LIC Jeevan Amar( Table NO. 190) Pure term plan from LIC OF INDIA
If you are looking for high life cover at affordable premium, LIC Jeevan Amar (Plan 955) is one of the most powerful pure term insurance plans offered by Life Insurance Corporation of India.
It is a non-linked, non-participating, individual, pure risk premium life insurance plan designed to provide financial protection to your family in case of your unfortunate demise during the policy term.
This plan is ideal for:.
- Income earners.
- Business owners.
- Professionals.
- Loan protection.
- Family income replacement.
- Tax saving under Section 80C
Why Choose LIC Jeevan Amar?
✔ High Risk Cover at Low Premium
✔ Backed by Government of India undertaking
✔ Trusted Brand – LIC
✔ Suitable for long-term financial planning
✔ Ideal for income replacement
✔ Flexible premium options
✔ Inflation protection with increasing cover
What is LIC Jeevan Amar?
LIC Jeevan Amar is a pure term insurance policy that provides death benefit only. There is no maturity benefit.
If offers:
- Large Sum Assured(25lac+)
- Two options: 1) Level Sum Assured (Under this option, the Basic Sum Assured remains constant throughout the policy term) 2). Increasing Sum Assured( Sum Assured increases by 10% every year,Increase continues for first 10 yearsMaximum increase up to 200% of Basic Sum Assured )
Key Features of LIC Jeevan Amar
1. Plan Type
- Non-linked
- Non-participating
- Individual
- Pure Risk Premium Plan
2. Sum Assured
- Minimum: ₹25,00,000
- No upper limit (subject to underwriting)
3. Policy Term
- Minimum: 10 years
- Maximum: 40 years
4.Premium Paying Term
- Regular Premium (till policy term)
- Limited Premium Payment Option available
Why Choose LIC Jeevan Amar?
✔ High Risk Cover at Low Premium
✔ Backed by Government of India undertaking
✔ Trusted Brand – LIC
✔ Suitable for long-term financial planning
✔ Ideal for income replacement
✔ Flexible premium options
✔ Inflation protection with increasing cover
LIC Jeevan Amar – Who Should Buy?
- Salaried individuals
- Businessmen
- Professionals
- Parents with dependent children
- Individuals with home loan
- Young earners starting financial planning.
If your income stops, your family should not suffer financially. LIC Jeevan Amar ensures their financial independence.
Documents Required
- Photo
- Pan
- Adhar
- Last 3 yrs ITR’s with computation.
- Cancel Cheque for NEFT(should have name printed on it)
- Id Proof of Nominee
- Bank proof Of Nominee
Forms required to Process Jeevan Amar
- Form no. 300
- SPL Mhr
- Physician Report
- FATCA
- Suitability Form
- ACR
Why Buy LIC Jeevan Amar from BestInsuranceDeals.in?
- Personalized financial consultation
- Premium comparison guidance
- Proper documentation assistance
- Claim support
- Expert LIC advisor guidance
FAQs about Jeevan Amar (Table No 190)
Yes, it is one of the most trusted term insurance plans in India, offering high coverage at affordable premiums.
No maturity benefit in pure term option
No, the coverage can not increase later however if the option II is chosen, then the sum assured will increase every year by 10% till it becomes 200%.
Yes, Medical is compulsory.
Yes, it is highly suitable for home loan protection and income replacement.
Policy may lapse after grace period. Revival option is very difficult process so it is advisable to keep the in force.