LIC’s Anmol Jeevan 1 Table No. 164
Term insurance is often the most inexpensive life insurance solution. Term insurance is recommended by most of the investment and financial experts.
Anmol Jeevan-I Summary:
Life Insurance Corporation Of India’s Anmol Jeevan-I (Plan No. 164) is a unique plan of assurance, by far the cheapest policy to buy; cheaper than even a whole life policy to start with. Anmol Jeevan-I is a pure term cover provides only life cover unlike endowment and money back policies which have a built-in saving element too.
Benefits:
On Maturity:
On Maturity no amount will be paid to the Policyholder.
On Death:
On death of the Policyholder during policy term, S.A. will be paid to the nominee.
Income tax rebate:
The premium paid towards Anmol Jeevan-I is eligible for tax deduction under section 80C of the Income Tax Act,1961.
Eligibility Conditions and Restrictions for LIC Of India’s Anmol Jeevan-I:
Minimum Age at entry: 18 years (completed)
Maximum Age at entry: 55 years (nearest birthday)
Maximum Age at maturity: 65 years (nearest birthday)
Policy Term: 5 years to 25 years
Minimum Sum Assured: Rs.5,00,000/-
Maximum Sum Assured: Less than 25,00,000 /-
(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured above the minimum Sum Assured)
Loan: Not available
Surrender Value: Nil
Dating Back: Allowed
Grace Period: 15 days
Payment Of claims:
No Claims concession will be applicable to this Policy.
Mode of Premium :
Premium can be paid either in Yearly, Half-yearly & Single Premium.
Example: Mr. LIC takes a policy for 20 years for Rs.20 lakh sum assured.
(a) On survival till maturity, Mr. LIC will not receive any amount.
(b) On death of Mr. LIC during policy term, his nominee will get Rs.20 lakhs S.A.
The Unique Identification Number (UIN) for LIC Of India’s Anmol Jeevan-I Plan is 512N213V01.
How to Apply for LIC Of India’s Anmol Jeevan 1?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)
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Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
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my dob 08.09.1973, i want to take a anmol jivan for rs. 25,00,000.00 for 15 years, what is the yearly premium & singal premium
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my dob 01.02.1986, i want to take a anmol jivan for rs. 25,00,000.00 for 20 years, what is the yearly premium & singal premium
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my dob 08.09.1973, i want to take a anmol jivan for rs. 25,00,000.00 for 15 years, what is the yearly premium & singal premium
Reply
i am 37+ i want jivan anmol policy for rs. 24,00,000.00. what is preimium of yearly or half yearly & when i booked policy today then my risk is insurance when.
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I want to take Anmol jeevan1 for a period of 20 years and amount is 10 lakhs.
what will be the single premium and what will be the yearly premium.
my age is 38.
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Tabrej Reply:
June 14th, 2010 at 4:40 pm
Yearly Rs.5,881 or Rs.64,410 single premium
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I am holding an anmol jeevan since 2004.could u please educate me on the issue that what will happen to the money that i am paying as an yearly premium at the time of maturity?
i am paying an yearly premium of rupees 10,000. sum assored is 5lacs for the period of 20years.
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Tabrej Reply:
June 8th, 2010 at 1:21 pm
Parvinder,
Are you aware that this is a Term Insurance?
There is no maturity benefit in Term, the SA is payable on death to your nominee within the term.
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my date of birth 23/05/1982, what will be my premium for anmol jeevan for 25 yrs plan for 25 lack.
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Tabrej Reply:
May 18th, 2010 at 8:57 pm
Amulya Jeevan
Yearly Premium: 6,625
Half yearly: 3,379
Single Premium: 83,800
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Hi, My age is 37+, I want to know about jeevan anmol policy,ie: if I take jeevan anmol policy for 20 years and for Rs.2000000/- what will the half yearly and yearly premium made.
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Tabrej Reply:
May 18th, 2010 at 8:54 pm
Yearly Premium: 10,831
Half yearly Premium: 5,470
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Hi, My age is 37+, I want to know about jeevan anmol policy,ie: if I take jeevan anmol policy for 20 years and for Rs.2000000/- what will the half yearly and yearly premium made.
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my name bindu
my father 50years old he want to ANMOL JEVAN POLICE
what you tell me full information
exampal : how amunt per year
: when last premium amunt
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