• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
financial planner in Chennai

Financial Planners in Chennai | Financial advisor in Chennai | Assuredgain | Chennai | India

Chennai's #1 Financial Advisor & Planner

  • Home
  • About Us
    • Why Us – Best financial advisor in chennai
    • Employee Financial Wellness Program
    • Free Consultation With chennai’s No.1 Financial Adviser
  • Our services
    • Insurance Planning-
    • Tax planning
    • Investment Planning
    • Child Future Planning
    • Retirement Planning.
    • Employee Financial Wellness Program
  • Blog
  • Contact Us
  • Terms & Condition
  • Privacy Policy

LIC’s Jeevan Amar (No.855) – Term Life Insurance Review by AssuredGain

July 12, 2019 by assuredgain

LIC Jeevan Amar
LIC’s Jeevan Amar

LIC’s Jeevan Amar

LIC has launched its flagship term life insurance LIC’s Jeevan Amar (No.855). This is going to be one of the blockbuster term plan introduced by LIC as far as per experts in this field. Let us see the benefits and how it protects our family.

LIC’s Jeevan Amar (No.855) is a Non-Linked, Non-Participating Term Life Insurance Plan. After a long time, LIC launching a term life insurance. It is mainly because of the competition in this field of product.

LIC’s Jeevan Amar (No.855) – Must buy term plan

  • It is an OFFLINE Term Life Insurance from India’s trusted insurer LIC.
  • Minimum Sum Assured is Rs.25 lakhs and there is no limit for maximum sum assured. Do consult Financial advisor for amount of insurance required.
  • You can pay the premium as regular, single or limited.
  • You can opt for a level sum assured, where the sum assured you opted will remain the same throughout the policy period.
  • You can opt for an increasing sum assured also, where the death benefit will remain the same up to 5 years of the first policy period. After that, it will increases at a rate of 10% for the next 10 years. From the 16th year, it will remain the same.
  • Death Benefits can be taken in installments also of 5 years, 10 years or 15 years.
  • Coverage up to 80 years of age.
  • You can opt for Accidental Rider also.
  • Lower rates for Non-Smokers and special rates for women.

There are two subcategories on the basis of insurance coverage:

1. Level Sum Assured

Your nominee will receive the Sum Assured you opted while buying the policy. It will remain the same throughout the policy period.

2.  Increasing Sum Assured

Under this feature, the death benefit will be the same as that of the initial sum assured you have chosen for the first five years. From 6th policy year to 10th year, it will increase at the rate of 10% per year.  From the 16th year of the policy period, it will remain the same throughout the remaining policy period.

Accordingly, your nominee will receive the death benefit during which period of the policy your death occurs. Death benefit payment option to the nominee Your nominee can receive the death benefit as a lump sum or in installments. If you opted for installments, then LIC will pay the death benefit installments in 5 years, 10 years or 15 years.

You can choose the full death claim amount be payable in installments or a certain portion of death claim in installments. You can choose this installment option either at the time of buying or during the policy period.

Confused to buy Online or Offline ?

Most individuals think they save money by buying online which proves very costly at the time of claim settlement. Ordinary individuals tend to make wrong data entry while buying online which can even make the plan null and void and therefore losing all the premium and also insurance cover too.

Always insist on a qualified LIC adviser preferable MDRT agent who can help you to submit the proposal in a professional manner and assist you in every step of proposal completion. Finally a professional adviser will provide you complete peace of mind as many times claim procedure are lengthy and time consuming and only professional adviser with thorough knowledge will assist in claim.

[ninja_forms id=1]

No related posts.

Primary Sidebar

Recent Posts

  • SBI Life Retire Smart Pension Plan Reviews – Good or bad?
  • What is succession planning and why its important?
  • Bajaj Allianz Life Guaranteed Pension Goal Review- A Guaranteed Trap
  • 2021 Guide to Term life vs Whole life insurance
  • Stock-market Versus Whole-life insurance – Is your money committed or in a relationship

About Us

AssuredGain is a leading wealth management firm specialising in financial planning based in Chennai. We offer all the services traditional financial planners offer, except that at AssuredGain, we do things a little differently……and these differences mean we’re able to maximise your financial success and help you enjoy today – and retire life ready, certain you have enough.

More About Us

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Archives

  • March 2022
  • November 2021
  • July 2021
  • March 2021
  • October 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • August 2019
  • July 2019
  • May 2019
  • March 2019
  • September 2018
  • June 2018
  • December 2017
  • July 2017
  • March 2017
  • May 2015
  • November 2014
  • July 2014
  • May 2014
  • April 2014
  • February 2014
  • January 2014
  • December 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012

Connect with Us

Address: 5/318, Old Mahabalipuram Road, Oggiyampet, Chennai: 600097
Phone: +91-7200039282
Email: info@assuredgain.com

  • +91-7200039282
  • info@assuredgain.com

Tags

Advanced planning Bajaj Allianz- Best financial planner in Chennai Certified financial planner Chennai Chennai Chennai Financial planning education planning Financial Advisor financial freedom financial planner chennai Financial Planning Financial planning chennai Financial planning for singles financial products for women health insurance investment Investment Advice Investor Education LIC policy life insurance Money Money & Finances NCFM ncfm exam ncfm registration ncfm study material Permanent Total Disability personal accident policy policyholder Rajiv Gandhi Equity Savings Scheme real estate Real estate investments retirement planning for seniors retirement planning lic retirement plans india Save Tax savings sensex stockmarket Tax planning Top financial planners in Chennai Wealth Coach wealth management wealth manager Wealth Protection | Tagged insurance

Our Newsletter

Subscribe to our newsletter to get the latest updates from our blog. We respect your privacy.
+91 72000 39282

About Us

Footer

© 2022 ASSUREDGAIN FINANCIAL PLANNERS | All Rights Reserved.