LIC Jeevan Amar Plan-855 Features, Benefits, Premium Calculator

LIC Jeevan Amar Plan-855 is a non-linked, non-participating term insurance plan that focuses on providing comprehensive life cover with flexibility to customize according to your needs.

Unlike investment-linked plans, LIC Jeevan Amar is a pure protection plan, meaning it’s all about ensuring financial security for your family in case of your absence. With options to adjust coverage, select premium payment modes, and choose between single or regular premiums, LIC Jeevan Amar is built to adapt to individual needs.

What is LIC Jeevan Amar Plan?

LIC Jeevan Amar Plan-855 is a term insurance plan designed for those seeking an affordable way to protect their family’s future. As a term plan, it provides no maturity benefit; its main purpose is to offer a life cover that delivers a lump sum to your family if something happens to you. The plan offers flexibility with options to choose the sum assured type, premium payment method, and coverage adjustments, so you get the exact protection you need without any excess.

Available to both smokers and non-smokers, Jeevan Amar also gives preferential premium rates for non-smokers, making it affordable and accessible to different categories of individuals.

Key Features of LIC Jeevan Amar Plan

1. Comprehensive Life Cover: Offers a robust life cover to ensure your family’s financial security.
2. Flexibility in Sum Assured Options: Choose between Level Sum Assured (constant coverage throughout) or Increasing Sum Assured (coverage increases over time).
3. Affordable Premiums: With preferential rates for non-smokers and flexible payment modes, the plan is budget-friendly and customizable.
4. Flexible Premium Payment Options: Pay premiums either as a single lump sum, limited period, or regularly throughout the term.
5. Optional Riders: Enhance your coverage with accidental death benefits or other rider options.

Why Choose LIC Jeevan Amar Plan-855?

1. Customizable Coverage: LIC Jeevan Amar’s flexible options make it easy to get the exact level of protection you want.
2. Affordable Protection: As a pure term plan, it’s designed to offer high cover at lower premiums without any investment component.
3. Dependable Financial Security: The lump-sum benefit helps secure your family’s financial needs, such as living expenses, education, or loan repayments, in your absence.
4. Smoker and Non-Smoker Rates: Non-smokers benefit from lower premiums, while smokers still have access to coverage.
5. Life Stage Flexibility: Options like Increasing Sum Assured allow the coverage to grow as your financial responsibilities increase over time.

Eligibility for LIC Jeevan Amar Plan

Feature	Details
Minimum Entry Age	18 years
Maximum Entry Age	65 years
Policy Term	10 to 40 years
Premium Payment Mode	Single, Limited, or Regular
Minimum Sum Assured	₹25 lakh

Sum Assured Options in LIC Jeevan Amar

1. Level Sum Assured: Your sum assured remains constant throughout the policy term, ensuring a predictable payout amount.
2. Increasing Sum Assured: The sum assured increases over time by 10% every five years, allowing your coverage to grow with your financial obligations.

Benefits of LIC Jeevan Amar Plan-855

With LIC Jeevan Amar, you gain access to key benefits that ensure strong financial protection for your loved ones:

• Life Cover Customization: Pick a Level or Increasing Sum Assured option to match your life stage and future financial needs.
• Flexible Premium Options: Choose from single premium, limited premium, or regular premium payment modes based on your financial situation.
• Cost-Effective: As a term plan, LIC Jeevan Amar provides higher coverage for relatively lower premiums.
• Add-On Riders: Add riders like accidental death benefits to enhance your coverage.
• Preferential Premiums for Non-Smokers: Non-smokers enjoy lower rates, making it an even more affordable choice.

How to Apply for LIC Jeevan Amar Plan-855?

Applying for LIC Jeevan Amar is a simple process:

1. Visit your nearest LIC branch or the official LIC website.
2. Fill in the application form and choose your sum assured type, policy term, and premium payment mode.
3. Submit necessary documents, including age proof, identity proof, and address proof.
4. Pay your premium based on your chosen payment mode.
5. Once approved, you’ll receive the policy documents, ensuring that your family’s future is protected.

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FAQs

1. Is LIC Jeevan Amar a good choice for family protection?

• Yes, LIC Jeevan Amar is a great choice for those looking for a customizable, affordable term insurance plan. It’s designed to provide financial protection to your family if something happens to you.

2. Does LIC Jeevan Amar have a maturity benefit?

• No, LIC Jeevan Amar is a pure protection plan and does not offer any maturity or surrender benefits. The policy only provides a payout in case of the policyholder’s death during the term.

3. Can I increase my coverage amount over time?

• Yes, you can opt for the Increasing Sum Assured option, which increases your coverage by 10% every five years, providing additional protection as your responsibilities grow.

4. What if I am a smoker?

• LIC Jeevan Amar offers coverage to both smokers and non-smokers, though non-smokers enjoy a lower premium rate due to their lower risk profile.

5. Are there any additional benefits or riders available?

• Yes, you can enhance your policy by adding riders, such as an accidental death benefit, to provide additional coverage and customize the plan further.

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Conclusion

LIC Jeevan Amar Plan-855 is a flexible and budget-friendly term insurance option for those who want strong financial protection for their families. Its flexibility in premium payments, coverage options, and the ability to customize with riders makes it a valuable choice.

With its affordable premiums and reliable coverage, LIC Jeevan Amar provides peace of mind, ensuring that your loved ones are financially secure, no matter what happens.