LIC Jeevan Amar Yojana: Insurance of Rs 50 lakh will be available in this insurance, know the specialty of the insurance

LIC Jeevan Amar Yojana will get an insurance of Rs 50 lakh in this insurance, know the specialty of the insurance : LIC’s Jeevan Amar policy is a non-linked, non-participating offline leisure insurance plan that provides financial protection to the insured’s family in the event of unfortunate death of the insured during the insurance period.

LIC Jeevan Amar Yojana

Flexibility to choose between two benefit options: Level Assured Sum and Increase Sum Assured. Flexibility to choose between paying a one-time premium, a regular premium and a limited premium! Choose insurance period / premium payment period! Opportunity to pay benefits in installments. Special prices for women. Benefit of attractive higher insurance amount discount. Two categories of premium prices, ie (1) non-smoking fees and (2) smoking fees. The application of non-smokers will be based on the results of the urinary cotinine test. In all other cases, prices apply to non-smokers. Opportunity to extend your coverage by choosing Accident Benefit Rider against payment of additional premium (Life Insurance Corporation) for rider benefit.

LIC Jeevan Amar Yojana – Eligibility conditions and other restrictions:

  • Minimum age at entry: [18] year (last birthday)
  • Maximum age at the time of admission: [65] year (last birthday)
  • Maximum age at maturity: [80] year (last birthday)
  • Minimum insured basic amount: Rs. 25,00,000.
  • Maximum insured basic sum: No limit for guaranteed basic sum: Will be in multiples of Rs. 1 000 000 / – if the basic amount for the insurance is Rs. 25,00,000 / – to Rs. 40,00,000 / – Rs. 10,00,000 / -, if the basic amount of the insurance (LIC Jeevan Amar Policy) exceeds Rs. 40,00,000 / -.
  • Policy period: [10 से 40] The year
  • Premium payment period: Regular premium: Same as the insurance period
  • Limited premium:[पॉलिसी अवधि घटा 5] years for the insurance period [10 से 40] The year
  • ,[पॉलिसी टर्म माइनस 10] Year to insurance period [15 से 40] Year
  • Single Premium: Not applicable

death benefit:

The death benefit to be paid in the event of a death claim that is permitted during the insurance period, provided that the insurance is in force, will be the “insurance amount in the event of death”. For insurance with a regular premium and payment of a limited premium, the “insurance amount in the event of death” is defined as the higher of: 7 times the annual premium; or 105% of all premiums paid on the day of death; or the entire amount to be paid in the event of death. For a single life insurance policy (Life Insurance Corporation), “death insurance amount” is defined as the higher of the following: 125% of the one-time premium. The full amount must be paid in the event of death. The premiums stated above shall not include any additional amount charged under the insurance due to insurance decisions and any rider premiums.

Key points for LIC Jeevan Amar (level 855)

It’s a pure life insurance policy. Very low premium compared to the previous semester plans launched by LIC (Life Insurance Corporation) in India. There are two options available for Assured Sum, the first is Level Assured Sum, ie. Sum Assured will be the same throughout the insurance period. The second is the increasing insurance amount where the insurance amount remains the same during the first five insurance years and then the insurance amount will increase by 10% every year for the next 10 years. There will be no increase in the insurance amount after the 16th insurance year. Separate rates for smokers and non-smokers and special rates for life insured are available.

For the first time in the LIC of India (Life Insurance Corporation), accident benefit riders are available with a time insurance. Various premium payment options are available, e.g. payment options for regular, simple or limited premium (LIC Jeevan Amar Policy). The minimum insurance amount is 25 lakh. Risk protection is available until the age of 80. The option of settlement is available in death benefits, ie it can be used in installments of 5 years, 10 years or even 15 years.

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