LIC’s Anmol Jeevan I
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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37 Comments
i am house wife i want to takeover anmol jeevan plan-1 (pure term insurance plan) for 1000000 amount for maximum year. my date of birth is11/12/1978.and premium will be paid by my govt. employee husbund.can i take this policy .is any other condition for takeover the policy.please onform me my i.d. as soon as possible.what will be my premium for annual payment.
Tabrej Reply:
November 20th, 2009 at 6:18 am
The yearly premium would be Rs.5,980 for 25 years term.
Yes, your husband can pay premium.
Dear sir,
I am 34 year old. please tell me Premium of Jivan Anmol Table (No. 164 )
Amount Rs. 20 Lac, Period 20yr
Amount Rs. 20 Lac, Period 15 yr.
Amount Rs. 20 Lac, Period 10 yr.
Amount Rs. 2o lac , Period 5 yr.
Thanks.
I am working for Pvt firm,cai i take Anmol Jeevan policy on my Husbands name,if so can i get the tax benifit for me as my husband is not eligible to pay tax.
Dear sir, i am eng. Age 31y. i want anmol jeevan1. time-25y -25 lac
Tabrej Reply:
January 12th, 2010 at 3:54 pm
Age : 31
Policy term (in yrs.) : 25
Payment term (in yrs.) : 25
Yearly Premium: 10,222.00
Half yearly Premium: 5,163.00
Single Premium: 1,22,375.00
Please send your contact no. and address so we can complete the documentation.
Hi Tabrej,
for term insurance policies of anmol jeevan and amulya jeevan, I read on the apna insurance site comparison chart that accidental death benefit is not covered.
Does “in the event of death” mean either natural,due to illness or accidental (except suicide)?
another question – do the above policies have no riders i.e disability clauses for which additional premium amount can be paid.
also is a health checkup required to get the policy?
Thank you,
Sanjeev
my age is 43 years , policy cover upto 58 yeras age how much premium for yearly i will be paid please send datils
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
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.
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.
Resp. sir
Please send me following details
–prem. of anamol jivan
age– 27 yrs and 30 yrs
duration– 20 yrs and 25 yrs
sum assu.–10 and 15 lakhs for both age
plan 164-anmol jivan -1(without profit) rs.1500000/-
plan 149 jeevan anand rs.200000/- joint policy
birth date 12.03.1982
the below table show the annual premium paid & risk cover & return & loan availability
my date of birth is 17/01/1956. what would be the premium in anmol jeevan policy for 10 lacs p.a. also when does the risk start after taking the policy.
my date of birth is 17/01/1956. what would be the premium in anmol jeevan policy for 10 lacs p.a. also when does the risk start after taking the policy.
i want amulaya jeevan policy for my mother, age 55
wat will be the premimun yearly
Dear sir
Please infome premium amount for anmol jivan (term plan)
my b’date 11/08/1974
Regards,
Dear Sir/Ma’am
I want to know the medical tests required before applying the Anmol jeevan policy for 10Lac.
Thanks & Regards
Dear sir,
I want to about term insurance policies of Anmol jeevan and Amulya jeevan, In the ecase of Accidental death (onspot death )benefit is covered or not?
If i want to take Anmol jeevan for my wife, can itake and pay for her?
Answered please as soon as posible.
Thank you,
G P Shukla
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My age is 46 yrs, pls. tell me what will be the premium for Anmol Jeevan-1 (plan no. 164)
amount – 10,00000——monthly—-half yrly—-yearly—?????
amount-15,00000———-do————-do———-do—–?????
same for 20 and 25 lacs for the period of 15 yrs.
Reply
Tabrej Reply:
November 20th, 2009 at 6:13 am
Yearly Premium for 10 lacs would be Rs.9,672 for 15 years term and Rs. 14,508 yearly premium for 15 lacs.
Reply