 Early Times Report
Jammu, Aug 6: LIC Chairman M R Kumar today launched 'LIC's Jeevan Amar', a new Term Insurance plan. LIC's Jeevan Amar plan, is a Non-Linked, Without Profit, pure protection plan, available for sale offline. The plan offers the flexibility to choose from two death benefit options viz: Level Sum Assured and increasing Sum Assured. The plan is available for ages 18 years (last birthday) to 65 years (last birthday) with the maximum age at maturity at 80 years (last birthday). The plan offers a wide range of policy terms starting from 10 years to a maximum of 40 years.
Under this plan, there are two categories of premium rates viz (1) Non-Smoker rates and (2) Smoker rates. The Proposer/Life to be assured has an option to choose between Non-Smoker and Smoker category. Also lower premium rates will be available for female proposers. LIC's Jeevan Amar, being a pure protection plan, offers life cover to the policyholder at a very affordable price and ensures financial support for the family in case of unfortunate death of the policyholder during the policy term. The plan offers tax benefits as per prevailing Tax laws. |
