the sum assured becomes constant for the remainder of the policy term.
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:
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.
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.
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 |
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 |
Mentioned below are some of the conditions which are not covered under the plan.
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:
Know more about LIC Term Insurance, its claim process, buying process, and contact details by clicking on the sections below:
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You can find other term policies offered by the LIC Term Insurance company in the section below:
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
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
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
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.)
Yes, as per the prevalent income tax laws, one can avail tax benefit on LIC Jeevan Amar Plan
No, since the policy does not have any maturity benefits, one cannot avail policy loans with LIC Jeevan Amar plan.
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:
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Read what our customers have to say about LIC Term Insurance Company
Aryan Dhaneja
Indore
October 4, 2021
fast claim settling...really happy with the help I received. Will be forever grateful to the agent who helped! Thanks
Kushagra Tyagi
Agra
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
Govind Deb
Kanpur
September 28, 2021
it was a pleasure purchasing life insurance from LIC. Very supportive staff and patient. Thanks guys!
Saheba Quereshi
Chandigarh
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
Kamlesh Kumar
Agra
September 22, 2021
sahi plan mil gyaa...i have to thank LIC jinke plans are budget mein...so i got gud cover at low premiums...
Sania Sharma
Agra
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
Gulsham
Guwahati
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
Kshtiz Chabbra
Pune
September 20, 2021
LIC ke plans are pretty reasonable priced which is what i like ...they can be bought by simple ppl like us!
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