This is the pure term insurance plan LIC has recently launched. As a term insurance policy, you get large life insurance coverage at very low premium rates and therefore give us the best form of insurance. This plan will be available offline which can be taken from LIC agent and it will be far more inexpensive than the LIC Amulya Jeevan II that was the previous similar term plan.
Frequently Asked Questions
LIC Jeevan Amar has two Options to choose from about the life insurance cover. First option is Level sum assured which will be fixed through out the policy term and Increasing sum assured where sum assured will insrease yearly 10% from 6th year to 15th year.
Policy term can be maximum 40 years or till the age of 80.
You have three different options – Single premium , Regular Premium, Limited Premium.
Yes. Available as on option.
Death benefit to nominee is paid in lumpsum or in installments over a period of 5, 10 or 15 years.
