LIC Anmol Jeevan
This plan has been withdrawn by the insurance company and is no longer available for sale.
LIC Anmol Jeevan is a pure term insurance policy which is primarily for protection only. In this plan, your nominee will get the entire Sum assured if death occurs within the policy term and nothing is payable on maturity. So if nothing happens to you till the maturity period of the plan, nothing will be returned.
Key Features
Benefits
The entire Sum Assured is paid on death during the policy term.
There are no Maturity Benefits. No benefit is payable on maturity as this is a pure protection plan.
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)
No riders are available in this policy
How it works
The below illustration is for a healthy Male (non-tobacco user) opting for a
Sum Assured = Rs.10,00,000 and Policy Term = 25 years.
Sample Premium of LIC Anmol Jeevan I for various ages at which policy is bought
Eligibility
| Minimum | Maximum | |
| Sum Assured (in Rs.) | 5,00,000 | 24,00,000 |
| Policy Term (in years) | 5 | 25 |
| Premium Payment Term | Equal to policy term | Equal to policy term |
| Entry Age of Policyholder (in years) | 18 | 55 |
| Age at Maturity (in years) | - | 65 |
| Single premium | - | - |
| Payment modes | Yearly & Half-Yearly and Single | |
FAQs
You stop paying the premium If the policy holder stops paying the 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 but before the policy expires by submitting the relevant proofs and payment of premium and interest.
You want to surrender the policyThere are no surrender benefits under this term plan.
You want a loan against your policyLoan facility is not available under this policy.
