LIC Jeevan Amar (Plan 855, UIN 512N332V01) is LIC's earlier offline pure term plan, later replaced by New Jeevan Amar 955, which has since been withdrawn too. It covered ages 18 to 65 for 10 to 40 years, up to age 80, with at least ₹25 lakh of level or increasing cover. On our estimate, a 30-year-old non-smoking man paid about ₹12,480 a year for ₹1 crore of level cover over 30 years.
Jeevan Amar 855 Premium Calculator
Your estimate
- Premium paying term
- 30 years
- Total premium paid
- ₹3,74,400
- Sum assured on death
- ₹1,00,00,000
- Maximum cover in the term
- ₹1,00,00,000
- High sum assured rebate
- 20.00%
- Cover till age
- 60 years
- Total premium paid₹3,74,4004%
- Life cover₹1,00,00,00096%
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What is LIC Jeevan Amar Plan 855?
LIC Jeevan Amar (Plan No. 855, UIN 512N332V01) is a non-linked, non-participating pure term plan that LIC sold offline through agents. The nominee receives a large lump sum if the life assured dies within the term. Nothing is paid if the policyholder survives. The plan was replaced by New Jeevan Amar 955, which has since been withdrawn too. This page helps existing 855 policyholders understand their cover and cost.
Jeevan Amar 855 at a glance
| Feature | Details |
|---|---|
| Plan number / UIN | 855 / 512N332V01 |
| Plan type | Pure term assurance |
| Entry age | 18 to 65 years (last birthday) |
| Maximum age at end of term | 80 years |
| Policy term | 10 to 40 years |
| Minimum sum assured | ₹25,00,000 (no upper limit) |
| Death benefit options | Level or increasing sum assured |
| Premium payment | Regular, limited (term − 5 / term − 10) or single |
| Premium modes | Yearly, half-yearly |
| Rider | Accidental death benefit rider |
| Status | Withdrawn; replaced by Plan 955 |
How the premium was calculated
The calculator starts from a rate per ₹1,000 of cover for your age and term. It then adjusts for gender (women pay less), smoking (smokers pay about a third more) and cover type (increasing costs more). Limited payment raises the yearly premium but shortens the paying years. Finally, it applies the high sum assured rebate: up to 20% for covers of ₹1 crore and more at younger ages.
Estimated yearly premiums (male non-smoker, level cover, regular premium):
| Age | Cover and term | Yearly premium |
|---|---|---|
| 30 | ₹50 lakh, 20 years | ₹5,236 |
| 30 | ₹1 crore, 30 years | ₹12,480 |
| 35 | ₹50 lakh, 25 years | ₹9,068 |
| 40 | ₹1 crore, 25 years | ₹22,780 |
For the 30-year-old with ₹1 crore over 30 years, half-yearly payment costs about ₹6,365 per instalment. Increasing cover (₹1 crore rising to ₹2 crore) costs about ₹18,037 a year. Paying over term − 5 years costs about ₹14,726 a year for 25 years.
Tip: premiums are GST-free from 22 September 2025. If your bank mandate still debits the older, GST-inclusive amount, check the next renewal notice with your branch.
Death benefit
On death during the term, the nominee receives the sum assured on death: the highest of 7 times the annualised premium, 105% of premiums paid, or the absolute cover for that year. For single-premium policies, it is the higher of 125% of the single premium or the sum assured. Under the increasing option, cover climbs from year 6 and doubles from year 16. The claim can be taken as a lump sum or in instalments, as chosen in the proposal.
No maturity value
There is no maturity or survival benefit. Regular-premium term policies also build no meaningful surrender value, so stopping premiums simply ends the cover after the grace period.
Tax benefits
Premiums qualify under Section 123 of the Income-tax Act, 2025 (earlier Section 80C) (old regime), and the death claim is tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)).
Jeevan Amar 855 vs New Jeevan Amar 955
955 keeps the same structure: level or increasing cover, three ways to pay, ₹25 lakh minimum and cover to 80. In the plan data we used, 955 adds quarterly and monthly modes and a larger rebate (up to 25%), with revised base rates. On our estimates, ₹1 crore at 30 for 30 years costs ₹12,480 under 855 and ₹17,702 under 955. That is another reason to keep an existing 855 policy running. For a wider comparison, use the LIC term plan calculator or look at the online New Tech-Term 954.
How to use this calculator
Enter gender, smoking status, age, term and sum assured, pick the cover and payment options, and choose a mode. The results show the yearly premium, instalment, rebate, total outgo, cover on death and the age until which you are covered.
Frequently asked questions
Is LIC Jeevan Amar 855 still available?
No. LIC replaced Plan 855 with New Jeevan Amar, Plan 955, and 855 is no longer sold. Policies already issued stay in force at their original premium for the full term, as long as premiums are paid on time.
What is the premium for ₹1 crore under Jeevan Amar 855?
On our calculator, a 30-year-old non-smoking man paid about ₹12,480 a year for ₹1 crore of level cover over 30 years, after the 20% high sum assured rebate. A woman of the same age paid about ₹10,234, and a male smoker about ₹16,598.
Does Jeevan Amar 855 give any money back at maturity?
No. It is a pure term plan. If the life assured survives the term, the policy ends without any payout. The benefit is paid only if death happens during the term.
How does the increasing cover option work in Plan 855?
Cover equals the basic sum assured for the first five years. From year 6 to year 15 it rises by 10% of the basic amount each year, and from year 16 it stays at double the basic sum assured. On our estimate, this option costs about 45% more than level cover at age 30.
My Jeevan Amar 855 receipts show GST. Do I still pay it?
Not on premiums due from 22 September 2025, when individual life insurance became GST-exempt. Before that, 18% GST was added to Jeevan Amar premiums, which is why older receipts show a higher amount than the base premium.
Should I switch from Jeevan Amar 855 to a newer term plan?
Usually not. Your 855 premium is fixed at the age you bought it. New Jeevan Amar 955 has also been withdrawn, and a current plan such as New Tech-Term 954 or Yuva Term 875 would be priced at your current, higher age and needs fresh underwriting. Switch only if you need more cover, and keep the old policy while doing so.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.