Term Plan

Term Plan

"In case you are not there to hold him make sure you leave a safety net for him"

Benefits:

Amar Jeevan is an exclusive pure protection plan with Regular, Limited Payment & Single Payment Payment options

It is the best plan for Life Protection with lowest premium.

In this plan, the life assured gets the life cover till the age of 80 years

The discount in premium is available for non-smokers

Guaranteed increase of 10% in Sum Assured every year.

Death Benefit is also available in installments

Single Premium payment option under this is also available

LIC also gives the discount in premium for higher sum assured

There is an additional benefit of Accidental Cover up to Rs 1 crore is also available under this plan.

The policy holder will get the tax benefit u/s 80C

How does this policy work ?

Age=30 years, Policy Term=40years Sum assured=50Lacs Premium=Rs11,630(including GST) Life Cover=50Lacs Maturity Benefit=Nil

PREMIUM PAYMENT

40 YEARS

Premium=Rs.11,630

(Including GST)

Age Year
30
1
31
2
32
3
33
4
34
5
35
6
36
7
37
8
38
9
39
10
40
11
41
12
-
-
-
-
-
-
70
40
SUM ASSURED

50 LACS

LIFE COVER

50 LACS

MATURITY BENEFIT

NILL

Eligibility Criteria Minimum Maximum
Age Single Premium: 90 Days (Completed) Limited Premium Option-I: 90 Days (Completed) Limited Premium Option-II: 45 Years (Near Birthday) Single Premium: 44 Years (Near Birthday) Limited Premium Option-I: 60 Years (Near Birthday) Limited Premium Option-II: 65 Years (Near Birthday)
Policy Term 18 years
Premium Payment Term Single & 5 Years
Sum Assured Rs.1 Lac No Limit
Age at Maturity 18 Years (Completed) Single Premium: 62 Years (Near Birthday) Limited Premium Option-I: 75 Years Limited Premium Option-II: 80 Years
Rider LlC's ACCIDENT BENEFIT RIDER LlC's ACCIDENT BENEFIT RIDER