LIC’s New Jeevan Amar Plan 855 1

A Non-linked, Non-participating, Life Term Assurance Plan – Offline Term

LIC is soon launching its offline term life insurance LIC’s Jeevan Amar (No.855)

Jeevan Amar (Table No.855) – USP / Features

  • It is an OFFLINE Term Life Insurance from LIC.
  • Minimum Sum Assured – Rs.25 lakh
  • Maximum sum assured – No limit
  • Premium – Regular, Single &  Limited
  • You can opt for a level sum assured, where the sum assured you opted will remain the same throughout the policy period.
  • You can opt for an increasing sum assured also, where the death benefit will remain the same up to 5 years of the first policy period. After that, it will increases at a rate of 10% for the next 10 years. From the 16th year, it will remain the same.
  • Death Benefits can be taken in installments also of 5 years, 10 years or 15 years.
  • Coverage up to 80 years of age.
  • Accidental Rider is available.
  • Lower rates for Non-Smokers and special rates for women.

ELIGIBILITY CONDITIONS

  • Entry Age – 18 to 65 years (LBD)
  • Max Maturity Age – 80 years (LBD)
  • Min BSA :Rs.50 Lakhs
  • Max BSA : No Limit
  • Policy Term – 10 to 40 years
  • Premium Payment – Single, Regular/ Limited (Yearly / Half-Yearly)

LIC’s Tech-Term Vs. LIC’s Jeevan Amar

Product features and variants under both the plans are same. The differences are as under:

Minimum Basic Sum Assured:

  • – Rs. 25 Lakhs under LIC’s Jeevan Amar
  • – Rs. 50 Lakhs under LIC’s Tech-Term

BSA multiples under LIC’s Jeevan Amar:

  • – Rs. 1,00,000/- BSA up to Rs. 40,00,000/-
  • – Rs. 10,00,000/- BSA thereafter

High Sum Assured Rebate from:

  • – Rs. 50 Lakhs under LIC’s Jeevan Amar
  • – Rs. 1 Crore under LIC’s Tech-Term

High Sum Assured Rebate: LIC’s Jeevan Amar

Option I: Level Sum Assured

Age Band As a % of Tabular Annual/Single Premium  
(LBD) Less than Rs. 50 Lakhs Rs. 50 Lakhs to less than Rs. 1 Crore   Rs. 1 Crore and above
<= 30 years Nil 12% 20%
31 – 50 years Nil 10% 15%
>= 51 years Nil 5% 7%

Option II: Increasing Sum Assured

Age Band As a % of Tabular Annual/Single Premium  
(LBD) Less than Rs. 50 Lakhs Rs. 50 Lakhs to less than Rs. 1 Crore   Rs. 1 Crore and above
<= 30 years Nil 10% 18%
31 – 50 years Nil 8% 13%
>= 51 years Nil 4% 6%

LIC’s Jeevan Amar: Sample Premium

Policy Term= 10 Years

Sum Assured= Rs. 1,00,00,000/-

PPT=10 Years

Mode= Yearly (Regular Premium Policy)

Category = Non-Smoker

Option 1: Level Sum Assured

Age (LBD) Male Female Remark (Per Month Equivalent Premium)
20 Rs. 8,080 Rs. 7,760 Male=673, Female=647
30 Rs. 9,280 Rs. 8,720 Male=773, Female=727
40 Rs. 16,065 Rs. 13,260 Male=1339, Female=1105

One comment on “LIC’s New Jeevan Amar Plan 855

  1. Reply Abhishek Gupta Aug 7,2019 2:22 PM

    63 years old person k liye Kitna premium hoga?

Leave a Reply

  

  

  

9 − three =

Time limit is exhausted. Please reload CAPTCHA.