LIC Amulya Jeevan - 1
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
LIC's Amulya 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 Amulya Jeevan1 is a pure term plan.
- Large Sum Assured Rebate for Sum assured above 1 cr.
COMPARE & BUY SIMILAR PLANS
Unique Features
LIC's Amulya Jeevan - 1 is pure term plan with minimum sum assured of 25 lac.
Product is for high sum assured requirements.
Eligibility Criteria
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Minimum age at entry | 18 Year (Completed) | ||||
| Maximum age at entry | 60 years (nearest birthday) | ||||
| Maximum age at maturity | 70 years | ||||
| Policy term | 5 to 35 years | ||||
| Minimum Sum Assured | Rs.25,00,000/- | ||||
| Maximum Sum Assured | No upper limit | ||||
| Note:- (Sum Assured shall be in multiples of Rs.1,00,000/-) | |||||
| Premium paying Mode | Yearly, Half-yearly or by Single Premium mode. | ||||
OneInsure App Benefits
Product Benefit
- Maturity Benefit:
No benefit is payable on maturity as this is a pure protection term plan.
- Survival Benefit:
Not Available
- 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 | |||||
|---|---|---|---|---|---|---|
| REBATES | The reduction in tabular premiums for different Sum Assured ranges | |||||
| Sum Assured | Regular Premium | Single premium | ||||
| Up to Rs.99 lakh | - | - | ||||
| Rs.1 Crore and above | - | Rs.0.50 %o SA | ||||
| MODE EXTRA | 2.00% of tabular annual premium for half-yearly mode | |||||
| PAID UP VALUE: | The policy shall not acquire any paid-up value. | |||||
| SURRENDER VALUE: | No Surrender Value will be available under this plan. | |||||
| LOAN | No loan will be available under this plan. | |||||
| COOLING OFF PERIOD | If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to us within 15 days | |||||
| Revival | If the Policy has lapsed, it may be revived during the life time of the Life Assured, but within a period of 5 years from the date of first unpaid premium and before the date of maturity, 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 fixed by the Corporation from time to time compounding half-yearly. | |||||
Add-ons
No riders available in the product
Exclusions
Exclusion in LIC's Amulya Jeevan - 1 Plan
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 Amulya 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.
