LIC’s Amulya Jeevan 1
LIC’s Amulya Jeevan 1 (Table No. 190)
Amulya Jeevan 1 Summary:
Protect your loved ones from any unexpected surprises in life, any time with Life Insurance Corporation of India’s Amulya Jeevan. Amulya Jeevan 1 (Plan No. 190) is a Term Assurance plan with minimum Sum Assured of Rs.25 lakh. This is a pure Term Assurance Plan like Anmol Jeevan 1.
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, provided the policy is kept in force.
Income tax rebate:
The premium paid towards Amulya Jeevan 1 is eligible for tax deduction under section 80C of the Income Tax Act,1961.
Eligibility Conditions and Restrictions for LIC Of India’s Amulya Jeevan-I:
Minimum Age at entry: 18 years (completed)
Maximum Age at entry: 60 years (nearest birthday)
Maximum Age at maturity: 70 years (nearest birthday)
Policy Term: 5 years to 35 years
Minimum Sum Assured: Rs.25,00,000/-
Maximum Sum Assured: No Upper Limit
(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured more than the minimum Sum Assured)
Loan: Not available
Surrender Value: Nil
Dating Back: Allowed
Grace Period: 15 days
Mode of Premium :
Premium can be paid either in Yearly, Half-yearly & Single Premium.
Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to Life Insurance Corporation Of India within 15 days.
Example: Mr. LIC takes a policy for 25 years for Rs.50 lakhs.
(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.50 lakh S.A.
The Unique Identification Number (UIN) for LIC Of India’s Amulya Jeevan – 1 is 512N250V01.
How to Apply for LIC Of India’s Amulya 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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Insurance plan found by searching:
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- Amulya Jeevan - 1
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58 Comments
My Age is 36 Years. I want to take term Plan of LIC. Out of two plan Amulya Jeevan & Anmol Jeevan, which one will be better for me. I nees 25 Lacs sum insurance for 25 Years.
Please Suggest.
Thanks,
Tabrej Reply:
August 26th, 2009 at 10:25 am
Both the policy will give you same benefit. Amulya Jeevan 1 is for 25lacs and above where as Anmol Jeevan I is for sum assured between 5lacs-25lacs.
for the calculations please tell where to calculate the premium amount for30 lacs and 50 lacs amount of sa in amulya jeevan? And even in other policies?
Tabrej Reply:
October 21st, 2009 at 9:16 am
Sure, you can calculate your Premium at: http://mylicindia.com/premium.html
i want purchase insurance for my homeloan protection pl. advise
Tabrej Reply:
November 13th, 2009 at 3:08 pm
Most of the Home loan covers Insurance now a days. If you have not opted for Insurance cover while applying for Home Loan then you have the option to choose any LIC Policy that can cover the Outstanding home loan.
Please provide your contact details, Date of Birth, Loan amount, EMI etc to info at mylicindia.com I will arrange a callback.
Amulya Jeevan – 1 —does it cover all illness. Kindly confirm the same.
i am house wife .can i take term assurance plan for 35 year for 2500000 my date of birth 11december1978.but premiun will be paid by my husbund who is govt. employee.can you tell me what will be my premium for above amount
In case of Amulya Jeevan I from LIC, what happens if the policy holder becomes Permanent Diasble due to an accident within term of policy. Will the policy continue ? and what about the payment of premiums? I mean is there premium wavier rider available in this policy….
I am Accounts Professional I want term Insurance plan with my life
pls send me details
my DOB is 01-09-1976
Required Sum Assured 25 Lacks
Plan Term Plans
Term Max years atleast 30 Years
My salary is 15000/- PM
What is the limit upto which medical test is not required, if age is below 35
Test depends on your present health. Please walk in to your nearest branch and they will guide you.
D.O.B :24-08-1981
YEARLY INCOME :2.5 LAKHS
WANT TO TAKE SUM ASSURED OF 30 LAKHS (AMULYA JEEVAN-1)
GIVE DETAILS OF BENIFITS AND ANUAL PREMIUM
Iam planning to do term insurance(no profits based) for 50 lakhs FOR LIFTE TIME.Please suggest the best plan.
Is there any term plan for 66 years old person.
Regards
sai srinivas
09446415579
Cochin
DOB : 24/11/1971
Best policy for short period (5 years) investment and highest yield
What will be the annual investment to get 50 lakh after 5 year term (Guaranted)?
i was told that lic of india does not cover a merchant navy officer for a term insurance value of above 65 lacs. is this correct? i want to take a pure term insurance, value of 1 cr, what is the correct available policy that i can get. a friend has suggested amulya jeevan. please advise.
thanks in advance
MY age in 29.I consulted my one agent for amulya jeevan(Table no – 190).
He said that no medicle checkup is required for your age because your age is less.
I want to know whether this is correct or not ?At the age of 29 do I need for medicle checkup.
PLease help
Thanks,
Abhishek
Hi,
After death.How will the nominee get the insured amount ?Whom they will approach for the insured amount ?How long it take to get the insured amount ?What all verication LIC does ?Suppose at time of taking policy the policy holder did not smoke and drink and he mentiont that in form but at time of death(due to any disease) he was drinking and smoking than will this case go negative ?PLease let us all know about this in detail.
Thanks in advance
Regards,
Abhishek
Tabrej Reply:
May 12th, 2010 at 2:18 pm
a non-drinker doesn’t mean they will never drink in their life. One may change his or her lifestyle in 1 year or may be 5 years so that doesn’t matter. but you should not hide any illness.
Your nominee can claim the insurance amount and verification and settlement time depends on how much sum assured you have opted for.
my d.o.b. is 24-12-1972. i am working for private sector and i want rs. 60 to 70 lacs after 25 years at minimum premium . for my requirement do you hav any policy if yes than pls mail me and hav i got accidental benifits?
1. What all death will be covered by this policy? Does it cover
– Accident
– Disaster say like air crash/earthquake etc
– Critical illness
2. How long will the medical test take to complete?
3. What all riders are allowed along with this policy?
Can you send me detailed brochure for this policy?
Does Amt payble on Death covers War,Criminal Offence,aviation,HIV,AIDS,Drugs,Alcoholabuse etc? What are the exclusions except Suicide, which is already mentioned on the website?
i am planing for LIC’s Amulya Jeevan 1.
plase send me preimum for 25 lakhs sum assure.
my age is 34 years.
thanks,
Tabrej Reply:
June 8th, 2010 at 1:06 pm
In absence of term I have consider it for 25 years.
Your Premium would be Rs. 9,300/- yearly.
If you want to apply now then fill the form here: http://www.mylicindia.com/apply
my date of birth is 01-12-72, i want a term insurance from Lic, for a sum of 10 lakhs, upto the age of 70 years, how much premium i have to pay annually, what will be beneficial for me to pay annually or pay one time pl. suggests.
Tell me Yes No whether Term Insurance covers following
Death due to
1. Air crash
2.Road accident
3.Natural Calamities
4.Terririst Attack
Gopal
Hi,
I am planning to take term Insurance Plan for Rs. 25.00 lakh, my DOB is 14.09.1974 , my Insurance agent told me that in case you opting for Insurance of Rs. 25.00 you have to undergo medical test. If you go for Rs. 10.00 Jeevan Anand, There is no need of Medical Check up. I am little diabetic.
Kindly advice which policy is better for me.
Hello,
Want to go for Amulya jeevan 50 lacs -25 yrs,for my husband…dob 20.03.1975… also want to know if taking a CI as a rider is better or shoud i go a for a separate CI plan…We reside outside India…whats the procedure and other documentations….
Ash
Tabrej Reply:
June 22nd, 2010 at 8:56 pm
You can go for a separate health insurance for CI. For NRI procedures read this: –> http://www.lifeinsuranceindiaonline.com/nri-insurance/
I want to cover my home loan of Rs25,00,000/- with in a term of 12 years.
I will be 48 in 1st July.
I plan for Amulya Jeevan -I term end policy for the coverage.
Will it be a better choice ?
I also look for a Home loan mortgage reducing balance term policy.Please let me know about it.
Please send the EMI I need to pay for 12 years term , 25.00.000/- for Amulya Jeevan and any other details by email as early as possible.
Thanks.
S.K.Das
#Matter urgent please#
I plan to take amulya jeevan 25 to 30Lakks, my age is 34 yrs. Please list out details of medical tests required to be carried out. Does it involve cancer / HIV / TB. Please reply urgently
#Matter urgent please#
I need a pure term policy to cover my life risk as well as my home loan amounting INR 5000000 on reducing balance basis.
My EMI is INR 46217 for 16 yrs.
My gross annual income is INR1600000.
As I know from yr website, it seems only AMULYA JEEVAN-1 serves this purpose. But would there be any difference on premium if I take the policy on a reducing balance basis.
Pls. advise.
I need your suggestion for a good policy for my wife (house wife-38 yrs) and CHILD PLAN policy as well.
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