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.
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| 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