LIC”s Anmol Jeevan II Plan is a pure term plan with no bonus facility. Thus, if the Life Insured dies within the policy tenure, the death benefit is payable to the nominee and nothing is payable on the maturity of the policy.
This LIC policy has a ceiling of maximum sum assured of Rs 24 Lacs.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
55 years |
Maturity Age (Last Birthday) |
- |
65 years |
Policy Term (PT) in years |
5 years |
25 years |
Premium Paying Term (PPT) in years |
Equal to Policy Tenure |
|
Premium Paying Frequency |
Annual, half-yearly |
|
Sum Assured |
Rs 6 Lacs |
Rs 24 Lacs |
Annual premium in Rupees for a Policy Tenure of 15 years. Basic Premium is mentioned below (Tax not included)
Age |
Rs 10 Lacs Sum Assured |
Rs 20 Lacs Sum Assured |
30 Years |
2650 |
5300 |
40 Years |
5070 |
10140 |
50 Years |
11210 |
22420 |
There are no loans available in this LIC term insurance plan
In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid
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Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
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