New Jeevan Amar - Vision India Insurance

It is a pure term assurance plan with only benefits payable on death. Nothing is payable on maturity. It actually works like income protection as well as income replacement plan. The policy can be taken by any person between the ages of 18 years to 65 years for the term of 10 years to 45 years with minimum risk cover as Rs. 25 lakhs. It is having unique feature of Increasing death sum assured every year after completion of 5th policy year.



    You can acquire a higher risk life insurance policy for a very low price.
    Only as much as you would normally spend on tea or coffee.
    A risk cover starting at Rs. 25,00,000 should be obtained.


    Discounts are available on the premium for the bigger sum assured.
    Lower premium rates are applied, and a rebate on the premium is offered if the amount assured is greater than Rs. 500,000.


    In case of untimely demise due to an accident, an additional sum equal to basic sum assured will be given.
    You can secure your life for high insurance protection on accidental death by paying a small additional premium amount.


Eligibility Criteria:

Entry At Age18 Years (Last Birthday)65 Years (Last Birthday)
Term10 Years40 Years
Sum Assured25,00,000No Limit
Mode of PaymentYearly, Half-Yearly, Single

The Basic Sum Assured shall be in multiples of:

1,00,000/-, if Basic Sum Assured for the policy is 25,00,000/- to 40,00,000/-

10,00,000/-, if Basic Sum Assured for the policy is above 40,00,000/-



Limited Premium: (Policy Term – 5) for Term 10 Years to 40 Years

                              (Policy Term – 10) for Term 15 Years to 40 Years .     

Regular Premium: Same as Policy Term                                                     

Death Benefits:

For Regular and Limited Premium Payment Policies:

7 times of Annualized Premium


105% of Total Premiums paid till the date of death


Absolute Amount Assured to be paid on death

For Single Premium Payment Policies:

125% of Single Premium


Absolute Amount Assured to be paid on death

Absolute Amount assured to be paid on death shall depend on Death Benefit Option chosen at the time of taking this policy and is as under:

Option I:Level Sum Assured
Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured, which shall remain the same throughout the policy term.

Option II:Increasing Sum Assured
Absolute amount assured to be paid on death shall remain equal to Basic Sum Assured till completion of fifth policy year. Thereafter, it increases by 10% of Basic Sum Assured each year from the sixth policy year till fifteenth policy year till it becomes twice the Basic Sum Assured.

This increase will continue under an inforce policy till the end of policy term; or till the Date of Death; or till the fifteenth policy year, whichever is earlier.

From sixteenth policy year and onwards, the Absolute amount assured to be paid on death remains constant i.e. twice the Basic Sum Assured till the policy term ends.

Plan Benefits

Avail Tax benefit on Premium Paid

Tension Free Claim Settlement

Documents Required:

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