LIC Amulya Jeevan

This plan has been withdrawn by the insurance company and is no longer available for sale.

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.

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Key Features

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


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.1,50,000 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 :

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


  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


angle down iconYou 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.

angle down iconYou want to surrender the policy

Surrender benefits are not available under this term plan.

angle down iconYou want a loan against your policy

There is no loan facility under this policy.