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.
my age is 46 year please inform me the premium of 19 year term on the anmol-jeevan-1 and inform maturity amount also for some assured rs 10,00000
Hi Tabrej,
.
for term insurance policies of anmol jeevan and amulya jeevan, I have confusion about this line “Sum assured will be paid to the beneficiary in the unfortunate event of death of the policy holder”
Does “in the event of death” mean either natural,due to illness or accidental or suicide death?
could u plz elaborate on unfortunate event of death of the policy holder ? which type of death cover by this policy?
I will really appreciate you if you provide the ans ASAP.
Thanx
Sp gupta
It covers natural, accidental and death due to any illness (You need to appear for medical examination).
if term period is over still death benefit are there to nominees or not ?
Benefit is available only till the Term once the term is over you wont get anything in this plan since this is pure term insurance
i am December 1962 born and want to have term plan for 15 years of 20 lac .What will be the yearly premium ?
My son study in B.E.,
I want Anmal Jeevan 1 Table 164 for Rs. 24,00,000 for seven years,Plus health Insurance for overseas for seven year what will be premium for both (one time payment)?
plz. tell me detail of this plan?
can i get discount of premium on online pament ?
plz send me thease informations
thanks & regards
i am born 13/8/1978,take anmol jeevan-1 for 50 lacs,1carore sum assured,term 25years
what will be premium for
Amount Rs. 25 Lac, Period 25yr
Amount Rs. 25 Lac, Period 25 yr.
Amount Rs. 20 Lac, Period 25 yr.
Amount Rs. 2o lac , Period 20 yr.
my date of birth is 27/07/1987.i am 23 year old.please tell me
me Premium of Jivan Anmol Table (No. 164 ) and Jeevan Amulya-yearly and half yearly with following condition
Amount Rs. 25 Lac, Period 25yrs.
Amount Rs. 20 Lac, Period 25 yrs.
thank you
reply pl at my e-mail address as soon as possible.
i am 35 year old man with a monthly salary of around rs 35000. i want maximum life coverage from a scheme. please suggest me some policy,
Go for term insurance..
Dear sir,
I want to about term insurance policies of Anmol jeevan and Amulya jeevan, In the ecase of Accidental death (onspot death )benefit is covered or not?
Answered please as soon as posible.
Thank you,