Back to MarketplaceRECOMMENDED
LIC — Term Assurance Plans
LIC's New Jeevan Amar (Plan 955)
Premium
₹22/Day
Sum Assured
₹25 Lakh - No Limit (multiples of ₹1L for 25-40L, ₹10L above 40L)
Term
10-40 Years
Premium Paying
Regular Premium / Limited Premium (PT-5 or PT-10) / Single Premium
Key Features
Level Sum Assured or Increasing Sum Assured option
Special lower premium rates for women
Two premium categories: Non-Smoker and Smoker rates
High Sum Assured Rebate for cover above ₹50 Lakh
Option to take death benefit in instalments (5/10/15 years)
Accident Benefit Rider available
Tax benefits under Section 80C & 10(10D)
Minimum Sum Assured ₹25 Lakh - No upper limit
Benefits
Maturity Benefit
No maturity benefit - Pure term insurance plan
Death Benefit
Higher of: (a) 7x Annualized Premium, or (b) Sum Assured on Death. Under Increasing SA option, SA increases by 10% p.a. from 6th year, doubling by 15th year. Minimum 105% of total premiums paid.
Available Riders
Accident Benefit RiderNew Term Assurance Rider
Eligibility
Age: 18-65 years (Level SA max PT 40 years, maturity age 80 years). Min SA ₹25 Lakh.
Highlights
LIC's flagship offline term plan - no upper limit on sum assured with special women rates