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  Life Insurance is Must

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. Sir,

    Is it possible to convert yearly premium mode to single premium later?

  2. term and conditions anmol jeevan

  3. Hi,

    I am 38 year old software professional, I would like to take LIC Jeevan amulya policy
    for 25 Lakhs for 25 years. Do I get any benefit if i apply online instead of going through an agent.

    Thanks & Regards
    Narendra

  4. shyam pratap singh September 25, 2010 at 1:33 am

    dear sir i want to know how much my premium will be for 20 lac for 15 years plan on maturity how much i get

  5. I want to take Anmol jeevan1 for a period of 20 years and amount is 5 lakhs.

    what will be the single premium and what will be the yearly premium.

    my age is 45.

  6. I am 52 yrs old. I want to know what will be the yearly primium for 13 year term Anmol Jeevan 1 (Table 164). Also how much will be the one time primium for the same plan

  7. i have taken home loan of rs1000000 from lic hfl now i want to protect my loan. Can i take LIC AMULYA JEEVAN 1(TABLE 190)
    What advantages i can get. ? What will be the half yearly/yearly/single premium to be paid.

  8. SIR,

    IN Anmol jeevan can be revived under special revival

    scheme?

  9. 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?
    If i want to take Anmol jeevan for my wife, can itake and pay for her?
    Answered please as soon as posible.

    Thank you,
    G P Shukla

  10. Leeladhar Chouhan August 17, 2010 at 2:20 pm

    Dear Sir,
    I have jeevan anmol policy. What will get my nominee after my accedental death ?

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