Sunday, May 23, 2021

Std 12 th exam related news.

 Std 12 th exam related news. LIC Jeevan Amar Policy | LIC Jeevan Amar Policy Features, Benefits & Eligibility Criteria | Lic Premium For Jeevan Amar


LIC Jeevan Amar Policy is a Non-Linked, Without Profit, pure protection plan. The plan offers the flexibility to choose from two death benefit options viz: Level Sum Assured and increasing Sum Assured.

Table of Contents


LIC Jeevan Amar Policy

Under this plan, there are two categories of premium rates viz (1) Non-Smoker rates and

(2) Smoker rates. Also lower premium rates will be available for female proposers.

The policyholder has the option to choose from Single, Regular and Limited Premium payment option. The plan also offers the flexibility to choose death benefit payment either as a lump sum payment and/or in installments.

LIC Jeevan Amar Policy, being a pure protection plan, offers life cover to the policyholder at a very affordable price and ensures financial support for the family in case of unfortunate death of the policyholder during the policy term.

Eligibility Criteria of LIC Jeevan Amar

Age of the Policyholder 18 years to 65 years


Age of Maturity 80 years


Policy Term 10 years to 40 years


Sum Assured Rs 25 lakhs to unlimited


Death Cover Options Level Sum Assured & Increasing Sum Assured


Where To Buy? Offline


Premium Paying Term Single-Premium OR Yearly OR Half-Yearly


Grace Period 30 days


LIC Jeevan Amar Policy Features

Jeevan Amar by LIC comes out with multiple features to serve better to customers. All features are designed in a way that can offer several benefits. A few fine features are mentioned below for your perusal.

Death Benefit

In case of a sudden demise during the policy tenure, your family/nominee will be entitled to receive the entire sum assured amount. The death benefit would be defined as 7 times of annualized premiums, 105% of the paid premiums and the absolute amount.

Surrender Value

There will be no surrender value under this Plan. However on surrender of policy in the following cases (for both Level Sum Assured (Option I) as well as Increasing Sum Assured (Option II) options), an amount will be refunded as per the regulations.

Surrender Value

There will be no surrender value under this Plan. However on surrender of policy in the following cases (for both Level Sum Assured (Option I) as well as Increasing Sum Assured (Option II) options), an amount will be refunded as per the regulations.






Riders

The plan also comes out with additional riders which will be really helpful when it comes to enhancing the basic cover. There are multiple riders that you can avail such as accident benefit rider that you can add to the base policy by paying a small additional premium.

Premium Payments

This plan is designed in a way to offer multiple premium payment options. You can go for Regular Premium, Limited Premium or Single Premium payment options under this plan.

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