Jeevan Amar Plan - Most Awaited Cheapest Term Insurance

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.