LIC Anmol Jeevan 1
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
LIC's Anmol Jeevan 1 is a pure protection plan which enables you to protect yourself against eventualities of life. You can make sure that you live upto your responsibilities even after you are gone.
Product Description
- LIC's Anmol Jeevan 1 is a pure term plan
- Maximum sum assured allowed in the plan is 25,00,000
COMPARE & BUY SIMILAR PLANS
Unique Features
- Anmol Jeevan 1 is a pure term plan which offers sum assured between 5 lac and 25 lac.
- Cost effective insurance plan without any maturity benefits.
Eligibility Criteria
| Eligibility Criteria | ||||||
|---|---|---|---|---|---|---|
| Minimum age at entry | 18 years (completed) | |||||
| Maximum age at entry | 55 years (nearer birthday) | |||||
| Maximum age at maturity | 65 years | |||||
| Minimum Term | 5 years | |||||
| Maximum Term | 25 years | |||||
| Minimum Sum Assured | Rs.5,00,000/- | |||||
| Maximum Sum Assured | Less than 25,00,000 . | |||||
| Notes:- The policy would be issued in multiples of Rs. one lakh for Sum Assured above Rs. five lakh. | ||||||
OneInsure App Benefits
Product Benefit
Maturity Benefit:- No benefit is payable on maturity as this is a pure protection term plan.
Death Benefit:- In case of unfortunate death of the Life Assured during the term of the policy, Sum Assured is payable, provided the policy is kept in force
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Rebate | i) Sum Assured Rebate : NIL in case of regular premium policies . | |||||
| Mode Rebate : 1 % of Annual premium for yearly mode and nil for Half-Yearly mode. | ||||||
| Back-Dating | The policy can be back dated within the financial year. No dating back interest shall be charged | |||||
| Revival | If the Policy has lapsed, it may be revived during the life time of the Life Assured, but before the date of expiry of policy term, on submission of proof of continued insurability to the satisfaction of the Corporation and the payment of all the arrears of premium together with interest at such rate as may be prevailing at the time of the payment. | |||||
| Paid-up Value | The policy shall not acquire any paid-up value | |||||
| Surrender | No Surrender Value will be available under this plan | |||||
| Policy Loan | No loan will be available under this plan | |||||
Add-ons
No riders available in the product
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy,
the Policy shall be void and the Company will only be liable to pay the premiums paid till date.
Tax Benefits
Tax benefits will be as per prevailing tax laws. Tax laws are subject to change.
Claim Process
Know claim process of LIC Anmol Jeevan 1 Plan
Company Overview
Life Insurance Corporation is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of Rs.1560482 crore
BENEFITS OF BUYING FROM ONEINSURE
OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.
