Jeevan Amrit Lic Insurance policy   – Benefits – Features

About LIC Jeevan Amrit Plan:
This is suitable for the younger ones who desires  high cover at a low cost and do not want  to pay premiums for a longer duration. 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 :
Option to pay premiums yearly or half-yearly during the premium paying term of 3 or 4 or 5 years.

Eligibility Conditions and Other Restrictions :
Minimum Entry Age     :  12 years (last birthday)
Maximum Entry Age     :  60 years (nearest birthday)
Maximum Maturity Age     :  70 years (nearest birthday)
Minimum Sum Assured     :  Rs. 1,00,000
Maximum Sum Assured     :  No limit
Premium Paying term     :  3 to 5 years
Policy term     :  10 to 30 years

If you are not satisfied with the “Terms and Conditions” of the policy you may return the policy  within 15 days.

Check more details at LIC website here