855 - Jeevan Amar
Power of LIC JEEVAN AMAR (T. No. 855)
Life Insurance Term Plan Premiums of PRIVATE COMPANIES
Image source: The Hindu newspaper dated 05-Aug 2019.
Top 10 points of uniqueness in LIC's Newly launched Term Insurance plan:
LIC's Jeevan AMAR is 1/3rd. lesser premium compared to older plans and competitive to that of private company's Term Assurance plans. {For Age 30 ; 1 crore Sum Assured ; 855-25-25 ; Yearly premium is Rs 13,999/- only} Refer the image above to compare our premiums with that of all private company's term plans.
Flexibility in Premium payment modes, viz. Regular , limited premium, Single.
Accident benefit rider
Surrender value for Ltd. & Single premium options.
Free Medical check-up at LIC TPA.
Lesser premium for female lives.
Eligible Entry starts from Age 18 & it is allowed up to 65.
Policy Term is 10-40 years and cover ceasing uptill Age 80.
High S.A. rebate up to 20% {for 1 crore ; age up to 30)
Revival of lapsed policies allowed upto 5 years from the earlier 2 years.