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.
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.
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.
Hello,
i am Pal 30 years- housewife, i want to take JEEVAN ANMOL policy for my 2.5 years old kid. I want to know the premium for 25 lacs for 10 years? and can you please tell me which document do you need for this policy because this kid is Australian citizen but his both parents are indian citizen.
Can you pls tell me yearly premium as well as single premium?
SIR,
MY DOB IS 01.12.69. I WANT A TERM PLAN (ANMOL-JEEVAN) UPTO THE MAX. AGE OF MATURITY.KINDLY ADVISE THE ANNUAL PREMIUM FOR i)20 LAC.ii)25 LAC.IS ANY MEDICAL IS REQUIRED FOR POLICY.
MANOJ BATRA
AMBALA CANTT.
sir,
In Anmol Jivan term plan one line is there, it reads like that(Payment of claims: No claims concession will be applicable to this plan).I did not understand the meaning.please help.Kindly tell me onething if I die during the policy(jivan anmol) will Lic pay the S.A at a time or in installment? Please reply.
i want to take jeevan anumol-1 policy to mother at age 55.of 1000000 rs/ policy.for 10 years term, single premium.
what is the single premium amount
I am 38 years old, working as executive in Apollo Hospitals, Non Smoker / Non Alcoholic, kindly send me the Premium for 50 lacs for the maximum term period of 30 years.
with regds
Ponnambalam
Sir ,
Can i change Premium amount in Jeevan Saral Policy
sir
regards
i want to opt anmol jivan plan164,
which documents and formalities are required for this policy
My age is 28 .Please inform me the premium of 35 year term plan on the anmol -jeevan-1 inssure damount 25 lac
Anmol jeevan 1 plan 164 also cover accidental or natural death and medical claim
I want to take anmol jeevan -1 plan 164 for my son dob 20.08.2008 amount 25 lac – 20 years premium M/Q/H/Y and daughter 04.11.2003 amount 25 lac- 15 years premium as above. I am wating for your valueable response