LIC's AMULYA JEEVAN Plan (UINNV01). ELIGIBILITY CONDITIONS. Minimum age at entry. -. 18 Year (Completed). Maximum age at entry. -. 60 years . LIC Anmol Jeevan-I. Restrictions. Minimum age at entry. 18 years (completed). Maximum age at entry. 55 years (nearer birthday). Maximum age at maturity. LIC's ANMOL JEEVAN-II. (Cir: PD/51 Dtd 31/01/, U&R/ Dtd 03/02/, Launch Date: 03/02/). DETAILS: This is a regular premium, without profits.

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It has been decided to introduce LIC's Anmol Jeevan - || Plan (Plan No. The Unique Identification Number (UIN) for LIC's Anmol Jeevan - Il. Complete details of LIC Amulya Jeevan 2 plan, table no details, LIC term Insurance, LIC term insurance reviews, LIC term plan for 1 crore. LIC Anmol Jeevan 1 - Term Insurance Plan from LIC. Compare features and read detailed review at Premium details and Benefits.

Taxes: Taxes including Service Tax, if any, shall be as per the Tax laws and the rate of tax shall be as applicable from time to time.

The amount of tax as per the prevailing rates shall be payable by the policyholder on instalment premiums including extra premiums, if any.

The amount of tax paid shall not be considered for calculation of benefits payable under the plan.

Payment of Premiums: A grace period of one month but not less than 30 days will be allowed for payment of yearly or halfyearly premiums. If premium is not paid before the expiry of the days of grace, the Policy lapses.

If the death of the Life Assured occurs within the grace period but before the payment of the premium then due, the policy will still be valid and the Sum Assured shall be paid after deduction of the said unpaid premium as also unpaid premiums falling due before the next policy anniversary.

Revival of Discontinued Policies: If the policy has lapsed, due to non payment of due premium within the days of grace, it may be revived during the life time of the Life Assured, but within a period of 2 consecutive years from the date of the first unpaid premium and before the date of maturity, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest compounding half-yearly at such rate as fixed by the Corporation from time to time.

The Corporation, however, reserves the right to accept at original terms, accept with modified terms or declines the revival of a discontinued policy.

The cost of the medical reports, including special reports, if any, required for the purposes of revival of the policy, shall be borne by the Life Assured. The Corporation will not entertain any other claim under this policy.

Benefits of LIC Anmol Jeevan II

Surrender Value: No Surrender Value will be available under this policy. Paid-up Value: This policy will not acquire any Paid-up value.

Loan: No loan will be available under this policy. No, there is no loan facility under this policy. How can I revive my policy? Reviving a policy is not a very difficult task.

It can be revived anytime after 2 consecutive years of the first unpaid premium before the policy reaches its expiry date.

What if the insured commits suicide within the policy term? How much service tax applies to this policy? What is the cooling-off period of the policy? If you are not satisfied with the Terms and Conditions of the policy, then you can cancel the policy within 15 days of downloading the policy.

LIC’s New Plan 2014 – Amulya Jeevan 2 (Table 823)

Is there any concession in the payment of claims? This policy offers no concession for claims and concession for an extended claim is offered by this plan. What is the eligibility criterion of downloading the policy?

To be eligible for downloading this policy, you need to be between 18 and 60 years of age. What will I get if I survive the entire policy tenure?

As it is a pure term insurance plan, no benefit is offered on maturity.

Only in case of your death within the policy tenure, the nominee appointed by you will receive the lump sum assured by the insured. Can I pay the premium on a monthly basis? No, you cannot pay premiums on a monthly basis.

Key Features of Anmol Jeevan II Plan

Only two types of premium paying frequencies are allowed under this plan. They are- yearly and half-yearly.

What is the basic sum assured amount, promised by the insurer?To make the premium payments on time, a whole one month grace period is provided to the insured person. Only in case of your death within the policy tenure, the nominee appointed by you will receive the lump sum assured by the insured.

No, you cannot pay premiums on a monthly basis. Normal requirements for a claim: The normal documents which the claimant shall submit while lodging the claim in case of death of the Life Assured shall be the claim form, as prescribed by the Corporation, accompanied with original policy document, NEFT mandate from the claimant for direct credit of the claim amount to the bank account, proof of title, proof of death, medical treatment prior to the death, employer's certificate, whichever is applicable, to the satisfaction of the Corporation.

Let us see whether these term plans have something new to offer. What is the cooling-off period of the policy?

LIC Anmol Jeevan II Plan

We are looking forward to hearing from you in our comments section. Non-participative, non-linked plan, can only be downloadd offline. In registering an assignment or nomination the Corporation does not accept any responsibility or express any opinion as to its validity or legal effect.

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