LIC Anmol Jeevan II

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LIC Anmol Jeevan II Plan

LIC Anmol Jeevan II is a pure risk cover term plan of sum assured up to Rs.24 lakhs, which can be opted primarily for protection. In this plan, the nominee will get the entire Sum assured if the life insured dies during the policy term.

Key Features of LIC Anmol Jeevan II Policy

Pure term plan with only death benefit
Sum Assured of Rs.6 to Rs.24 Lakhs can be opted
There is no maturity benefit in this plan
Tax benefits available

COMPARE THIS PLAN WITH OTHER TERM PLANS

Male Female

Tobacco?

Yes

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Benefits you get from LIC Anmol Jeevan II Insurance Plan

Death Benefit – The entire Sum Assured is paid to the nominee on death of the Life Insured during the policy term.
Maturity Benefit – 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. Death Benefit is also tax free.

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Eligibility conditions and other restrictions in LIC Anmol Jeevan II Insurance Policy

	Minimum	Maximum
Sum Assured (in Rs.)	6,00,000	24,00,000
Policy Term (in years)	5	25
Premium Payment Term (in years)	Equal to policy tenure
Entry Age of Insured (in Rs.)	18	55
Age at Maturity(in Rs.)	-	65
Payment modes	Yearly and Half-Yearly

Sample illustration of Premium in LIC Anmol Jeevan II Plan

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.

Premium values of LIC Anmol Jeevan II for various ages at which policy is bought

Additional Features and Benefits of LIC Anmol Jeevan II Plan

Riders – No riders are available in this policy

What happens if?

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 within 2 years from the due date of the first unpaid premium but before the policy expires by submitting the relevant proofs and payment of premium and interest.

You want to surrender the policy–There are no surrender benefits under this term plan.

You want a loan against your policy – Loan facility is not available under this policy.

Other Term Plans from Life Insurance Corporation of India

LIC Amulya Jeevan II (for Sum Assured of 25 lakhs and above)

Some Term Plans from other insurance companies

AEGON Religare iTerm Plan

HDFC Click 2 Protect

Aviva iLife

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