Jeevan Amar Plan - Most Awaited Cheapest Term Insurance

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LIC's  most awaited Cheapest Term Insurance Jeevan Amar Plan is going to be launched from Mon. 5th Aug

Let us in short understand the plan in brief.
  • This is Non linked, without profit Term plan.
  • Flexibility to Choose SA either Level SA or Increasing SA.
  • Level SA is same like prev. Plan and our other plans.
  • Increasing SA is For 1st 5 yrs it will be BSA then from 6th Year to 15th year it will increase 10% every year. Max. Double the BSA.
  • Premium is different for Smokers and Non Smokers Male and Female. Of-course Premium will be lower for non smokers.
  • At the inception Life Proposed has to choose Smoker or Non Smoker Category.
  • If he/she selects Non Smokers Category, he/she has to under 1 extra Urinal Cotinine Test.


  • Min. Age at Entry 18
  • Max Age at entry 65 (Cover will be upto 80 yrs.)
  • Max Premium Ceasing age 70.
  • Policy Term  10 to 40.
  • 3 modes of Premium allowed.
  • 1 Regular
  • 2 Limited Term (Term -5 or Term -10 yrs.)
  • Single Premium.
  • Mode of payment under Regular or Ltd payment are Yly and Hly only.
  • Min. Premium.  3000 For regular or Ltd payment.
  • SP it's 30,000/-
  • Min. SA 25 Lakhs.
  • Max no limit.

Optional Rider
Accident Benefit is allowed equal to BSA and Max. upto 1 Cr inclusive of AB availed under Existing all policies. (only AB under Jeevan Shiromani upto 1 Cr. will not be counted in this.) So incl. Shiromani and all plans Max 2 Crs AB is allowed per individual.

Premium Chart will be Different for
Male - Smoker
Male - Non Smoker
Female - Smoker
Female - Non Smoker.

Withdrawal of LIC's Amulya Jeevan 2 Plan 823

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LIC is withdrawing Term Plan -  Amulya Jeevan 2. Last sale of policy can be done on 4 Aug 2019.

Plan 823 Amulya Jeevan  will be withdrawn on 5th August.

LIC’s Jeevan Amar (Table No.855) – New Offline Term Life Insurance Plan

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LIC’s Jeevan Amar (Table No.855) – Offline Term Life Insurance Plan

LIC’s Jeevan Amar (Table No.855) is a Non-Linked, Non-Participating Term Life Insurance Plan.

Features of the LIC’s Jeevan Amar Plan

  • OFFLINE Term Life Insurance
  • Minimum Sum Assured - Rs.25 lakh
  • Maximum sum assured. - No limit
  • Premium Payment Option - Regular, Single or 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.
  • You can opt for Accidental Rider also.
  • Lower rates for Non-Smokers and special rates for women.
Eligibility
  • 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)
Death Benefit Options

Death Benefit Sum Assured
Level Sum Assured : Your nominee will receive the Sum Assured you opted while buying the policy.It will remain the same throughout the policy period.

Increasing Sum Assured : Under this feature,the death benefit will be the same as that of the initial sum assured you have chosen for the first five years.

From 6th policy year to 10th year,it will increase at the rate of 10% per year.
From the 16th year of the policy period,it will remain the same throughout the remaining policy period.

Accordingly,your nominee will receive the death benefit during which period of the policy your death occurs.

Death benefit payment option to the nominee

Your nominee can receive the death benefit as a lump sum or in installments.If you opted for installments,then LIC will pay the death benefit installments in 5 years,10 years or 15 years.You can choose the full death claim amount be payable in installments or a certain portion of death claim in installments.You can choose this installment option either at the time of buying or during the policy period.
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