Jeevan Amrit

Endowment Assurance Plans -

Make Provisions for loved oneswhile enjoying
long-term personal benefits.

This is a plan designed to meet the needs of persons having high earnings for a short span, wherein, the income may decrease or stop thereafter. The premium paying capacity of such persons is quite high during the period of high income.

The premium will be high during first year and thereafter premium comes down significantly i.e.to the extent of halff or 1/3 rd or 1/4 th of the first year premium. This is a plan where the payment of premium is limited to 3 or 4 or 5 years and on can choose the policy term from 10 to 30 years. During PPT the premium payable during the first year is higher than the premium payable in subsequent years.

Maturuty Benefit : In case of Life Assured surviving to the end of the term, total amount of premiums [ excluding extra premium if any ] paid during the term of the policy, along with vested reversionary Bonus & FAB if any, will be paid back.

Product summary : 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.