LIC Jeevan Amar Plan

The policyholder should meet the following criteria for LIC Jeevan Amar Plan:

Benefits of LIC Jeevan Amar Plan

1. Death benefit: The policyholder's family gets a lump-sum amount as death benefit in case of policyholder's demise.
   1. The 'Sum Assured on Death' for regular and limited premium will be the highest of:
      1. 105% of the total premiums paid as on the date of demise; or
      2. The actual amount assured to be paid on demise; or
      3. 7 times of annualised premium.
   2. The 'Sum Assured on Death' for single premium will be the highest of:
      1. The actual amount assured to be paid on demise.
      2. 125% of Single Premium
   3. The policy also gives option to avail death benefit in installments instead of lump sum amount.
2. Maturity benefit: The policyholder does not get any maturity benefit up on survival at the end of policy tenure.
3. Rider benefit: The policyholder can avail LIC's Accident Benefit Rider under the limited and regular payment options by paying an additional premium during the policy term, provided the minimum remaining premium paying term is five years.

Documents Required to Apply for LIC Jeevan Amar Plan

The following documents will be required to buy LIC Jeevan Amar Plan:

1. Identity proof: Aadhar Card, PAN card, etc.
2. Address proof: Water bill, electricity bill, bank passbook, etc.
3. Income proof: IT return, bank passbook, etc.
4. Health records.

LIC Jeevan Amar Plan Exclusions

The LIC Jeevan Amar Plan has the following exclusions:

1. In case of single premium, the corporation releases 90% of the premium paid if the suicide is committed within 12 months of risk commencement.
2. In case of regular and limited premium, the corporation releases 80% of the premium paid until death if the suicide is committed within 12 months of risk commencement.
3. There is no suicide exclusion for lapsed policies.