LIC New Jeevan Amar Plan 955 Calculator

ByMohibul Islam Posted on LIC Term Assurance Plans
LIC New Jeevan Amar Plan 955 Calculator
LIC New Jeevan Amar Plan 955 | Non-linked, Non-participating, Pure Risk Plan | Ages 18–65 | BSA ₹25L+ | Policy Term 10–40 years | Available Offline through LIC agents, corporate agents, brokers and insurance marketing firms. Choose Level SA (flat cover) or Increasing SA (cover doubles by Year 15). Sample premiums are for Non-Smoker, Male, BSA ₹50 Lakh, Policy Term 20 years.
Smoker Rates Apply: This calculator uses published Non-Smoker (standard) rates. Smoker premium is approximately 30% higher. The exact smoker premium is determined by your LIC agent during underwriting. Please consult your LIC agent for an exact smoker quote.

LIC New Jeevan Amar Plan 955 Premium Calculator

Non-linked, Non-participating, Pure Risk Plan • Ages 18–65 • BSA ₹25 Lakh onwards • Available through LIC agents

yrs
Last birthday. Minimum 18, Maximum 65 years. Max maturity age is 80.
₹
Min ₹25L. ₹25L–₹40L in ₹1L steps | above ₹40L in ₹10L steps. No upper limit subject to underwriting.
yrs
10–40 years (max maturity age 80). Min 15 yrs for Limited PT−10. Min 10 yrs for all other PPTs.
Smoker Status Smoker premiums are higher. Confirmed by medical underwriting at time of purchase.
Death Benefit Option Option I: Death cover equals Basic Sum Assured (BSA) and remains constant throughout the policy term.
Premium Payment Term Regular Pay: premium paid every year throughout the policy term. Policy Term 10–40 years.
Premium Mode

Premium Summary

All amounts inclusive of 18% GST • Indicative based on brochure sample rates (BSA ₹50L, PT 20 yrs, Non-Smoker, Male)

Yearly — excl. GST: —
Half-Yearly — per instalment incl. GST
Single Premium — one-time incl. GST
— Annual Premium (excl. GST)
— Year 1 Death Cover
— Total Premium Paid (incl. GST)
— Death Cover at Maturity

Death Benefit Schedule

Year 1 Absolute Death Cover —
Year 10 Death Cover (1.5× BSA) —
Year 15+ Death Cover (2× BSA) —
Sum Assured on Death (Year 1) —

Year-wise Death Cover vs Cumulative Premium

Visual comparison of life protection (death cover) against total premium outflow over the policy term

Death Cover (₹) Cumul. Premium Paid

Year-wise Premium & Death Cover Schedule

Annual breakdown of premium outflow, death cover and Sum Assured on Death each year

YearAgeAnnual Premium (₹)Cumul. Premium (₹)Absolute Cover (₹)SA on Death (₹)
Disclaimer: This calculator provides indicative premium estimates based on sample rates published in the LIC New Jeevan Amar Plan 955 brochure for Non-Smoker, Male, BSA ₹50 Lakh, Policy Term 20 years. Actual premiums vary by policy term, BSA, smoker status, and medical underwriting. GST at 18% is included. This plan is available Offline through LIC agents, corporate agents, brokers and insurance marketing firms. ‘Sum Assured on Death’ reflects the highest of (a) 7× Annualised Premium, (b) 105% of Total Premiums Paid, or (c) Absolute Death Cover for Regular/Limited pay; or higher of 125% of Single Premium or Absolute Death Cover for Single pay. This tool is for illustrative purposes only — please consult your LIC agent for an exact premium quotation.

Mohibul Islam

Mohibul Islam

LIC Agent & Web Developer

Mohibul Islam is an LIC agent with 7+ years of experience. He also works in web development and blogging. He creates simple tools on LIC Plan Calculator  to help people understand LIC plans, calculate benefits, and make better financial decisions easily. Read More About »

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