New Jeevan Amar holders should begin with their policy paper because LIC now lists this version among withdrawn plans. That status concerns new sales and does not mean an existing policy has ended, so keep paying any premiums due and use the issued terms to check the cover already in place.
Read an existing Amar policy by its version
The plan offered protection through the offline channel with a choice of level or increasing cover and different paying schedules. For an existing New Jeevan Amar policy, check the insured person, term and chosen option together; a cover number alone does not tell the family how long the protection lasts.
Separate the sales channel from the benefit
The price also depended on the accepted smoking category and other health details, rather than a flat discount available to everyone who asked. If you need a fresh online protection quote, compare New Tech Term using current terms, without assuming that it must cost less than every older policy.
A level cover example for an existing policy
For fifty lakh rupees basic cover under the level choice, that stated cover does not rise each year merely because premiums have been paid. The death benefit follows the contract and claim conditions, while survival to the policy end brings no maturity money; do not treat the premium total as a savings balance.
FAQ
Q: Does withdrawal of New Jeevan Amar stop an existing family claim?
A: No, withdrawal from new sales alone does not remove an issued contract's benefits. The claim still depends on the policy being eligible and its stated terms.
Q: Can an old Amar non-smoker quote prove my new premium?
A: No. An old quote reflects a particular age, term and accepted health details. A fresh application needs its own assessment and an available product.
Q: Is the offline Amar plan a return-of-premium policy?
A: No. This version is pure term cover without a survival maturity payment. Any cancellation amount under a specific clause is different from getting all premiums back at maturity.