LIC Jeevan Amar is a pure protection term plan

🛡️ LIC Jeevan Amar – Pure Term Insurance Plan

LIC Jeevan Amar is a pure protection term plan — it provides financial security to your family in case of your unfortunate death during the policy term.
It is a non-linked, non-participating, pure risk cover (no maturity or survival benefit).

🧩 Key Features

🧮 Plan Options Explained

1️⃣ Level Sum Assured

The sum assured remains constant throughout the policy term.

2️⃣ Increasing Sum Assured

The sum assured increases by 10% every year from the 6th policy year up to 100% increase (i.e., double).

💰 Example

Let’s assume:

• Age: 35 years
• Sum Assured: ₹1 Crore
• Policy Term: 25 years
• Premium Paying Term: 25 years (Regular)
• Option: Level Sum Assured
• Non-Smoker, Male

✅ Approx Annual Premium: ₹12,000–₹14,000 (depending on GST & mode)

⚖️ Death Benefit

If the life assured dies during the policy term:

• Death Benefit = Sum Assured on Death (as per chosen option)

👉 For Level Sum Assured: ₹1 Crore (fixed)
👉 For Increasing Sum Assured: Grows from ₹1 Crore to ₹2 Crore (gradually from 6th year onwards)

Paid to nominee as lump sum.

🎯 No Maturity Benefit

If the policyholder survives till the end of the policy term, no amount is payable.
This plan focuses purely on financial protection, not savings.

🧾 Additional Benefits

💎 Why Choose LIC Jeevan Amar

• 100% pure term plan — maximum protection at minimal cost
• High flexibility in cover options (level or increasing)
• Discounts for healthy and non-smoking individuals
• Suitable for family income protection, home loan security, or business continuity cover
• Backed by LIC’s trust and claim reliability

🧠 Example Summary in Simple Words

Suppose you take ₹1 Crore cover for 25 years. If you pay ~₹12,000 yearly and something unfortunate happens to you, your family will receive ₹1 Crore immediately.
If you survive 25 years, no payout — but you’ve secured your family’s financial stability for two decades at very low cost.