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20 Things to know about LIC Jeevan Amar Term Plan Search …

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August 22, 2019  Suresh KP

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term life insurance coverage

Things to know about LIC Jeevan
health coverage plans
Amar Term Plan
lic term insurance plan
Few days back, LIC has launched a
health insurance online
new term plan LIC Jeevan Amar. LIC
and its agents have been advertising best mutual funds
this plan. LIC has launched its new
Term plan after a long time and there
are several good features in this.
However, one should go through all
Person Behind this blog
its features and limitations before considering it. In this article we would provide various
things to know in LIC Jeevan Amar before considering this term insurance plan. Suresh KP i.e. me, have written 1800+
articles on this Blog. I love doing analysis on
20 Things to know about LIC Jeevan Amar Term Plan
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 Here are some important things you should know.

1) LIC Jeevan Amar is a new term insurance plan launched by LIC on 5th August, 2019. Top Posts and Pages
 LIC already has several term insurance plans now.
190 Good Small Business Ideas with Low
2) This LIC Term plan is non linked and non participating term insurance plan.
Investment
3) This is an offline term insurance plan. Means you cannot buy this online. You need to How to file revised Income Tax Return
approach LIC branch or LIC agent to buy this term insurance plan. (ITR) in India?
Top 7 Best Term Insurance Plans in India
4) This term insurance plan can be taken by any individual who is in the age of 18 years in 2019-2020
to 65 years and renewals can be done till 80 years of age. 44 Best Manufacturing Business Ideas
with low investment and high profits
5) This term insurance plan has a minimum sum assured of Rs 25 Lakhs and maximum sum 10 Best SIP Plans for 10 years to invest in
assured with no limit. These days Rs 25 Lakhs sum assured is minimum amount considering India
by any one. This sum assured is available in level sum assured and increasing sum assured.

6) LIC Jeevan Amar Plan is available with regular premiums (monthly, quarterly or yearly
premiums), single premium and with a limited period premium plan. In case of limited
premium plan you would pay a premium upto this period only, but you would get term
insurance plan risk coverage for the entire tenure of the plan taken.

7) LIC Term plan has death benefit where in case of death of insured individual, nominee
would get sum assured either in lumpsum or in installments. One can opt for installments
of 5 years or 10 years or 15 years to take such death benefit. Since it is term plan, there
is no maturity benefit or surrender benefit available.

8) This term plan provides Life insurance coverage up to 80 years of age.

9) LIC Jeevan Amar offers accident death benefit rider, which is optional.

10) This term insurance plan offers low premiums for women and non smoking
individuals.

11) This plan is available for 10-40 year tenure.

12) In case of a limited premium plan, you can opt for 5 years or 10 year period for
premium payment.

13) High Sum Assured Rebate available between 4% to 20% of premium.

14) Since this is a term insurance plan, loan facility is not available.

15) This LIC Jeevan Amar Plan No is 855 and LIC ID is : 512N332V01.

16) LIC is trusted brand, hence premiums would be on the higher side compared to some
of the other term insurance plans.
Category of Articles

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 17) LIC Jeevan Amar Premium would be at 4,356 per year for 20 years individual for 20 Classroom Lessons (127)
year term plan for Rs 50 Lakhs Level Sum assured. It would be Rs 5,940 for similar tenure Fixed Income (273)
Insurance Plans (166)
and sum assured. The amount is Rs 11,475 for 40 years individual. If the increasing sum
IPOs (30)
assured is taken, premiums would be higher.
Millionare/Crorepathi Ideas (22)
18) You cannot switch from any existing term insurance plans to this new term insurance Money Saving Ideas (34)
plan. Mutual Funds (235)
Non Convertible Debentures (NCDs) (5)
19) If you are opting for single premium and want to surrender after a certain period, Other-Ideas (194)
applicable refund only would be returned to you. Retirement Planning (40)
Small Business Ideas (36)
20) If you want to opt for LIC Jeevan Amar and not aware of any LIC agent, you can send Stocks (371)
SMS with City name to 56767474 and LIC would contact you further. Taxation (110)

You can check complete review of LIC Jeevan Amar here.

If you enjoyed this article, share it with your friends and colleagues through Facebook
and Twitter.

Suresh KP

20 Things to know about LIC Jeevan Amar Term Plan

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j 36 s b r f y o 36SHARES

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