ANMOL JEEVAN (TERM PLAN)

LIC Anmol Jeevan 2 

  1. LIC released “Anmol Jeevan 2 (Table 822)” on 3rd February 2014 as per new guidelines of IRDA.
  2. In LIC Anmol Jeevan-2 Plan Service tax (GST) is added which is 18%. LIC Anmol Jeevan 2 Plan is a pure Term Insurance Plan.
  3. Anmol Jeevan 2 has no maturity benefits or no survival benefit.
  4. Anmol Jeevan has an only death benefit. LIC term insurance Anmol Jeevan-II covers for a limited period, i.e., maximum up to 25 years from the date of commencement of policy.
  5. Premium amount of Anmol Jeevan 2 is very less that is 2 to 3 rupees for 30 years aged person for 1000 rupees risk coverage.
  6. Anmol Jeevan 2 is a regular premium paying conventional without profit pure protection plan.

LIC Anmol Jeevan-II Plan 822 Parameters

Age:
  • Minimum age: 18 years (completed).
  • Maximum age: 55 years (nearest birthday).
Policy Term:
  • Minimum Policy Term: 5 years.
  • Minimum Policy Term: 25 years.
  • Maximum Risk Cover ceasing age: 65 years (nearest birthday).
Sum Assured:
  • Minimum Sum Assured: Rs. 6, 00, 000.
  • Maximum Sum Assured: Rs. 24, 00, 000.
Premium Paying Mode:
  •  Yearly, Half Yearly.

Lic Anmol Jeevan Plan 822 Benefits

  • Anmol Jeevan-II Maturity Benefit: At the end of the policy term, No benefits shall be payable.
  • Anmol Jeevan-II Death Benefit: The Sum assured is payable on the death of Life Assured.

Additional Anmol Jeevan LIC Policy details

Loan Facility: No loan is provided.

Riders: No riders are available under this plan.

Paid-up Value: Anmol Jeevan-II will not acquire any paid-up value.

Surrender Value: No surrender value will be available under Anmol Jeevan-II plan.

Policy Revival: Policy can be revived before 2 years from the date of First Unpaid Premium (FUP).

Suicide Clause: If insured commit suicide before 12 months he will be returned 80% of premium what he paid.

Service Tax (GST): 18% service tax is applicable.

Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 15 days from the date of receipt of the Policy.

Back-dating interest: The policies can be dated back within the same financial year.

Assignments/Nominations: Assignment and nominations is possible under this plan.