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Categories: Term Insurance

LIC Anmol Jeevan 1

&NewLine;<h2 class&equals;"wp-block-heading">LIC Anmol Jeevan 1 Table No&period; 164<&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p><a title&equals;"Term Insurance" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;lic-anmol-jeevan-2&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">Term insurance<&sol;a> is often the most inexpensive<a title&equals;"Life Insurance" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;insurance-plans&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer"> life insurance<&sol;a> solution&period; Term insurance is recommended by most investment and financial experts&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><span style&equals;"text-decoration&colon; underline&semi;"><strong>Anmol Jeevan-I Summary&colon;<&sol;strong><&sol;span><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Life Insurance Corporation Of India&&num;8217&semi;s Anmol Jeevan-I &lpar;Plan No&period; 164&rpar; is a unique plan of assurance&comma; by far the cheapest policy to buy&semi; cheaper than even a whole life policy to start with&period;&nbsp&semi; Anmol Jeevan-I is a pure term cover that provides only life cover&comma; unlike <a title&equals;"Endowment Policy" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;category&sol;endowment-policy&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">endowment <&sol;a>and <a title&equals;"Money Back Insurance Policy" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;category&sol;money-back-policy&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">money-back policies<&sol;a> which have a built-in saving element too&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-image size-large"><img src&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;wp-content&sol;uploads&sol;2009&sol;07&sol;anmol-jeevan1-1024x538&period;png" alt&equals;"Anmol Jeevan 1" class&equals;"wp-image-1899"&sol;><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Benefits&colon;<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>On Maturity&colon;<&sol;strong><br &sol;>On Maturity&comma; no amount will be paid to the Policyholder&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>On Death&colon;<&sol;strong><br &sol;>On the death of the policyholder during the policy term&comma; S&period;A&period; will be paid to the nominee&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Income tax rebate&colon;<&sol;strong><br &sol;>The premium paid towards Anmol Jeevan-I is eligible for tax deduction under section 80C of the <a href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;income-tax-rates-for-fy&sol;">Income Tax <&sol;a>Act&comma;1961&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h4 class&equals;"wp-block-heading"><strong>Eligibility Conditions and Restrictions for <&sol;strong><strong>Anmol Jeevan-I<&sol;strong><strong>&colon;<&sol;strong><&sol;h4>&NewLine;&NewLine;&NewLine;&NewLine;<ul class&equals;"wp-block-list"><li><strong>Minimum Age at entry&colon;<&sol;strong> 18 years &lpar;completed&rpar;<&sol;li><li><strong>Maximum Age at entry&colon;<&sol;strong> 55 years &lpar;nearest birthday&rpar;<&sol;li><li><strong>Maximum Age at maturity&colon;<&sol;strong> 65 years &lpar;nearest birthday&rpar;<&sol;li><li><strong>Policy Term&colon;<&sol;strong> 5 years to 25 years<&sol;li><li><strong>Minimum Sum Assured&colon;<&sol;strong> Rs&period;5&comma;00&comma;000&sol;-<&sol;li><li><strong>Maximum Sum Assured&colon;<&sol;strong> Less than 25&comma;00&comma;000 &sol;-<br &sol;>&lpar;Policies will be issued in multiples of Rs&period;1&comma;00&comma;000&sol;- for Sum Assured above the minimum Sum Assured&rpar;<&sol;li><li><strong>Loan&colon;<&sol;strong> Not available<&sol;li><li><strong>Surrender Value&colon;<&sol;strong> Nil<&sol;li><li><strong>Dating Back&colon;<&sol;strong> Allowed<&sol;li><li><strong>Grace Period&colon;<&sol;strong> 15 days<&sol;li><&sol;ul>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Payment Of claims<&sol;strong>&colon;<br &sol;>No Claims concession will be applicable to this Policy&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Mode of Premium &colon;<&sol;strong><br &sol;>The premium can be paid either in Yearly&comma; Half-yearly &amp&semi; <strong><a href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;single-premium-endowment-plan-817&sol;">Single Premium<&sol;a>&period;<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Example&colon;<&sol;strong> Mr&period; Ashok takes a policy for 20 years for Rs&period;20 lakh sum assured&period;<strong><br &sol;>&lpar;a&rpar; <&sol;strong>On survival till maturity&comma; Mr&period; Ashok will not receive any amount&period;<br &sol;><strong>&lpar;b&rpar;<&sol;strong> On the death of Mr&period; Ashok during the policy term&comma; his nominee will get Rs&period;20 lakhs S&period;A&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Don&&num;8217&semi;t like the Term plan&quest; Check out&colon; <a rel&equals;"noreferrer noopener" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;jeevan-anand-an-endowment-assurance-whole-life-plan&sol;" target&equals;"&lowbar;blank">Jeevan Anand whole life endowment Plan<&sol;a><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The Unique Identification Number &lpar;UIN&rpar; for Anmol Jeevan-I Plan is 512N213V01&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<hr class&equals;"wp-block-separator"&sol;>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Update&colon;&nbsp&semi;Anmol Jeevan-I Plan No&period; 164 Has Been Discontinued&period;<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<hr class&equals;"wp-block-separator"&sol;>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Note&colon;<&sol;strong><br &sol;>The above is the product summary giving the key features of the plan&period; This is for illustrative purposes only&period; This does not represent a contract and for details please refer to your policy document&period;<&sol;p>&NewLine;

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This post was last modified on March 22, 2021

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