LIC Amulya Jeevan and Anmol Jeevan

Nov 23


Aditi S

Aditi S

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There are more than 20 Life Insurance companies in India. You may find cheaper term insurance plans advertisements everywhere but always remember, you take term plans so that your family does not suffer in any way. Please check well before with the claim settlement history of the insurance company while buying term plan.


In our day to day life we see many uncertainties. We never know when those could touch us,LIC Amulya Jeevan and Anmol Jeevan Articles so we required pre planning for such events before they can leave our family helpless. If you are the only wage earner of your family, you must think twice before choosing a good Term Plan and good insurance company. You may save some penny to invest in a cheaper insurance plan but always remember you may never want your family to be in trouble for your own money when you are no more.

LIC of India has been providing insurance services since 1956. It has more than 2000 branches and 8 zonal offices in India. LIC has more than 250 million lives insured till now and has best claim settlement record as per Insurance Regulatory Development Authority 2011-2012 report. LIC has settled one crore policies settlement through NEFT. Company has more than forty life insurance products in line with various features for different segments

Apart from two basic Temporary Assurance Policy and Convertible Term Assurance Policies, LIC has Anmol Jeevan and Amulya Jeevan pure term Plans for higher returns and long term. Basically both plans have same features but kept separated for higher risk cover and average risk cover.

Anmol Jeevan Policy can protect one for the risk cover less than 25 lacs and Amulya Jeevan policy can cover risk cover greater than 25 lacs. Both policy has same eligibility for application and features. Policy can be taken by a person completed 18 years and the maximum age of entry is 55 years. Risk cover will be available till 65 years. One can take this policy for years 5 to 25. Minimum SUM assured is five lacs and maximum differs in both Anmol Jeevan and Amulya Jeevan policy. Policy premium can be paid Yearly, Half- Yearly and Single premium.  Rebate on premium will be 1 % for Annual premium for yearly mode and no rebate for Half-Yearly payment.

No surrender value is applicable in both policies and no loan can be taken against policy. In case of both insurance plan a grace period of 15 days will be given for premium payment in half yearly and yearly mode.

Both Anmol Jeevan and Amulya Jeevan insurance plans have tax exception provision under Income Tax Act 1961 for premium paid (80 C) and for death claim received (10 10 d).

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