Jeevan Amrit

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Features:

Special Features:

Benefits:

Policy Parameters:

Features:

Jeevan Amrit is a new LIC plan scheduled to be launched on 28^th May 2007. Besides being a life insurance plan, Jeevan Amrit is also a ‘With Profit’ plan, as it provides assured sum along with profit sharing in the form of bonuses from the corporation. It belongs to the category of the most popular Endowment Assurance Plans bundled with following additional features.

Special Features:

*   Jeevan Amrit offers an attractive yearly or half-yearly premium payment schedule, where the payment period is limited to 3 or 4 or 5 years as decided by the policyholder.
*   LIC shares its profits via annually announced bonuses on the plan; even Paid-up policies are eligible to receive profits.
*   Once the policy has run for a certain time-period, Final Additional Bonuses are also paid.
*   If a customer is not satisfied, he/she can return the policy within 15 days of receipt of policy.

Benefits:

Death Benefits: Upon untimely death of the life insured within the term period of the policy, an immediate lump sum payment of the Sum Assured + Simple Reversionary Bonuses + Final Additional Bonus (if any) are paid.

Maturity Benefits: On maturity before death of the life insured, the amount equal to sum total of all premiums (excluding extra premiums, if any) + Reversionary Bonuses + Final Additional Bonus (if any) are paid.

Policy Parameters:

The plan’s Insurance cover provides the security of insurance and the endowment and bonus options make it a lucrative investment plan. The combination is best suited if you want to make all the investment within a few years and reap the benefits for almost the whole working life. Also the amount one can invest is unlimited.