JEEVAN AMRIT
Some people,
particularly the younger ones, want to have high cover at a low cost. Further,
many of them do not want commitment to pay premiums for a longer duration. LIC's Jeevan Amrit
is most suitable for such persons. Under this plan premium payment is limited
to 3 or 4 or 5 years and the premium payable during the first year is higher
than the premiums payable in subsequent years.
Options:
You may choose Sum Assured (S.A.), Premium Paying Term, Policy Term and Mode of
premium payment.
Payment of Premiums
:
You may pay premiums yearly or half-yearly during the premium paying term of 3
or 4 or 5 years.
Death Benefit :
An amount equal to Sum Assured along with vested Simple Reversionary Bonuses
and Final (Additional) Bonus (if any) is payable in lump sum immediately on
death of the Life Assured during the term of the policy.
Maturity Benefit :
Payment of total amount of premiums (excluding extra premiums, if any) paid
along with vested Reversionary Bonuses and Final (Additional) Bonus, if any, in
case of Life Assured surviving to the end of the term.
Eligibility Conditions and
Other Restrictions :
|
Minimum Entry
Age |
: 12
years (last birthday) |
|
Maximum Entry
Age |
: 60 years
(nearest birthday) |
|
Maximum Maturity
Age |
: 70
years (nearest birthday) |
|
Minimum Sum
Assured |
: Rs. 1,00,000 |
|
Maximum Sum
Assured |
: No
limit |
|
Premium Paying
term |
: 3
to 5 years |
|
Policy term |
: 10
to 30 years |