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This plan has been withdrawn by the Life Insurance Corporation (LIC) of India.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

Read more
LIC Plans-
Buy LIC policy online hassle free
Tax saving under Sec 80C & 10(10D)^
Guaranteed maturity with life cover for securing family's future
Sovereign guarantee as per Sec 37 of LIC Act
LIC life insurance
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Now Available on Policybazaar
Grow wealth through
100% Guaranteed Returns with LIC
We don’t spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on ''View Plans'' you, agreed to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

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

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:-
++Returns are 10 years returns of Nifty 100 Index benchmark

LIC of India
LIC Plans
LIC Jeevan Utsav
LIC Jeevan Kiran
LIC Dhan Vriddhi
LIC Monthly Investment Plans
LIC Jeevan Azad
LIC 1 Crore Endowment Plans
LIC Jeevan Labh 1 Crore
LIC Crorepati Plan
LIC Dhan Varsha - Plan No. 866
LIC Pension Plus Plan
LIC New Jeevan Shanti
LIC Bima Ratna
LIC Group Plans
LIC Fixed Deposit Monthly Income Plan
LIC Savings Plans
LIC’s New Jeevan Anand
LIC New Jeevan Anand Plan 915
LIC's Saral Jeevan Bima
LIC's Dhan Rekha
LIC Jeevan Labh 836
LIC Jeevan Jyoti Bima Yojana
LIC Child Plans Single Premium
LIC Child Plan Fixed Deposit
LIC Jeevan Akshay VII
LIC Yearly Plan
LIC Bima Jyoti (Plan 860)
LIC’s New Bima Bachat Plan 916
LIC Bachat Plus Plan 861
LIC Policy for Girl Child in India
LIC Samriddhi Plus
LIC New Janaraksha Plan
LIC Nivesh Plus
LIC Policy for Women 2024
LIC Plans for 15 years
LIC Jeevan Shree
LIC Jeevan Chhaya
LIC Jeevan Vriddhi
LIC Jeevan Saathi
LIC Jeevan Rekha
LIC Jeevan Pramukh
LIC Jeevan Dhara
LIC Money Plus
LIC Micro Bachat Policy
LIC Endowment Plus Plan
LIC Endowment Assurance Policy
LIC Bhagya Lakshmi Plan
LIC Bima Diamond
LIC Bima Shree (Plan No. 948)
LIC Jeevan Saathi Plus
LIC Jeevan Shiromani Plan
LIC Annuity Plans
LIC Jeevan Akshay VII Plan
LIC SIIP Plan (Plan no. 852) 2024
LIC Jeevan Umang Plan
LIC Jeevan Shanti Plan
LIC Online Premium Payment
LIC Jeevan Labh Policy-936
LIC Money Plus Plan
LIC Komal Jeevan Plan
LIC Jeevan Tarang Plan
LIC Bima Bachat Plan
LIC’s New Money Back Plan-25 years
LIC Money Back Plan 20 years
LIC Limited Premium Endowment Plan
LIC Jeevan Rakshak Plan
LIC New Jeevan Anand (Previously LIC Plan 149)
LIC New Endowment Plan
LIC Varishtha Pension Bima Yojana
LIC Investment Plans
LIC Pension Plans
Show More Plans
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans
Download the Policybazaar app
to manage all your insurance needs.