Term Plans

                                                Anmol Jeevan II

Anmol Jeevan II (Plan No.822)

LIC's Anmol Jeevan II is a pure term insurance plan which is primarily for protection only. 

Anmol Jeevan provides high risk coverage at low premiums but there is no maturity value.

Anmol Jeevan II provides financial protection to the insured family and dependent against

unfortunate death of the policy holder during the policy term. In case the policy holder survives the policy term, the insurance policy is terminated without any maturity returns.

Features:

• High risk coverage at low premiums
• No maturity returns
• this plan has no surrender value
• Loan cannot be taken against this policy
• Tax benefit U/S 80 C and U/S 10 (D)

Eligibility Conditions:

Double Tax Benefit:

U/S 80 C : Premiums paid under this plan are eligible for tax rebate U/S 80 C

U/S 10 (D) : Death claim amount is also tax free U/S 10 (D)

Possible Events during policy duration:

On Death

Nominee will get the sum assured immediately

On Maturity

Policy with terminate without any maturity returns

Other Points to consider:

• Double Accidental cover is not available in this policy
• Physically disabled person are not eligible for this policy
• People engaged in high risk work have to pay additional premium

Understand Anmol Jeevan II with an example:

Mr. Sanjay, aged 30 years takes Anmol Jeevan II policy cover on his life. He chooses the 

Sum Assured of rs 10,00,000/-  (ten Lakh Rupees only) for the duration of 15 years and pays an annual premium of Rs 2,812/- (Rupees Two Thousand Eight Hundred and Twelve only).  

Possible Events:

On death 

If Mr Sanjay dies during the policy term, his nominee will receive the Sum Assured 

i.e. Rs 10,00,000/- (Rupees Ten Lakhs only)

On Survival 

If Mr. Sanjay survives till the end of policy term, he will not get any maturity returns and 

the policy will terminate.

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                         Amulya Jeevan II

Amulya Jeevan II (Plan No.823)

Amulya Jeevan II is also a pure term insurance plan which is primatily for protection only.

This policy provides high risk coverage at low premiums but there is no maturity value.

The plan provides financial protection to the insured family and dependent against

unfortunate death of the policy holder during the policy term. In case, the policy holder

survives the policy term, the insurance policy is terminated without any maturity returns.

The basic difference between Anmol Jeevan II and Amulya Jeevan II is the Sum Assured.

Anmol Jeevan II is limited to the maximum sum assured of rs 24,00,000 (rupees twenty four rupees only). Amulya Jeevan II is for the customers who want even higher risk cover.

Features:

• High risk coverage at low premiums
• No maturity returns
• This plan has no surrender value
• Loan cannot be taken against this policy
• Tax benefit U/S 80 C and U/S 10 (D)

Eligibility:

Double Tax Benefit:

U/S 80 C : Premiums paid under this plan are eligible for tax rebate U/S 80 C

U/S 10 (D) : death claim amount is also tax free U/S 10 (D)

Possible Events during policy duration:

On death 

Nominee will get the sum assured immediately

On Maturity

Policy with terminate without any maturity returns

Other Points to consider:

• Double Accidental cover is not available in this policy
• physically disabled person are not eligible for this policy
• People engaged in high risk work have to pay additional premium

Understand Amulya Jeevan II with an example:

Mr. Suresh, aged 30 years takes Amulya Jeevan II policy for himself. He chooses sum 

Assured of Rs 50,00,000/- (Fifty lakh Rupees only) for the duration of 20 years.

The annual premium is Rs 12,850/- (Twelve Thousand Eight Hundred and Fifty only).

Possible Events:

On Death

If Mr. Suresh dies during the policy term, his nominee will receive the Sum Assured i.e

Rs 50,00,000/- (Fifty lakh rupees only)

On Survival

If Mr. Suresh survives till the end of policy term, the policy will terminate without any

maturity returns.

        Contact for the Details: 9291203177