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Table no. 823 : Amulya Jeevan 2 : LIC’s Amulya Jeevan -2
Posted by:V.K. sharma, February - 03 - 2014

 

Table no. 823

Amulya Jeevan -2

Amulya Jeevan is a regular premium paying conventional WITHOUT profit pure protection plan

 

Eligibility Conditions And Restrictions:

1) Minimum Age at entry for Life Assured    : 18 years (completed)

2) Maximum Age at entry for Life Assured    : 60 years (nearest birthday)

3) Minimum Policy Term                                : 5 years

4) Maximum Policy Term                               : 35 years

5) Premium payment mode                           : Yearly, Half-yearly

6) Minimum Sum Assured                             : Rs 25,00,000/-

7) Maximum Sum Assured                            : No Limit

 

The Sum Assured shall be in multiple of Rs 1,00,000/-

 

Benefits:

Maturity Benefit – On Survival to the end of the policy term, no benefits shall be payable.

Death Benefit – On death of Life Assured during the term of the policy, Sum Assured will be payable.

 

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Grace Period:

Grace period of one calendar month but not less than 30 days will be allowed.

 

Additional Premium :

2% of the tabular annual premium will be payable for HALF YEARLY mode.

 

Higher Sum Assured: No Higher Sum assured rebate

 

Paid Up Value:  NIL

 

Surrender Value : NIL

 

Loan : Not allowed

 

Back Dating Interest:

Back dating allowed but no interest will be charged for back dating.

 

Assignment and Nomination is allowed as per normal rules.

Suggested and Must reading while studying Term Plans from LIC like Table no. 822 and 823.

Why Term Plan from LIC?

Why LIC?

LIC : A place in everyone life

LIC hai to kahin aur kyon jana.

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