LIC Anmol Jeevan 1

LIC Anmol Jeevan 1 Table No. 164

Term insurance is often the most inexpensive life insurance solution. Term insurance is recommended by most investment and financial experts.

Anmol Jeevan-I Summary:

Life Insurance Corporation Of India’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 endowment and money-back policies which have a built-in saving element too.

Anmol Jeevan 1

Benefits:

On Maturity:
On Maturity, no amount will be paid to the Policyholder.

On Death:
On the death of the policyholder during the policy term, S.A. will be paid to the nominee.

Income tax rebate:
The premium paid towards Anmol Jeevan-I is eligible for tax deduction under section 80C of the Income Tax Act,1961.

Eligibility Conditions and Restrictions for Anmol Jeevan-I:

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

Payment Of claims:
No Claims concession will be applicable to this Policy.

Mode of Premium :
The premium can be paid either in Yearly, Half-yearly & Single Premium.

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

Also Read  ULIP vs. Mutual fund

Don’t like the Term plan? Check out: Jeevan Anand whole life endowment Plan

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


Update: Anmol Jeevan-I Plan No. 164 Has Been Discontinued.


Note:
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.

  1. What amount will pay after death on sum insured 5 sum insured

  2. please infom me waht is the meaning of unfortunity deth the word is useing in lic insurence , pl inform me on my e mail
    thankiny you sir , i hope your replay will be soon .

  3. Dear LIC Group ,

    I request you to please send the details of coverage in Anmol Jeevan – I [Plan – 164] .

    What type of death benefits i.e. accident, earthquake,bomb blast,illness,terrorist attack, heart attack., swimming, riding by horse, attack by tiger or any other animals., Drink and died, heavy rain and water logging area death., Shock by electricity or electricity fall down on head or any other part of body., any other major surgery.

    And yearly premium my D.O.B. is 01.09.1980.

    Period 25 years

    please

    rgds.
    Sameer

    Mob:- 09323734474

  4. Hi,

    Are these things covered :

    Death by
    1. Natural calamity
    2. Drink and drive?

    Adhiraj.

  5. Siddharth s. Kamble December 4, 2012 at 11:09 am

    My birth date is 21/5/1970 and in Govt. job . For assuring 50 lacs for 20 yrs how much will be premium per year.

  6. my age is 26 years. what is good plan for my next future if i required 2500000 rs risk cover with mediclaim ( health insurance)? what will be monthly premium.?

  7. Hi,

    What kind of death scenarios are covered by this policy – critical illness, natural, accident etc.

    Best,
    Ashutosh

  8. May i know at present what is the YEARLY PREMIUM AMOUNT for 10 lakhs LIC policy with 15 years scheme?

  9. my fathers age is 62. on submission of medical documents, is it possible to make an entry to jeevan anmol policy ??? or which you think is best and suitable policy available at present.

  10. i am a man and my date of birth is 01/07/1971 and i want a term insurance policy covering a sum of Rs. 25 lac for a maximum time. Kindly tell me the yearly premium amount.

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