Secure your family with LIC Term Plan

Amulya Jeevan 1 (Table No. 190)

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)

Yearly Premium for Pure Term Policy : 25 year

Complete protection at a nominal cost

Tax benefits under Section 80C

 

Sum Assured

Age

25 Lac

30 Lac

40 Lac

50 Lac

1 Crore

25

5875

7050

9400

11750

23500

30

7300

8760

11680

14600

29200

35

9925

11910

15880

19850

39700

40

14250

17100

22800

28500

57000

 

Documents required :

 

1.       1 PP size photo

2.       Date of birth proof

3.       Address proof

4.       6 month bank statement

5.       3 months salary  slips

6.       Last 3 year IT returns/Form 16

7.       Copy of PAN card

8.       Medical Examination by LIC

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2 thoughts on “Secure your family with LIC Term Plan

  1. Pingback: Sovereign Guarantee for all policies issued by LIC will continue by Govt « V-Secure Investments

  2. Pingback: Cheaper Term Cover ? Think again | V-Secure Investments

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