LIC Jeevan Amar Plan 855
Term Insurance Premium Calculator
LIC Jeevan Amar Plan 855 Overview
LIC Jeevan Amar Plan 855 is a pure protection term insurance plan that provides financial protection to the insured's family in case of unfortunate death during the policy term. It offers high cover at a very low premium.
Eligibility & Rules
- Minimum Sum Assured: ₹25,00,000
- Maximum Sum Assured: No Limit
- Policy Term: 10 to 40 Years
- Premium Paying Term: Regular, Limited, or Single
- Entry Age: 18 to 65 Years
Key Plan Benefits
- Death Benefit: Sum Assured on Death is payable to the nominee.
- Maturity Benefit: Nil. This is a pure protection plan with no survival/maturity value.
- Smoker/Non-Smoker Rates: Differential premium rates available.
Detailed Maturity Benefit
Nil. This is a pure risk protection term plan. No amount is payable on surviving the policy term.
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: Not Applicable. Pure term plans do not offer maturity or surrender values.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80C.
Example Calculation
| Parameter | Value |
|---|---|
| Sum Assured | ₹50,00,000 |
| Age / Policy Term | 30 / 20 Years |
| Yearly Premium (Approx) | ₹8,500 |
| Total Paid Premium | ₹1,70,000 |
| Maturity / Total Benefits | ₹Nil (Pure Protection) |
Calculating…