Amar Jeevan (table no. 855) is the latest offering from LIC of India. Amar Jeevan is a term plan with some very flexible options. It is the latest LIC term insurance plan launched in 2019.
The plan can be taken as a regular term plan and also has some optional featured that make it a unique term plan. In fact the options and the flexibility make Amar Jeevan the best term life insurance plan in India.
What is a term plan?
A term plan is the most basic life insurance plan. The plan is very simple to understand. The policyholder plays a fixed premium for the policy term and if the policy holder dies during the policy term, the nominee are paid the death claim. Please note there is no maturity claim in the plan. LIC new term plan is more flexible than the available plans in the market for both payment terms and claim settlement.
LIC New Term Plan
LIC of India launched new term plan in 2019 by the name of Amar Jeevan. LIC of India term plan are the best selling term plans with highest ration of claim settlement. Amar Jeevan Lic term insurance 1 crore starts from Rs. 763 per month.
LIC term plan 855, Jeevan Amar is a term plan which can work as regular term plan or as a special term plan with flexible options. The most popular version of the plan is LIC term insurance 1 crore. It is one of the best LIC plan that secures policy holder’s family.
LIC term plan details: the plan can be taken by anyone between the age of 18 and xx . The plan has a minimum sum assured as and there is no higher limit set. The plan can be taken for any sum assured provided the policy seeker can provide documents to support his sum assured requirement.
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The policy term is maximum 40 years and the maturity of the plan can only be till the policy seeker is .