Tag Archives: benefits of term plan of lic

Table no. 823 : Amulya Jeevan 2 : LIC's Amulya Jeevan -2
Posted by:blog-admin, 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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Table No. 822 : Anmol Jeevan-2 : Anmol Jeevan-2
Posted by:blog-admin, February - 02 - 2014

Table no. 822

Anmol Jeevan -1

Anmol 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   : 55 years (nearest birthday)
3) Minimum Policy Term                               : 5 years
4) Maximum Policy Term                              : 25 years
5) Premium payment mode                            : Yearly, Half-yearly
6) Minimum Sum Assured                             : Rs 6,00,000/-
7) Maximum Sum Assured                            : Rs 24,00,000/-
 
The Sum Assured shall be in multiple of Rs 1,00,000/-
buy LIC plans before 30th Sept
 
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.
 
Grace Period:
Grace period of one calendar month but not less than 30 days will be allowed.

          Why Term Plan from LIC?

Why LIC?

LIC : A place in everyone life

 
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.
 

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