LIC New Jeevan Amar Plan

It is a pure term assurance plan with only benefits payable on death. Nothing is payable on maturity. It actually works like income protection as well as income replacement plan. The policy can be taken by any person between the ages of 18 years to 65 years for the term of 10 years to 45 years with minimum risk cover as Rs. 25 lakhs. It has the unique feature of Increasing death sum assured every year after completion of the 5th policy year.

HIGH RISK COVER AT VERY LOW COST IN LIC NEW JEEVAN AMAR PLAN

At a very low premium, you can secure your life at higher risk cover. Cost as low as your daily tea/coffee expenses. Ensure a risk cover starting from Rs. 25,00,000/-

DISCOUNT ON HIGHER SUM ASSURED

A higher Sum Assured discount is offered on premium. If Sum Assured is more than Rs.500000/- then discount is given on premium and lower premium rates applied. 

ADDITIONAL ACCIDENT BENEFIT of LIC NEW JEEVAN AMAR PLAN

In case of untimely demise due to an accident, an additional sum equal to basic sum assured will be given. By paying a small extra premium amount, you can secure your life for high insurance protection on accidental death by opting Accident Benefit.

Advantages of LIC New Jeevan Amar Plan

Avail Tax benefit on Premium Paid

Tension Free Claim Settlement of LIC New Jeevan Amar Plan

Eligibility Criteria:

Premium Payment Option:

Regular Premium:      Same as Policy Term

Limited Premium:      (Policy Term – 5) for Term 10 Years to 40 Years
                                      (Policy Term – 10) for Term 15 Years to 40 Years                                                                                                         

Death Benefits of LIC New Jeevan Amar Plan:

For Regular and Limited Premium Payment Policies

• 7 times of Annualized Premium

Or

• 105% of Total Premiums paid till the date of death

Or

• Absolute Amount Assured to be paid on death

For Single Premium Payment Policies

• 125% of Single Premium

Or

• Absolute Amount Assured to be paid on death

Absolute Amount assured to be paid on death shall depend on Death Benefit Option chosen at the time of taking this policy and is as under:

Option I: Level Sum Assured
Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.

Option II: Increasing Sum Assured
Absolute amount assured to be paid on death shall remain equal to Basic Sum Assured till completion of fifth policy year. Thereafter, it increases by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured.

This increase will continue under an inforce policy till the end of policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier.

From sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured till the policy term ends.

Some Key Points About this Plan:

• LIC New Jeevan Amar is a pure term life insurance plan offering high life cover at low premium—ideal for securing your family’s future.

•  With flexible policy terms and premium payment options, this plan gives you the freedom to customize coverage as per your needs.

•  Choose between Level Sum Assured or Increasing Sum Assured to match your life stage and responsibilities.

•  Enhance protection with Accident Benefit Rider for extra security without breaking your budget.

•  No maturity benefit—but complete financial protection for your loved ones in case of untimely demise.

•  Backed by the trusted name of LIC, this plan is perfect for those seeking affordable, reliable, and flexible life insurance.

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