LIC's New Jeevan Amar Plan 955 Calculator

Plan No. 955 (UIN: 512N350V02) - A Non-linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan

Your Current Age Min: 18, Max: 65 years (Last Birthday)

Gender Special rates may apply for women.

Smoker Status Smoker rates are generally higher.

Basic Sum Assured (₹) Min: ₹25,00,000. Multiples: 1L (25L-40L SA), 10L (>40L SA).

Death Benefit Option Choose how your sum assured behaves.

Policy Term (Years) Min: 10, Max: 40 years (Max Maturity Age: 80).

Premium Payment Option Choose how long to pay premiums.

Premium Payment Mode Frequency (for Regular/Limited).

Premium Options

Click on a premium option to see its details.

GST: Premiums shown are inclusive of 18% GST (assumed rate). Base premiums are exclusive of GST. Actual GST is as per prevailing rates.

Death Benefit Details

"Sum Assured on Death" is defined as:
For Regular/Limited Premium: Highest of (a) 7 times Annualised Premium, (b) 105% of Total Premiums Paid till death, (c) Absolute Amount Assured to be paid on death.
For Single Premium: Higher of (a) 125% of Single Premium, or (b) Absolute Amount Assured to be paid on death.
Annualised Premium excludes taxes, rider premiums, underwriting extras & modal loadings. Total Premiums Paid excludes extra premiums & taxes. Single premium excludes taxes, rider & underwriting extras.

Maturity Benefit

On survival of the life assured to the end of the policy term, no maturity benefit is payable under this plan.

Year-wise Benefit

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Policy Year	Age (End of Year)	Annualised Premium (₹)	Cumulative Premium Paid (₹)	Absolute Amount Assured (Death Benefit Base Plan) (₹)

Above illustration is for the chosen Sum Assured option (Level/Increasing) and base premium. Death Benefit shown is 'Absolute Amount Assured' of base plan for that year. The actual "Sum Assured on Death" will be higher of the defined conditions. Annualised Premium shown is the underlying annual premium before modal loadings, exclusive of GST.

Plan Summary

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Key Features:

A Non-linked, Non-participating, Individual, Pure Risk Premium Life Insurance Plan.
Provides financial protection to the insured's family on unfortunate death during the policy term.
Can be purchased Offline through Licensed agents, Corporate agents, Brokers and Insurance Marketing Firms.
Flexibility to choose Level or Increasing Sum Assured.
Option for Single, Regular, or Limited Premium Payment.
Special rates for women.
Attractive High Sum Assured Rebates.
Two premium rate categories: Non-Smoker and Smoker.
Option to enhance coverage with LIC's Accident Benefit Rider.
Option to take Death Benefit in instalments (5, 10, or 15 years).

Eligibility Conditions:

Minimum Entry Age: 18 years (last birthday)
Maximum Entry Age: 65 years (last birthday)
Maximum Maturity Age: 80 years (last birthday)
Policy Term:
- Minimum: 10 years
- Maximum (Level SA): 40 years
- Maximum (Increasing SA): Varies by age and Sum Assured band (Refer to policy term selection). Max 40 years.
- (All subject to Maximum Maturity Age)
Premium Paying Term (PPT):
- Regular Premium: Same as Policy Term
- Limited (PT-5): For Policy Term 10 to 40 years (PPT will be PT-5)
- Limited (PT-10): For Policy Term 15 to 40 years (PPT will be PT-10)
- Single Premium: One-time payment
Minimum Basic Sum Assured: ₹25,00,000
Maximum Basic Sum Assured: No Limit (subject to underwriting)
Sum Assured Multiples:
- ₹1,00,000 (for SA ₹25 Lakh to ₹40 Lakh)
- ₹10,00,000 (for SA above ₹40 Lakh)
Premium Payment Modes (Regular/Limited): Yearly, Half-Yearly
Minimum Premium Instalment: ₹3,000 (Regular/Limited), ₹30,000 (Single Premium) - exclusive of taxes.

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