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.
Dear Sir/Ma’am
I want to know the medical tests required before applying the Anmol jeevan policy for 10Lac.
Thanks & Regards
Dear sir
Please infome premium amount for anmol jivan (term plan)
my b’date 11/08/1974
Regards,
i want amulaya jeevan policy for my mother, age 55
wat will be the premimun yearly
my date of birth is 17/01/1956. what would be the premium in anmol jeevan policy for 10 lacs p.a. also when does the risk start after taking the policy.
my date of birth is 17/01/1956. what would be the premium in anmol jeevan policy for 10 lacs p.a. also when does the risk start after taking the policy.
plan 164-anmol jivan -1(without profit) rs.1500000/-
plan 149 jeevan anand rs.200000/- joint policy
birth date 12.03.1982
the below table show the annual premium paid & risk cover & return & loan availability
Resp. sir
Please send me following details
–prem. of anamol jivan
age– 27 yrs and 30 yrs
duration– 20 yrs and 25 yrs
sum assu.–10 and 15 lakhs for both age
I want to take Anmol jeevan1 for a period of 20 years and amount is 10 lakhs.
what will be the single premium and what will be the yearly premium.
my age is 38.
Yearly Rs.5,881 or Rs.64,410 single premium
I am holding an anmol jeevan since 2004.could u please educate me on the issue that what will happen to the money that i am paying as an yearly premium at the time of maturity?
i am paying an yearly premium of rupees 10,000. sum assored is 5lacs for the period of 20years.
Parvinder,
Are you aware that this is a Term Insurance?
There is no maturity benefit in Term, the SA is payable on death to your nominee within the term.
my date of birth 23/05/1982, what will be my premium for anmol jeevan for 25 yrs plan for 25 lack.
Amulya Jeevan
Yearly Premium: 6,625
Half yearly: 3,379
Single Premium: 83,800