LIC Amulya Jeevan

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LIC Amulya Jeevan 1 Plan

 

LIC Amulya Jeevan is a pure term insurance policy for high sum assured which is primarily for protection only. In this plan, if the Life Insured dies, the nominee will get the entire Sum assured but nothing is payable on maturity. This product is only for high sum assured requirements.

 

  

Key Features of LIC Amulya Jeevan 1

 

§         Low cost risk plan for high sum assured

§         Large sum assured rebate that is provided for single premium policies.

§         High tenure of 35 years available

 

 

Benefits you get from LIC Amulya Jeevan 1

 

Death Benefit – The entire Sum Assured is paid to the nominee on death of Life Insured during the policy tenure.

 

Maturity Benefit – There is no benefit is payable on maturity as this is a pure protection plan.

 

Income Tax Benefit - Life insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Maturity benefits too are tax exempt as per Section 10(10D).

 

 

Eligibility conditions and other restrictions in LIC Amulya Jeevan 1 Policy

 

 

Minimum

Maximum

Sum Assured (in Rs.)

25,00,000

No Limit

Policy Term (in years)

5

35

Premium Payment Term (in years)

Single

Equal to policy term

Entry Age of Policyholder (in years)

18

60

Age at Maturity (in years)

-

70

Payment modes

Yearly & Half-Yearly and Single

 

 

Sample illustration of premium amount in LIC Amulya Jeevan 1

 

The below illustration is for a healthy Male (non-tobacco user) opting for : 

Sum Assured = Rs.50,00,000 

Policy Term = 25 years

 

Premium values of LIC Amulya Jeevan I for various ages at which policy is bought

 LIC Amulya Jeevan Term Insurance Plan

 

Additional Features and Benefits of LIC Amulya Jeevan 1

 

Riders – No riders are available in this policy

 

 

What happens if?

 

You stop paying the premium - If the policy holder stops paying the life insurance premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. You can re-instate the policy within 5 years from the date of first unpaid premium by submitting the relevant proofs and payment of premium and interest.

 

You want to surrender the policy – Surrender benefits are not available under this term plan.

 

You want a loan against your policy – There is no loan facility under this policy.

 

 

Alternate term plans from different insurance companies

 

Aviva iLife Term Plan

IndiaFirst Anytime Plan

Aegon Religare iTerm

Kotak e-preferred term plan

 

 

Other term insurance plans from LIC

 

LIC Anmol Jeevan 1

 

Note: This is a statement of facts based on the information collected from the LIC Amulya Jeevan brochure and insurance company's website. It should not be construed as a Critical or Favourable LIC Amulya Jeevan Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.


Dear Viewers,
I am a LIC Agent in Bangalore Vijayanagara Branch, If anybody wants any Insurance policy and any Insurance services Please contanct me:
Cell: 9900016747
Email: Nagendra.km56@gmail.com

By Nagendra.km on Apr 04, 2012

Hi i'm lic agent if anybody want to purchase any policy of lic then contact

By praveen on Apr 03, 2012

Dear Viewers,
I am a LIC Agent in Bangalore Vijayanagara Branch, If anybody wants any Insurance policy and any Insurance services Please contanct me:
Cell: 9900016747
Email: Nagendra.km56@gmail.com

By Nagendra.km on Mar 13, 2012

Though premium is high, the only dependable co is LIC.Only LIC has high claim ratio and it is a profit making concern.

By ramesh on Jan 09, 2012

i am 44 years ,would like to know best term policy of 50,00,000/,premium amount,what will be maturity date

By arshad on Nov 07, 2011

policy all details

By vellaisamy.k on Sep 01, 2011

If i have to

By Caroline Elias Gracias on Jul 28, 2011

Hi

this is viswanath from hyd i want to know some TATA AiG policys for My dad & Mom both are aged father is 65, mother 50 , pls give some suggestion i want to do policy for both its should be below 10000Rs.


Regards
viswanath.p

By Viswanath on Jul 25, 2011

After how many years, the diseases like Hernia and Bronchitis covered?
Other companies cover after 2or 4 years.

By Vijay Kumar Preenja on Jul 20, 2011

Dear sir,
My 2 sons are in USA and I will be visiting USA every year along with my wife and will be staying there Two to three months. Please tell me if the health insurance is covered in USA
and Which hospitals we can visit if needed.
Thanking you,
Yours sincerely,
K.T.RAIDU

By KAMEPALLI THIRUPATHI RAIDU on Jul 20, 2011

I want to know about
Individual Accident & Sickness
Hospital Cash Plan of Mediclaim Insurance Policy

By ketan on Jul 17, 2011

Sir
I am 45 years old i wish to buy a prmieum return policy of term and policy term is 20

could tell tell me the premiums to be paid and total amount i am going to get?

By p.asaithambi on Jul 14, 2011

Sir

Subject :only insurance for heart attack related

i siju from Kerala. I want to only insurance heart attack related (like 1200 pay it will covering only cancer up to 2 lac under India government scheme)
if you have this type of scheme please in from me why i asking i cant afford this premium
i want insurance only my dad and mum. amount rs= 2 lac if have low premium below 5000 then i can. for cancer i already take under India government scheme
what ever you decision please in from me sir thanks
dad and mum both of age 55 56
my id : sijups.com@gmail.com

By siju.ps on Jul 12, 2011

kindly give details about this plan

By Salim Saiyed on Jul 10, 2011

y lic policy has too expensive / or very high premium

By AVNISH on Jul 01, 2011

Hi All,
I've first time applied for a product from Aviva, the online term policy i.e. Aviva-i-life. I've paid a premium almost a month back thru internet banking, that is the process of applying online. You first pay the premium and later you don't have any option but to chase them for either the policy or the refund. Still there is no update or committment from them as when actually the Insurance formalities will be completed and polcy will be issued. I am just waiting and waiting.

I'll advise if you are going for online term policies, pls try some other insurance company. I've blocked my substantial sum with no assurance as when I'll get the policy or refund. I've droped enormous emails and made phone calls. Every time i just get a plain reply, your issue is forwarded and you will get response in 48 hours. a plain or copy/pasted message.

Actually I had seen Sachin Tedulkar in one of the advertisements, so thought that the company must be ethical and customer care oriented. I'm disappointed.

-one Helpless buyer

By Sanjay Karadkar on Jun 25, 2011

it is best

By sulekha gupta on Jun 25, 2011

i am looking for a floater policy for me and my wife , my age is 54 yrs and spouse age is 52 yrs and in very good health kindly suggest

By jagdish jani on May 19, 2011

Kindlylet me know ,whether any mediclaim policy is available those who are between the age group of 60 to 69 years

By R.Balakrishnan. on May 11, 2011

what is the extra features when compare to ICICI Lombard’s Family Floater Health Insurance.
please let me know the premium for Rs 12lacs coverage.

By mathew on May 10, 2011

looking good policy.

By Puneet on Mar 12, 2011

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