- Advertisement -
Home Investment LIC Jeevan Amar (Table 855)

LIC Jeevan Amar (Table 855)

- Advertisement -

LIC Jeevan Amar Table 855 is a New Term Plan by LIC. Jeevan Amar is a non-linked, non-participating life term insurance plan. LIC Jeevan Amar is offline term plan. The features of this plan are similar to LIC Tech Term Online Term Plan (Table 854). The main difference between these two plans is the amount of sum assured and mode of purchase. LIC Jeevan Amar is available only for offline purchase. Along with LIC Jeevan Amar, another online term plan LIC Tech Term is launched. You can read a review of LIC Tech Term plan here. Prior to this LIC has already launched other term plans such as e-Term, Amulya Jeevan, Anmol Jeevan, etc. However, this plan is different. Here is information about LIC Jeevan Amar.

Jeevan Amar Plan is launched on 5th Aug, 2019.

In this article, you will learn

LIC Jeevan Amar (Table 855) – New Term Plan by LIC

Key Features

  • Jeevan Amar is Pure Term Plan. This plan is sold in offline mode only.
  • This plan offers two benefit options level sum assured and increasing sum assured.
  • This plan offers lower rates for non-smoker lives.
  • Special premium rates for women is offered under this plan.
  • The coverage offered by this plan is up to 80 years of age.
  • Accidental benefit rider is available during premium paying term under regular and limited premium policies.
  • The death benefit can be taken as a lump sum or in installments.
  • You can pay premium as a regular, single or limited mode.
  • Minimum sum assured under this plan is 25 Lakh.

Also Read – LIC Premium Paid Certificate Download For Income Tax Purpose – Online

Eligibility Conditions

  • Entry Age – 18 years to 65 years
  • Maximum Maturity Age – 80 years
  • Minimum Sum Assured – 25 Lakh
  • Maximum Sum Assured – No Limit
  • Policy Term – 10 to 40 years
  • Premium Payment – Single, Regular, Limited Premium

LIC Jeevan Amar Vs LIC Tech Term

Product features of LIC Jeevan Amar and LIC Tech Term Plan are same. The differences between these plans are given in the following table

Jeevan Amar Plan Tech Term Plan
Offline Term Plan by LIC (Table 855) Online Term Plan by LIC (Table 854)
Minimum Sum Assured 25 Lakh Minimum Sum Assured 50 Lakh
BSA Multiple 1 Lakh up to 40 Lakh

BSA Multiple 10 Lakh after that

BSA Multiple 5 Lakh up to 75 Lakh

BSA Multiple 25 Lakh after that

High Sum Assured Rebate – 50 Lakh High Sum Assured Rebate – 1 Cr

LIC Jeevan Amar – Death Benefit

LIC Jeevan Amar Plan will be sold in two categories. Level sum assured and Increasing sum assured.

Level Sum Assured – Under level sum assured, the basic sum assured amount will remain constant throughout the policy year. Your nominee will receive the basic sum assured in case of unfortunate death of the policyholder.

Increasing sum Assured – Under increasing sum assured, basic sum assured will increase with the age. If a policyholder has opted for increasing sum assured nominee will receive an initial sum assured for the first five years. From 6th year to 15th-year sum assured will increase 10% per year. From 16th years onward till policy term sum assured will remain same. This means death benefit in case of increasing sum assured will depend on policy year of death. You nominee will receive death benefit as per applicability.

Jeevan Amar

The death benefit described above is same as that for LIC Tech Term Plan.

Death Benefit Payment Option

At the time of purchasing policy, you have option to select death benefit payment option.

  • Lump Sum Payment – This option leads to onetime settlement of death benefit. Nominee will receive sum assured as death benefit in the single go.
  • Installment Payment – This option leads to division of death benefit into installment. Nominee will receive installment in 5 years, 10 years or 15 years as per selection of option. This option can be opted at initial stage or later stage during policy year.

LIC Jeevan Amar – Premium Detail

LIC Jeevan Amar Premium Details for level sum assured and Increasing sum assured is given below.

Basic Sum Assured – 50 Lakh

Non Smoker

Male

Option 1 – Level Sum Assured

Age Policy Term Regular Annual Premium Annual Premium for Limited Premium Paying Term of (Policy Term minus 5 Years) Annual Premium for Limited Premium Paying Term of (Policy Term minus 10 Years) Single Premum
20 20 Rs.4356/- Rs.5104/- Rs.6556/- Rs.48928/-
30 20 Rs.5940/- Rs.6952/- Rs.8932/- Rs.66088/-
40 20 Rs.11475/- Rs.13545/- Rs.17595/- Rs.127395/-

Option 2 – Increasing Sum Assured

Age Policy Term Regular Annual Premium Annual Premium for Limited Premium Paying Term of (Policy Term minus 5 Years) Annual Premium for Limited Premium Paying Term of (Policy Term minus 10 Years) Single Premum
20 20 Rs.5715/- Rs.6660/- Rs.8595/- Rs.63720/-
30 20 Rs.8415/- Rs.9900/- Rs.12870/- Rs.94095/-
40 20 Rs.17664/- Rs.20838/- Rs.27232/- Rs.195868/-

Note – Above premium rate is exclusive of GST amount.

Jeevan Amar Poster

Over to you –

LIC Tech Term and LIC Jeevan Amar both are term plan only difference is in sum assured and mode of purchase. Although LIC Tech term and LIC Jeevan Amar features are same you will find big difference in the premium amount. You need to pay more money for buying Jeevan Amar.

As far as flexibility and features it is a very good plan. It also provides a benefit of increasing in sum assured. This means you need not to purchase an additional policy at a later stage.

If you have not purchased term plan and looking for recommendation in making selection between Tech Term and Jeevan Amar. My advice would be to purchase online term plan LIC Tech Term.

For more information refer to LIC website.

- Advertisement -
- Advertisement -

Stay Connected

16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe

Must Read

- Advertisement -

This weekend set pandemic travel records

Travelers arrive at the Detroit Metropolitan Wayne County Airport in Romulus, Michigan, on Saturday, June 12. Matthew Hatcher/Bloomberg/Getty ImagesAirport security checkpoints on Sunday...

G7 nations pledge over 1 billion Covid-19 vaccine doses for the rest of world, UK prime minister says

US President Joe Biden arrives for a plenary session in Carbis Bay, England, on June 13. Phil Noble/Pool/AFP/Getty ImagesG7 leaders are expected to announce...

Related News

This weekend set pandemic travel records

Travelers arrive at the Detroit Metropolitan Wayne County Airport in Romulus, Michigan, on Saturday, June 12. Matthew Hatcher/Bloomberg/Getty ImagesAirport security checkpoints on Sunday...

G7 nations pledge over 1 billion Covid-19 vaccine doses for the rest of world, UK prime minister says

US President Joe Biden arrives for a plenary session in Carbis Bay, England, on June 13. Phil Noble/Pool/AFP/Getty ImagesG7 leaders are expected to announce...
- Advertisement -

89 COMMENTS

  1. Hey would you mind stating which blog platform you’re
    using? I’m planning to start my own blog soon but I’m having a hard time choosing between BlogEngine/Wordpress/B2evolution and
    Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique.

    P.S My apologies for being off-topic but I had to ask!

  2. I am extremely inspired along with your writing talents and also with the format on your weblog.
    Is that this a paid topic or did you customize it your self?
    Anyway keep up the nice high quality writing,
    it is rare to peer a great blog like this one today..

  3. Can I simply just say what a comfort to discover an individual who actually knows what they’re
    discussing on the net. You definitely realize how to bring a problem to light and make it important.

    A lot more people need to look at this and understand this side of the story.
    I was surprised that you’re not more popular since you certainly possess the gift.

  4. Have you ever thought about including a little bit more than just your articles?
    I mean, what you say is valuable and everything.
    Nevertheless imagine if you added some great images or video clips to give your posts more, “pop”!
    Your content is excellent but with pics and videos, this blog could undeniably be one
    of the greatest in its field. Great blog!

    Here is my web blog – best CBD gummies

  5. I just like the valuable info you supply for your
    articles. I will bookmark your weblog and check again here frequently.

    I’m quite sure I will learn lots of new stuff proper here!
    Good luck for the following!

  6. Oh my goodness! Awesome article dude! Thank you, However I am encountering problems with your RSS.
    I don’t know why I can’t subscribe to it. Is there anyone else getting similar RSS problems?
    Anybody who knows the solution can you kindly respond?
    Thanks!!

    Here is my web page – best delta 8 thc

  7. Hi there, I found your site by means of Google even as searching for a related matter, your site came up, it seems to be great.
    I’ve bookmarked it in my google bookmarks.
    Hi there, simply was alert to your blog thru Google, and found that it is really informative.
    I am going to watch out for brussels. I will appreciate for those who proceed this in future.
    Lots of people will be benefited out of your writing.

    Cheers!

    my website buy cbd

  8. Hey there just wanted to give you a quick heads up.
    The text in your article seem to be running off the screen in Ie.

    I’m not sure if this is a format issue or something to do with internet browser compatibility but I
    figured I’d post to let you know. The design and style look
    great though! Hope you get the problem resolved soon. Thanks

    Stop by my blog post :: area 52 delta 8 THC products

  9. My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the expenses. But he’s tryiong
    none the less. I’ve been using Movable-type on numerous websites for about a year
    and am anxious about switching to another platform.
    I have heard good things about blogengine.net. Is there a
    way I can transfer all my wordpress posts into it?
    Any help would be really appreciated!

    Also visit my web-site – delta 8 thc carts

  10. I was pretty pleased to find this page. I wanted
    to thank you for ones time for this particularly fantastic read!!

    I definitely loved every little bit of it and
    I have you saved as a favorite to check out
    new things on your site.

  11. hey there and thank you for your information – I have certainly picked up something new from right here.

    I did however expertise several technical points using this website, since
    I experienced to reload the web site a lot of times previous to I could get it to load
    correctly. I had been wondering if your web host
    is OK? Not that I am complaining, but slow loading instances times will very
    frequently affect your placement in google and could damage your high-quality score if advertising and marketing with Adwords.
    Anyway I am adding this RSS to my e-mail and
    can look out for much more of your respective exciting content.
    Make sure you update this again very soon.

    Here is my webpage: delta 8 vapes

  12. Takipçi Satın Almanın Önemi

    Sosyal medya uygulamalarında yer alan çoğu kişisel hesap,
    beğenilmek duygusu taşır. İşletme ve marka
    hesapları için de ürün ve hizmetlerini tanıtabilmek
    ve satışını yapabilmek önem kazanır. Az takipçisi olan bir hesap,
    Instagram kullanıcıları tarafından ciddiye alınmaz ve hesaba güven duyulmaz bu sebep ile takipçi sayılarını artırıp güven oluşturmak amaç edinilir.

    Takipçi satın alarak, hesaba güven oluşturulmasının yanı sıra Instagram keşfet kısmında da hesap görülür.
    Takipçi satın almanın en önemli avantajı zaten Instagram keşfet
    olur. Keşfet kısmına çıkan bir hesap doğal şekilde yeni takipçiler edinir.
    TAKipçi SATın al ödemesi ile yapılabilirken aynı zamanda havale ya da kredi kartı ile ödemeler gerçekleşir.
    Günümüz teknolojisinde mobil ödemelerde bulunur.

  13. It’s really a cool and helpful piece of info. I am happy that you just shared this useful
    info with us. Please stay us informed like this. Thanks
    for sharing.

  14. I?m amazed, I have to claim. Truly rarely do I come across a
    온라인카지노
    blog that?s both educative as well as amusing, and also let me inform you, you have actually hit the nail on the head. Your suggestion is exceptional; the concern is something that not nearly enough individuals are speaking smartly about. I am very happy that I came across this in my look for something connecting to this.

LEAVE A REPLY

Please enter your comment!
Please enter your name here