The LIC Anmol Jeevan Plan is another term assurance plan. This insurance policy is appropriate for those who wish to provide a large sum for their family. The sum can be provided in reasonably priced premium. Irrespective of any gender bias male and female employed and earning are eligible for this plan under category I and females without earning and paying tax are also eligible for the plan under category II.
The conditions required for this LIC policy are:
- The minimum age of entry is 18 years.
- The maximum age of entry is 50 years.
- The maximum age of maturity is 60 years.
- The policy term is 5 to 25 years.
- The minimum amount assured in the policy is Rs 500000/-.
- The maximum amount assured in the policy is Rs 30000000/-.
The benefits of the LIC Anmol Jeevan policy are:
- On sudden death of the policy owner the full sum is assured to pay by the company along with the loyalty additions.
- On survival of the policy holder nil is payable.
- The policy does not require any paid up value or any surrender value is valid under this insurance plan.
- The rebate benefits include the sum assured rebate which is NIL in case of regular premium policies.
- The mode rebate is 1% of annual premium for annual mode and nothing for half yearly mode.
- No claim allowance is applicable to this policy.
- No loan is granted under this policy.
A grace period of 15 days is allowed for payment of both annual and half yearly payments. If the policy holder dies before the payment of the premium then the sum assured will be paid back after deduction of the premium.
Possibly Related Posts:
- LIC Jeevan Ankur – Key Features & Benefits
- LIC Branches in Bangalore | LIC of india Branch Code & Address
- LIC Branches in Hyderabad | LIC of India Branch Code & Address in Hyderabad
- LIC Online Payment | LIC India Online Premium payment
- LIC Branches in Delhi – LIC Branch Code & Address New Delhi
- How a health insurance Ulip can help build an emergency fund
- IRDA mulls making listing of life insurance companies compulsory
- Insurance Industry Exploring New Horizons
- Strict norms on Ulip sales begin to hurt life insurers
- LIC Jeevan Arogya | Health Insurance Plan | Features & Hospital Cash Benefits
Tags: insurance policy, LIC Policy