LIC Anmol Jeevan

This plan has been withdrawn by the Life Insurance Corporation (LIC) of India.

LIC Anmol Jeevan plan is a policy that provides a specific amount to the family when the
policyholder dies. It protects the family of the insured against any uncertain calamity in case the insured passes. This plan, LIC Anmol Jeevan II, was introduced as a second version of the previously launched Anmol Jeevan plan I.

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An agreed amount for an agreed period is paid in the form of a premium to the insurer. The insurer, in return, financially covers the policyholder’s family if he or she dies within the agreed term.

LIC Anmol Jeevan plan is a traditional protection term plan that does not offer any maturity benefit to the policyholder. What this means is that if the policyholder survives the agreed term period, the insurer is not liable to pay any benefit whatsoever.

This policy is very economical as it requires low premium payments. General term plans in this policy are of 5, 10, 15, years.

Eligibility Criteria of LIC Jeevan Anmol

Easy-to-follow standards are set to apply for the LIC Anmol Jeevan policy so that more people can take advantage of it. All Indian nationals are made eligible to apply for this policy, but along with being an Indian national, one needs to fulfil a few requirements that are listed below:

  • One must complete 18 years of age before opting for this plan.
  • No person after completing 55 years of age can apply for this policy.
  • The maximum age till which a person can complete this policy's term is 65 years. In a more technical sense, the maximum maturity age is 65 years.
  • The minimum policy term applicable is set as 5 years. This means one will need to buy at least a 5-year plan while applying for the LIC Anmol Jeevan policy.
  • The maximum term plan that one can purchase under this policy is of 25 years.
  • The Sum Assured ranges from Rs. 6 lakhs to Rs. 24 Lakh.
  • The applicant will need to pay the premium throughout the policy period without exception.

Core Benefits of LIC Anmol Jeevan

Several benefits are linked with the LIC Anmol Jeevan plan that makes the plan a desirable one.

Life Coverage

The main benefit of this policy is life coverage. The insurer guarantees to pay the death benefit to the beneficiaries listed by the deceased.  If anything were to happen to the person insured, this policy provides the total amount of the agreed sum assured according to the plan that was opted by the deceased.

Tax Benefits

There are also tax benefits associated with this policy. This policy is made tax-exempt under section 80C of the Income Tax Act of the constitution of India. Both, the premium and the sum assured are tax-free.

Simple and Reliable Claims Process

The claim process of this policy is very simple and smooth so that one can avail the sum assured at the earliest.

Affordable Premiums

The payable premium is very affordable in comparison with other policies. A discount premium is also available at annual mode. Low premium value secures an uncertain future.  


  • One important thing to note here is that this plan doesn't provide any maturity benefit upon the survival of the insured. The insurer is not liable to pay any sum on the term completion if the insured is well and alive.
  • The LIC Anmol Jeevan plan doesn't come along with any additional bonus or rider benefits. One cannot add any bonus or rider benefits while applying for this policy. Any claim other than death benefit is not appreciated under this policy.

The Premium Structure of LIC Anmol Jeevan Policy

One can pay the premium on an annual and semi-annual basis. The LIC Anmol Jeevan policy allows one to pay the agreed premium once or twice every year. The premium structure of this plan is fundamental and easy to understand. The total annual payable premium is different for different age groups.

The premium differs from the total sum assured one has opted for. Payable premium is different for all claimable amounts. The premium structure for Sum Assured Rs. 10 Lakh and Rs. 20 Lakhis shown below in the tabular form. The policy tenure for the shown premium structure is 15 years. Taxes are not included.

Age of the applicant

Sum Assured of Rs. 10 Lakh

Sum Assured of Rs. 20 Lakh










To explain further, if one 30 years old person buys this LIC plan for 15 years and he opts for a sum assured value of 20 Lakh, he needs to pay 5300 rupees every year in order for his family to claim Rs. 20 Lakh upon his demise if that happens within the policy period.

Documents Required to Buy LIC Anmol Jeevan

People with Indian nationality can purchase the LIC Anmol Jeevan plan after submitting a few documents while applying. The required documents are listed below.

KYC Documents

One will need to show the KYC documents while filling the application form of this policy. A number of KYC documents are listed below.  

  • Passport
  • Voter Identity card
  • Pan card
  • Driving license
  • AADHAAR card
  • NREGA card

One will need any of these documents while filling up the application form.

Residence Proof

Address proof is one of the essential documents to apply for the LIC Anmol Jeevan policy. The following documents can be shown as address proof.

  • Rental agreement
  • Ration card
  • Electricity bill
  • Gas bill
  • Water bill

Proof of age

One will compulsorily need to prove their age before applying as age is the main factor in deciding the payable premium.  

One can provide the following documents to prove their age:

  • Birth certificate
  • SSC leaving certificate
  • Pan card

Along with the documents mentioned above, one will need to provide their authentic medical history. Depending upon the policy term and sum assured, some medical examinations can also be done in a few cases.

The applicant's smoking and/or drinking habits may be analysed in accordance with the terms and conditions of the policy.

The Process to Buy LIC Anmol Jeevan Online

The process to buy the LIC Anmol Jeevan plan is much faster than the traditional offline method. One can apply online from any comfortable place like home, office, Cybercafé, or any other place of their choice.

Like any other product, one can follow the standard online purchase procedure to buy this policy. It is handy for people who are comfortable with internet purchasing as it saves a lot of time and effort.

Step 1:Go to the website of your choice where the LIC Anmol Jeevan plan is available.

Step 2:Select the online buy option.

Step 3:Get yourself registered through OTP.

Step 4:An online application form will display.

Step 5:Fill in the online form with the authentic credentials.

Step 6:Provide health details and smoking and/or drinking habits, if any.

Step 7:Upload scanned copies of the required documents.

Step 8:Select the relevant policy term.

Step 9:Read all the policy terms and conditions carefully.

Step 10:Complete the process by clicking finish after agreeing to all terms and conditions.

Key Exclusions of LIC Anmol Jeevan

Exclusion is a technical term that indicates the exemption of the insurer from paying the agreed sum assured. There are specific conditions under which the insurer is not liable to provide the full death benefit.

The reason for the exclusion is suicide committed by the insured. When the life assured commits suicide, the corporation will not pay the full death benefit but may provide some percentage of the total amount depending upon the conditions.

Two exclusion conditions are stated below:

  • Suicide is committed within 12 months from the policy commencement. When the insured commits suicide within the first 12 months of the policy term, the insurer will return only 80% of the total premiums paid till the date of suicide. The beneficiaries cannot claim anything more than what has been stated.  
  • In case suicide is committed within 12 months of revival.

If the suicide is committed within 12 months of the policy revival of the policy, the corporation will be liable to pay 80% of the premiums paid to date or the surrender value acquired, whichever is higher.

The beneficiaries cannot claim death benefits under the exclusion.


Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

**Tax benefit is subject to changes in tax laws

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Average Rating
(Based on 26 Reviews)
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LIC Anmol Jeevan Reviews & Ratings

4.6 / 5 (Based on 26 Reviews)
(Showing Newest 25 reviews)
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
Agra, April 07, 2021
Good plan
I like my Lic India term plan from the online market and I found the solace in this plan. It is a good thing to support yourself by getting the best term plan so secure the life.
Babina, March 23, 2021
Additional riders and benefits
It is a good idea for everyone to buy a LIC term plan as I have got the additional riders too under the same. The plan is very nice and much helpful.
Anantnag, March 22, 2021
Tax benefits
With this LIC term insurance plan I received a tax rebate and tax benefits. I found it much better as compared to other plans and it’s a kind of coverage and investment for me. I am totally happy with this plan and found it worthy.
Mawana, March 16, 2021
Secure your family
I have secured my family by buying a LIC term insurance plan. It is a long term plan with a lot of benefits under the same. At-least I will be satisfied that my family will safe and financially secured after I am not around. It’s a great plan under my budget.
Baleshwar, March 02, 2021
Premium payment is easy
It’s really easy to pay for the premium amount of my lic India term plan. Also, I pay it online because it is transparent in nature. I bought this plan like about 4 years back and continuing it for its safety purposes.
Bablabona, February 22, 2021
Sufficient plan
I have recently bought a lic India term insurance plan and it has been a wonderful plan for me and my family. A sufficient plan for the safety and security of my family. It has given me few benefits too which makes the plan a wonderful.
Badayun, February 16, 2021
Affordable premiums
The term insurance plan which I bought of Lic India is first class and very amazing. I like the plan because it has various features and benefits which makes the plan worthy. Also, the premium rate of the plan is according to my budget and much affordable.
Malpur, November 05, 2020
Beneficial plan
My LIC India term insurance plan is really good and beneficial in nature. They have provided with certain features and my life has been protective to me and my family.
Latur, November 05, 2020
Low premium
I got my term insurance plan of LIC India. It is really easy to attain and my term plan is really good as it has several add on features included into the same. The premium rate of my plan is really affordable in nature.
Dehradun, November 05, 2020
Tax benefits
Somebody into my circle recommended me to get the LIC India term insurance policy. So, I gave it a try and started searching for some plans. Quite easy to check features and benefits of all LIC term plans.
Garhmukteshwar, October 21, 2020
Amazing plans
It is a really good and amazing plan and I took the LIC term insurance plan for the safety and security of my plan needs and wants.I took the plan online and have checked good number of plans of LIC term plan.
Faridabad, October 21, 2020
Best policy
My lic term insurance plan which I bought recently have given me so much of help and satisfaction. It is a good plan with sense of safety and security. Claims are easy to go and basically it is a best plan for your future needs.
Haldwani, October 21, 2020
Good plans
I have got the lic India term insurance. The maturity year is pretty good and I am much happy with my term plan.
Basanti, January 08, 2019
Very Good Plan
Recently I took the Term insurance of LIC and found it too useful. The maturity year is good which 75 years. I feel it is good as it can used by my family after me if by chance some problem may occur. We should always secure our life so it was a good experience and I am getting good benefits too. Thank you.
Buxar, July 20, 2016
Excellent Work
The premium is low but the paybacks are high. Service is fast and because of that the claiming is simple to sanctioned. The lic term plan is suggested by my father and after seeing the terms and conditions i buy it.
Ahmedabad, July 20, 2016
Super Policy
My lic term plan is providing the best services. Policy covers maximum expenditures and good returns. Claims are easy to sanctioned, updates of the plan is mailed to email address. Best investment which reduces taxes.
Uttamnagar, July 19, 2016
Perfect Policy
LIC online term plan is very easy to buy and renewals is also simple. The updates regarding policy can be visit on the website of the insurance company. Service is fast and behaviour of the staff is nice. The investment is less and the returns are high.
Jaipur, July 19, 2016
The lic term insurance plan is fantastic which i have seen comes from ages and providing good policies to the customers. Service is the best no doubt in that, online portal is also easy to access and anyone can operate it easily.
Hyderabad, July 19, 2016
Good Service
I have lic term insurance plan which is very beneficial for me and my family members from last few years. The policy coverage is high and the premium is less. Service is fantastic which is facilitate by the executives and members.
Ahmednagar, March 09, 2016
help me, plane choose
Noida, January 02, 2016
life insurance
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