LIC New Jeevan Amar (Plan 955) is a pure term insurance policy designed to offer strong financial protection to your family at highly affordable premiums. This non-linked, non-participating plan focuses solely on life cover, ensuring that your loved ones are financially secure in case of an unfortunate event. With flexible options, customizable coverage and wide eligibility, this plan is ideal for individuals seeking reliable long-term protection.
• Pure Term Protection: Offers only risk cover, ensuring higher sum assured at lower premiums.
• Two Death Benefit Options: Level Sum Assured or Increasing Sum Assured.
• Flexible Premium Payment: Choose Regular, Limited or Single premium payment modes.
• Policy Term Options: Freedom to choose policy duration as per life goals.
• Optional Riders: Enhance protection with LIC Accident Benefit Rider.
• Lower Premiums for Non-Smokers: Special premium rates for healthy individuals.
LIC New Jeevan Amar offers two types of death benefits:
1. Level Sum Assured: The sum assured remains constant throughout the policy term.
2. Increasing Sum Assured: Coverage increases by a fixed percentage after a certain period, offering inflation-adjusted protection.
These options allow policyholders to choose coverage that matches their financial responsibilities.
The plan offers multiple premium payment options:
• Regular Premium: Pay throughout the policy term.
• Limited Premium: Pay for a limited period while enjoying full-term protection.
• Single Premium: Make a one-time payment for lifetime coverage.
• Minimum Entry Age: 18 years
• Maximum Entry Age: 65 years (varies with options)
• Policy Term: 10 to 40 years
• Minimum Sum Assured: ₹25 lakhs
• No Maturity Benefit: Since it's a pure term plan, no amount is paid at maturity.
• Highly affordable premiums for high coverage
• Ideal for family protection, financial planning and long-term security
• Flexible coverage options for changing responsibilities
• Backed by LIC’s trust, transparency and long-standing reputation
LIC New Jeevan Amar (Plan 955) is a robust term insurance option for anyone seeking dependable life cover at an economical price. With flexible benefits, wide coverage options and customizable protection, it ensures your family stays financially secure even in your absence. For individuals prioritizing pure protection over savings, this plan is a highly recommended choice.