<h2 class="wp-block-heading">LIC Anmol Jeevan 1 Table No. 164</h2>



<p><a title="Term Insurance" href="https://mypaisa.in/lic-anmol-jeevan-2/" target="_blank" rel="noopener noreferrer">Term insurance</a> is often the most inexpensive<a title="Life Insurance" href="https://mypaisa.in/insurance-plans/" target="_blank" rel="noopener noreferrer"> life insurance</a> solution. Term insurance is recommended by most investment and financial experts.</p>



<p><span style="text-decoration: underline;"><strong>Anmol Jeevan-I Summary:</strong></span></p>



<p>Life Insurance Corporation Of India&#8217;s Anmol Jeevan-I (Plan No. 164) is a unique plan of assurance, by far the cheapest policy to buy; cheaper than even a whole life policy to start with. ; Anmol Jeevan-I is a pure term cover that provides only life cover, unlike <a title="Endowment Policy" href="https://mypaisa.in/category/endowment-policy/" target="_blank" rel="noopener noreferrer">endowment </a>and <a title="Money Back Insurance Policy" href="https://mypaisa.in/category/money-back-policy/" target="_blank" rel="noopener noreferrer">money-back policies</a> which have a built-in saving element too.</p>



<figure class="wp-block-image size-large"><img src="https://mypaisa.in/wp-content/uploads/2009/07/anmol-jeevan1-1024x538.png" alt="Anmol Jeevan 1" class="wp-image-1899"/></figure>



<p><strong>Benefits:</strong></p>



<p><strong>On Maturity:</strong><br />On Maturity, no amount will be paid to the Policyholder.</p>



<p><strong>On Death:</strong><br />On the death of the policyholder during the policy term, S.A. will be paid to the nominee.</p>



<p><strong>Income tax rebate:</strong><br />The premium paid towards Anmol Jeevan-I is eligible for tax deduction under section 80C of the <a href="https://mypaisa.in/income-tax-rates-for-fy/">Income Tax </a>Act,1961.</p>



<h4 class="wp-block-heading"><strong>Eligibility Conditions and Restrictions for </strong><strong>Anmol Jeevan-I</strong><strong>:</strong></h4>



<ul class="wp-block-list"><li><strong>Minimum Age at entry:</strong> 18 years (completed)</li><li><strong>Maximum Age at entry:</strong> 55 years (nearest birthday)</li><li><strong>Maximum Age at maturity:</strong> 65 years (nearest birthday)</li><li><strong>Policy Term:</strong> 5 years to 25 years</li><li><strong>Minimum Sum Assured:</strong> Rs.5,00,000/-</li><li><strong>Maximum Sum Assured:</strong> Less than 25,00,000 /-<br />(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured above the minimum Sum Assured)</li><li><strong>Loan:</strong> Not available</li><li><strong>Surrender Value:</strong> Nil</li><li><strong>Dating Back:</strong> Allowed</li><li><strong>Grace Period:</strong> 15 days</li></ul>



<p><strong>Payment Of claims</strong>:<br />No Claims concession will be applicable to this Policy.</p>



<p><strong>Mode of Premium :</strong><br />The premium can be paid either in Yearly, Half-yearly &; <strong><a href="https://mypaisa.in/single-premium-endowment-plan-817/">Single Premium</a>.</strong></p>



<p><strong>Example:</strong> Mr. Ashok takes a policy for 20 years for Rs.20 lakh sum assured.<strong><br />(a) </strong>On survival till maturity, Mr. Ashok will not receive any amount.<br /><strong>(b)</strong> On the death of Mr. Ashok during the policy term, his nominee will get Rs.20 lakhs S.A.</p>



<p>Don&#8217;t like the Term plan? Check out: <a rel="noreferrer noopener" href="https://mypaisa.in/jeevan-anand-an-endowment-assurance-whole-life-plan/" target="_blank">Jeevan Anand whole life endowment Plan</a></p>



<p>The Unique Identification Number (UIN) for Anmol Jeevan-I Plan is 512N213V01.</p>



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<p><strong>Update: ;Anmol Jeevan-I Plan No. 164 Has Been Discontinued.</strong></p>



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<p><strong>Note:</strong><br />The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.</p>

This post was last modified on March 22, 2021
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