LIC Jeevan Amar Plan 955 – Complete Guide to Secure ₹25 Lakhs Protection
When it comes to protecting your family’s future, choosing the right term insurance plan is very important. LIC Jeevan Amar Plan 955 is a pure term insurance plan designed to provide financial security to your loved ones in case of your unfortunate demise during the policy term. It is a non-linked, non-participating, individual pure risk premium plan that focuses completely on life protection.
Unlike savings or investment plans, LIC Jeevan Amar Plan 955 does not offer maturity benefits because it is purely designed for high life coverage at affordable premiums. This makes it one of the best choices for individuals looking for maximum protection at a lower cost.
Disclaimer:
🔍 What is LIC Jeevan Amar Plan 955?
LIC Jeevan Amar Plan 955 is a term insurance plan that provides a lump sum death benefit if the life assured passes away during the policy term, provided the policy is in force.
It can be purchased offline through licensed LIC agents, brokers, corporate agents, and insurance marketing firms.
⭐ Key Features of LIC Jeevan Amar Plan 955
✅ Pure Term Insurance Plan
✅ Minimum Sum Assured: ₹25,00,000
✅ No Maximum Limit (subject to underwriting)
✅ Policy Term: 10 to 40 years
✅ Premium Payment Options: Single, Regular, Limited
✅ Two Death Benefit Options: Level & Increasing Sum Assured
❌ No Maturity Benefit
❌ No Loan Facility
💰 Death Benefit Options Explained
1️⃣ Level Sum Assured Option
Under this option, the nominee receives a fixed sum assured throughout the policy term.
For regular and limited premium policies, the “Sum Assured on Death” will be the highest of:
7 times annualized premium
105% of total premiums paid
Absolute amount assured
2️⃣ Increasing Sum Assured Option
Under this option, the Basic Sum Assured increases by 10% every year from the 6th policy year till the 15th year or earlier death and then remains constant.
This option is ideal for people who want increasing protection to match inflation and future financial responsibilities.
📊 LIC Jeevan Amar Plan 955 – Plan Overview Table
| Feature | Details |
|---|---|
| Plan Type | Non-linked, Non-participating Pure Term Plan |
| Plan Number | 955 |
| Minimum Basic Sum Assured | ₹25,00,000 |
| Maximum Sum Assured | No Limit (Subject to Underwriting) |
| Policy Term | 10 – 40 Years |
| Premium Options | Single / Regular / Limited |
| Grace Period | 30 days (15 days monthly mode) |
| Loan Facility | Not Available |
| Maturity Benefit | Not Available |
📌 Eligibility Criteria
Minimum Age at Entry: 18 years
Maximum Age at Entry: 65 years
Maximum Age at Maturity: 80 years
Minimum Policy Term: 10 years
🔄 Revival & Grace Period
If premiums are not paid within the due date, a grace period of 30 days (15 days for monthly mode) is allowed.
If the policy lapses, it can be revived within 5 consecutive years from the date of first unpaid premium.
❓ Frequently Asked Questions (FAQs)
1. Is LIC Jeevan Amar Plan 955 a good term insurance plan?
Yes, it provides high coverage at affordable premiums and offers flexible options.
2. Does this plan offer maturity benefits?
No, it is a pure term plan without maturity benefits.
3. What is the minimum sum assured?
₹25,00,000.
4. Can I take a loan against this policy?
No, loan facility is not available.
5. What is the minimum policy term?
10 years.
6. What premium payment options are available?
Single, Regular, and Limited premium payment.
7. What happens if I miss a premium?
You get a grace period of 30 days (15 days monthly mode).
8. Can the policy be revived?
Yes, within 5 years of first unpaid premium.
9. Is surrender value available?
Generally, no surrender value, except specific conditions under Unexpired Risk Premium Value.
10. Who should buy LIC Jeevan Amar Plan 955?
Anyone looking for affordable high life cover to protect family income and liabilities.
🏆 Why Choose LIC Jeevan Amar Plan 955?
If your goal is maximum life protection at minimum premium, LIC Jeevan Amar Plan 955 is a strong option. With flexible premium modes, increasing coverage option, and high sum assured starting from ₹25 lakhs, it ensures your family remains financially secure even in your absence.
Comment below / Contact us to get your quote and buy this insurance.
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