<h2 class="wp-block-heading">LIC Amulya Jeevan 1 (Table No. 190)</h2>



<p><span style="text-decoration: underline;"><strong>Amulya Jeevan 1 Summary:</strong></span></p>



<p>Protect your loved ones from any unexpected surprises in life, any time with Life Insurance Corporation of India&#8217;s Amulya Jeevan. <a title="Amulya Jeevan 1" href="https://mypaisa.in/lic-amulya-jeevan-1" target="_self" rel="noopener">Amulya Jeevan 1</a> (Plan No. 190) is a <a title="Term Insurance" href="https://mypaisa.in/category/term-life-insurance/" target="_blank" rel="noopener">Term Assurance plan</a> with a minimum Sum Assured of Rs.25 lakh. This is a pure Term Assurance Plan like Anmol Jeevan 1.</p>



<p>Need Less than 25 lakh Term? Check: <a title="LIC Anmol Jeevan 1" href="https://mypaisa.in/anmol-jeevan-1/" target="_blank" rel="noopener">Anmol Jeevan 1 Pure Term Insurance</a></p>



<p><span style="color: #000000;"><span style="text-decoration: underline;"><strong>Benefits:</strong></span></span></p>



<p><strong>On Maturity:</strong><br />On Maturity, no amount will be paid to the Policyholder.</p>



<p><strong>On Death:</strong><br />On the death of the policyholder during the policy term, S.A. will be paid to the nominee, provided the policy is kept in force.</p>



<p><strong>Income tax rebate:<br /></strong>The premium paid towards Amulya Jeevan 1 is eligible for tax deduction under section 80C of the Income Tax Act,1961.</p>



<p><span style="color: #000000;"><span style="text-decoration: underline;"><strong>Eligibility Conditions and Restrictions for LIC Of India’s</strong><strong><span style="text-decoration: underline;"> Amulya </span></strong></span><strong><span style="text-decoration: underline;">Jeevan-I</span></strong><span style="text-decoration: underline;"><strong>:</strong></span></span></p>



<p><strong>Minimum Age at entry:</strong> 18 years (completed)<br /><strong>Maximum Age at entry:</strong> 60 years (nearest birthday)<br /><strong>Maximum Age at maturity:</strong> 70 years (nearest birthday)<br /><strong>Policy Term:</strong> 5 years to 35 years<br /><strong>Minimum Sum Assured: </strong>Rs.25,00,000/-<br /><strong>Maximum Sum Assured:</strong> No Upper Limit<br />(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured more than the minimum Sum Assured)<br /><strong>Loan:</strong> Not available<br /><strong>Surrender Value:</strong> Nil<br /><strong>Dating Back:</strong> Allowed<br /><strong>Grace Period:</strong> 15 days</p>



<p><span style="text-decoration: underline;"><strong>Mode of Premium :</strong></span><br />The premium can be paid either in Yearly, Half-yearly &; <strong>Single Premium.</strong></p>



<p><strong>Cooling off period:</strong><br />If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to ;Life Insurance Corporation Of India ;within 15 days.</p>



<p><span style="text-decoration: underline;"><strong>Example</strong>:</span> Mr. LIC takes a policy for 25 years for Rs.50 lakhs.<br /><strong>(a)</strong> On survival till maturity, Mr. LIC will not receive any amount.<br /><strong>(b) </strong>On the death of Mr. LIC during the policy term, his nominee will get Rs.50 lakh S.A.</p>



<p>The Unique Identification Number (UIN) for LIC Of India’s Amulya Jeevan &#8211; 1 is 512N250V01.</p>



<p><strong><span style="text-decoration: underline;">Note</span>:</strong><br />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.</p>

This post was last modified on March 22, 2021
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