LIC RETIREMENT PLAN

LIC Amulya Jeevan 2 Plan No. 823 - Term Plan

LIC Amulya Jeevan 2 Plan No. 823 is a Pure Term Insurance Plan consists of Death Benefit & Maturity Benefit. LIC Amulya Jeevan 2 plan 823 is a protection plan which provides financial protection to the insured’s family in case of death of life insured during the policy term. In case of any unfortunate death of the policyholder during the policy term, the Sum Assured is paid to nominee. As the name suggests, this is a high value plan where the minimum benefit value is 25 lakh INR. The uniqueness of the LIC Term Plan is that a policy member could obtain high value fiscal support for the family member against very low premium payments. LIC released “Amulya Jeevan Plan 2 (Table 823)” on 3rd February 2014 as per new guidelines of IRDA.



LIC Amulya Jeevan 2 Plan No. 823

General Information of LIC Amulya Jeevan 2 plan 823

A. In Amulya Jeevan Plan 823 introduced by LIC, Service tax is added which is 14.5%. Amulya Jeevan II is a pure Term Insurance Plan.

B. This plan has no maturity benefits or no survival benefit.
C. Anmol Jeevan lic policy has the only death benefit. LIC Term Plan Amulya Jeevan 2 covers for the limited period, i.e. maximum up to 35 years from the date of commencement of policy.
D. Premium amount of LIC Amulya Jeevan Plan is very less i.e. 2 - 3 rupees for 30 years aged person for 1000 rupees risk coverage.
E. Amulya Jeevan 2 is a regular premium paying conventional plan without any profit. It is a pure protection plan provided by LIC of India.

Benefits Of Amulya Jeevan 2 Plan 823

Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

Eligibility Conditions and Restrictions

*Min Age at entry – 18 years (Completed)
*Max Age at entry – 60 years (Nearest Birthday)
*Age at Maturity – Maximum 75 Years
*Min Policy Term – 5 years
*Max Policy Term – 35 Years
*Premium mode – Yearly, Half-yearly
*Minimum Sum Assured – 25,00,000 (25 Lacs)
*Maximum Sum Assured – No limit
*Maximum insurance cover age limit – 70 years (nearest birthday) Sum assured will be multiple of 1,00,000
*Grace period will be not more than 30 days
*Loan – NO Loan will be granted
*Surrender Value– No surrender value
*Paid up value – No paid up value

LIC Anmol Jeevan II Plan 822 - Term Plan

LIC Anmol Jeevan II plan 822 is a most economic pure life insurance policy to cover your life and protect your family. Lic Anmol Jeevan II policy will cover your life and protect your family from unfortunate things. Anmol Jeevan lic policy is a term insurance plan. LIC Anmol Jeevan II Policy provides insurance cover at low premium. The Premium amount of LIC Anmol Jeevan II Policy is about 2 - 3 rupees for every 1000 Rupees of total sum assured by the policyholder.



LIC Anmol Jeevan Plan No. 822

Lic Anmol Jeevan Plan 822 Benefits:

• Anmol Jeevan-II Maturity Benefit: At the end of the policy term, No benefits shall be payable.
• Anmol Jeevan-II Death Benefit: TheSum assured is payable on the death of Life Assured.

Additional Information of LIC Anmol Jeevan-II Policy

• Loan Facility is not available in LIC Anmol Jeevan II policy.
• Under this LIC Anmol Jeevan II plan, No paid up value is provided
• No riders are available Under this LIC Anmol Jeevan II policy
• Surrender benefits are not provided under this Anmol Jeevan II policy
• Revival Policy : If the premium is not paid by you within the grace period then the policy will lapse. If you are interested to continue this policy then you can revive your lic policy on or before 2 years from date of first unpaid premium.
• Suicide clause: If the policy holder commits suicide for any of the reasons within 12 months of date of commencement of risk or from date of revival, then 80% of premium for what he had paid will be returned to his assignee or nominee.
• Payment of claims: No claims concession will be applicable to this policy.
  Payment of Premiums:
• Premiums can be paid regularly during the term of the policy at yearly or half-yearly intervals.
• A grace period of one month but not less than 30 days will be allowed for payment of premiums.
  Plan Information In Short:
  Plan Number: 822
  Plan name:Anmol Jeevan - II
  Minimum age at entry – 18 years (completed)
  Maximum age at entry – 55 years (nearest birthday)
  Minimum Sum Assured – 6 Lakh
  Maximum Sum Assured - 24 Lakh (The Sum Assured shall be in multiples of 1 Lakh)
  Maximum cover ceasing age – 65 years (nearest birthday)
  Minimum policy term - 5 years
  Maximum policy term – 25 years
  Maximum Sum Assured: No Limt(Multiple of Rs. 5000)
  Mode of Premium payment: Yly, Hly
  Gender Allowed: Both
  Death Benefit – Sum Assured shall be payable
  Maturity / Survival Benefit - No benefits on maturity
  Loan – NO Loan will be granted
  Surrender Value- No surrender value
  Paid up value – No paid up value