Jeevan Amar

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Jeevan Amar

Eligibility Criteria of LIC Jeevan Amar :

Age of the Policyholder18 years to 65 years
Age of Maturity 80 years
Policy Term10 years to 40 years
Sum AssuredRs 25 lakhs to unlimited
Death Cover OptionsLevel Sum Assured & Increasing Sum Assured
Where To Buy?Offline
Premium Paying TermSingle-Premium OR Yearly OR Half-Yearly
Grace Period30 days

Benefits:

  • Death benefit:

    In case of a sudden demise during the policy tenure, your family/nominee will be entitled to receive the entire sum assured amount. The death benefit would be defined as 7 times of annualized premiums, 105% of the paid premiums and the absolute amount.

  • Surrender Value:

    There will be no surrender value under this Plan. However on surrender of policy in the following cases (for both Level Sum Assured (Option I) as well as Increasing Sum Assured (Option II) options), an amount will be refunded as per the regulations.

  • Riders:

    The plan also comes out with additional riders which will be really helpful when it comes to enhancing the basic cover. There are multiple riders that you can avail such as accident benefit rider that you can add to the base policy by paying a small additional premium.

  • Policy Loan:

    There will be no loan facility with this term insurance policy.

  • Free Look Period:

    If you are not happy with the insurer or the plan then you can cancel the same within the free look period that is under 15 days from the purchase date.

  • Rebate:

    The plan offers High Sum Assured Rebate which is applicable for Regular, Limited & Single Premium payment options.

  • Revival

    A lapsed policy can easily be revived during the whole lie of the insured. But, it should be within a period of 5 consecutive years from the date of first unpaid premium or as allowed by product regulations

We Send You The Plan Details Immediatly.

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We aim to offer our valued customers high-quality solutions at affordable rates to help them enjoy their life to the fullest.