Term Insurance- LIC Jeevan Amar - Plan 855

LIC- Jeevan Amar (855) 


Lic Jeevan Amar Plan Example Below:

Your Age : 37 years. 

Sum Assured : 2500000

Term: 10years. 

Premium paying period : 10 years. 

Sum Assured Option: Level Sum Assured Premium Option : Regular Premium






PREMIUM PAYING CHART





BENEFIT AND COVERAGE TABLE




LIC- AMAR TERM INSURANCE POLICY DETAILS

Product Summary: Jeevan Amar (855) is a Non-Linked, without-profit pure protection plan with minimum Sum Assured of 25,00,000. Two death benefit options available in this plan are 1. Level Sum Assured and Increasing Sum Assured. Two categories of premium are available under 1. Smoker and 2. 

Non-Smoker category.


Premium Payment Mode: Regular premium, Single premium or Limited premium(term - 5 and term - 10).


Term: 10 to 40 Years


Minimum Age at Entry: 18 Years (Last Birthday)


Maximum Age at Entry: 65 Years (Last Birthday)


Premium paying term: Regular premium: Same as policy term. Limited Premium (Policy Term- 5 Years and Policy Term -10 Years


Minimum Sum Assured: Rs. 25,00,000


Maximum Sum Assured: No Limit (Subject to other conditions)


Riders Available Nil


Accidental Death and Disability Benefit (ADDB): Not available


On Death: For regular premium and limited premium payment policy, Sum Assured on death is defined as the highest of 1. Seven times of annualised premium; or 2. Hundred and five percent of all the premium paid as on the date of death; or 3. the absolute amount assured to be paid on death. Absolute amount assured to be paid o death shall depend on death benefit option chosen at the time of inception of the policy as given below. Option 1. Level Sum Assured - Amount equal to basic sum assured.Option 2. Increasing Sum Assured - Equal to basic sum assured till 5th year and increases every year by 10% up to 15th year, and remains constant at 2 times sum assured there after.


On Survival: Noting is payable on survival as it is a pure term plan.


Surrender Value: No surrender value will be available under this plan.


Loan: No Loan available


Income Tax Benefit: Premium under this plan is eligible for tax benefit under section 80C of income tax act.


Proposal Form Form No 300 and 340



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