LIC Jeevan Amrit Plan

LIC Jeevan Amrit Plan is a limited payment endowment policy with bonus facility. Premium needs to be paid for a maximum of 5 years in this plan but the cover continues till the end of the policy. The first year premium under this plan is noticeably higher than the subsequent years’ premium.

In this plan, the Sum Assured + accrued Bonus would be paid as Death Benefit if the life insured dies within the policy tenure. However, if he lives till the policy maturity, then all the premiums paid till date along with accrued Bonus would be paid as Maturity Benefit.

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Death Benefit
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Maturity Benefit
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Premium Benefit
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Key Features

Guaranteed Returns

This plan an endowment plan with guaranteed returns

Death Benefit

Sum assured + accrued Bonus paid as Death Benefit.

Maturity Benefit

The premiums paid till date along with accrued Bonus is paid as Maturity Benefit.

Premium Benefit

Premium needs to be paid only for 3 to 5 years in this plan.

The first year premium is much higher than the subsequent year’s premiums so that the premium paying commitment is low.

Plan Benefit

There is a large Sum Assured rebate available under this plan.


Death Benefit

In case of death of the Life Insured, the nominee receives Sum Assured + Simple Reversionary Bonus + Final Addition Bonus

Maturity Benefit

At the maturity of the policy, the insured will get total Premiums paid till date + Simple Reversionary Bonus + Final Addition Bonus

Income Tax Benefit

Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)


  Minimum Maximum
Sum Assured (in Rs.) 1,00,000 No Limit
Policy Term (in years) 10 30
Premium Payment Term (in years) 3 5
Entry Age of Policyholder 12 60
Age at Maturity - 70
Single Premium (in Rs.) NA NA
Payment modes

Yearly and Half-Yearly


angle down iconWhat happens if policy holder stop paying my premium?

If you stop paying the premiums after paying first years’ premium in full, the policy acquires a Paid Up Value for a Reduced Sum Assured. If the Life Insured dies under this circumstance, the reduced Paid-up Sum Assured, along with vested reversionary bonuses, if any, shall be payable.

angle down iconWhat happen if policy holder want to surrender the policy ?

There is a Guaranteed Surrender Value after 3 policy years

angle down iconWhat if policy holder want a loan against your policy ?

Loan facility is available under this policy. The rate of interest at present is 9% p.a.