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Jeevan Anmol

Life insurance provides the much needed help, support and protection during the seamy phase of life. Though many refrain from taking a term cover, its advantages and benefits are far too many to miss.

Coming from the house of the most reputed insurance providers in India, LIC’s Anmol Jeevan ensures that the nominee faces no financial crunch. Standing to its tagline in letter and spirit it’s ‘Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi’.

LIC’s Anmol Jeevan – Key Features

  • Pure Term Plan: LIC’s Anmol Jeevan is a pure term plan that offers financial protection only.
  • Death Benefit: In case of death of the policy holder during the term, the nominee will receive the entire Sum Assured.
  • Maturity Benefit: If the policy holder survives the policy term, no benefits are passed on to the nominee.
  • Income Tax Benefits: All premiums paid under the policy are eligible fordeduction under Section 80C of the Income Tax Act. Death benefits too are exempted from tax under Section 10(10D).
  • Types of Deaths Covered: Both types of deaths, natural and accidental, are covered under the plan. In case of suicide committed within 12 months of policy commencement, only 80% of the premium paid after deducting the taxes and charges will be reimbursed to the nominee.
  • Cancellation Feature: In case the policy holder is not satisfied with the policy terms and fea
  • will be reimbursed to the nominee.
  • Cancellation Feature: In case the policy holder is not satisfied with the policy terms and features, the policy can be cancelled within 15 days from the date of commencement. The premium deposited after deducting theproportionate risk premium for the period on cover, stamp duty charges, expenses for medical examination and special reports, if any will be paid back.
  • Rider Option:No additional riders are available under this plan.
  • tures, the policy can be cancelled within 15 days from the date of commencement. The premium deposited after deducting theproportionate risk premium for the period on cover, stamp duty charges, expenses for medical examination and special reports, if any will be paid back.
  • Rider Option:No additional riders are available under this plan.

Policy Details at a Glance:

  • Sum Assured – Rs 5,00,000 to Rs 25,00,000
  • Policy Term – 5 Years to 25 Years
  • Entry Age: 18 Years – 55 Years
  • Maturity Age:65 Years
  • Premium Paying Term: Equivalent to policy term
  • Surrender Value:No Surrender Value is available under this plan
  • Loan :No loan amount is available against this plan
  • Paid-up Value: The plan will not acquire any Paid-up value
  • Premium Payment Mode:Yearly or Half-Yearly

Premium Chart:
The chart below shows the annualized premium for a Sum Assured of Rs.5,00,000/-. The premium paid varies according to the age of the insurer and the plan term chosen.

 

Age (Years)

Policy Term (Years)

10 15 20 25
30 1185 1325 1510 1770
40 2050 2535 3015 3525
50 4720 5605
  • Annual Premium for Sum Assured Rs. 5,00,000
  • Premium amount gets 2% dearer under half-yearly payment method.

Apt financial planning is the best thing we can do for our family and loved ones. Take that vital decision today and safeguard their interests forever! At InsuranceBima.com we provide a clear insight into each plan and help you choose the one that meets your requirements fully. Call +91-9230091000 to buy LIC Jeevan Anmol or to seek any further information about the plan and its features. We are authorized agency for LIC of India and provide Anmol Jeevan, life insurance term plans/policies to individuals, HNIs/NRIs and corporates in New Delhi, Jalandhar, Chandigarh, Mohali, Zirakpur, Kharar. Shortly, we will be opening offices in Ludhiana and Patiala in Punjab too.