LIC Jeevan Amar
A non-linked, non-participating pure protection term assurance plan from LIC of India.
Overview
LIC Jeevan Amar is a pure risk term assurance plan from LIC of India with death benefit options as described in the official brochure. Eligibility, options and premium rates are per official LIC documentation.
Key features
- Choice of Level Sum Assured (fixed cover) or Increasing Sum Assured (cover that grows over the term)
- Single, Regular, or Limited premium payment options
- Death benefit can be taken as a lump sum or in installments over 5, 10, or 15 years
- Optional Accident Benefit Rider available for additional premium
- Rebates available on higher sum assured amounts
Eligibility
- Entry age and maximum cover amount vary by premium option and are set out in the official LIC brochure
- Special, lower premium rates available for women
- Separate premium rates for smokers and non-smokers
Benefits
- Guaranteed, fixed death benefit — no dependence on market performance or LIC's profits
- Lower premiums than a savings-linked plan, since it's pure protection with no maturity payout
- Premiums may qualify for tax benefit under Section 80C, and the death benefit is generally tax-exempt under Section 10(10D), subject to prevailing tax law
Policy term & premium payment
- Policy term
- 10 to 40 years, chosen at the time of purchase.
- Premium frequency
- Single (one-time), Regular, or Limited premium options, payable Yearly / Half-yearly / Quarterly / Monthly.
Who may consider this plan
People who want a straightforward, affordable pure-protection term plan focused on a large death benefit for their family, without any savings or maturity payout.
Important notes
Choosing between Level and Increasing Sum Assured, and between lump sum or installment death benefit payout, changes the cost and value of cover significantly — our advisor will help you work out the right combination for your family's needs before you apply.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.