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LIC's Jeevan Amar

  • Financial Ratios49 /100
  • Product Features67 /100
  • Price52 /100Affordable
  • Claims Experience91 /100
1 Finance Rank:This policy ranks 12th out of 17 policies for your age group.
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Product Features

  • Maximum Maturity Agedislike-iconUp to 80 Years
  • Premium Payment Modedislike-icon Regular, Limited and Single Pay
  • Premium Payment Frequencydislike-iconAnnual, Half-yearly, Quarterly, Monthly
  • Death Benefit Payout Optiondislike-iconLump-Sum

Financial Ratios

  • Solvency Ratiodislike-icon1.87 times
  • 13th Month Persistency Ratio (No. of Policies)dislike-icon 64.28%
  • 61st Month Persistency Ratio (No. of Policies)dislike-icon 49.86%
  • Commission Ratiodislike-icon5.39%

Claims Experience

  • Claim Settlement Ratio (CSR)- Value of Claimsdislike-icon95.19%
  • Claim Settlement Ratio (CSR)- No. of Policiesdislike-icon98.60%
  • Number of Registered Claim Complaintsdislike-icon4.88 Complaints per 10,000 Claims
  • Ageing of Claims (AOC) - Average (No. & Amount)dislike-icon77% Claim Score

About Life Insurance Corporation Of India

The Life Insurance Corporation of India (LIC), India's largest government-owned life insurance company, has been a prominent figure in the nation's insurance landscape since its establishment in 1956, known for its diverse range of insurance products and services.

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  • FOUNDED IN1956
  • CEOShri Siddhartha Mohanty
  • HEADQUARTERSMumbai, India
  • AUM₹31,29,514.79 Cr
  • PREMIUM UNDERWRITTEN₹4,75,751.92 Cr

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Term insurance plans offer flexible premium payment options for your financial convenience.
Disclaimer

1 Finance Private Limited is not regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and has no alliance or association with any Insurance companies. The Information contained above in the scoring and ranking model is provided solely for general interest, educational and informational purposes only and may not constitute any kind of advice.

The information for this report was compiled using information from insurance company websites, product brochures, policy wordings, IRDA Annual Reports, and publicly available data. Insurance is the subject matter of solicitation. It’s important to conduct your own research and analysis before making any financial decisions. If you're unclear about what to do, we advise consulting with an impartial advisor.