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LIC's Amulya Jeevan II Plan

LIC’s Amulya Jeevan II Plan - Features
LIC’s Amulya Jeevan II Plan – Benefits
LIC’s Amulya Jeevan II Plan – Details
LIC’s Amulya Jeevan II Plan - Eligibility Conditions & Other Restrictions

LIC’s Amulya Jeevan II Plan - Features

LIC’s New Amulya Jeevan II Plan is a pure risk cover Term plan of sum assured for Rs.25 lakhs or more which can be opted primarily for protection. In this plan, the nominee will get the entire Sum Assured if the Life insured dies during the policy term. There are no Maturity or Survival benefits.

 

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LIC’s Amulya Jeevan II Plan – Benefits

  • Survival Benefit : No benefit is payable on maturity as this is a pure protection plan
  • Maturity - No benefit is payable on maturity as this is a pure protection plan
  • Death Benefit : (provided the policy is In force) - The entire Sum Assured is paid to the nominee on death of the Life Insured during the policy term.
  • Income Tax Benefit : - Premium paid under this plan is eligible for TAX rebate under section 80C of Income Tax Act
  • Death Benefit will also be tax free under sec 10(10D)

 

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LIC’s Amulya Jeevan II Plan – Details

  • Pure term plan with only death benefit
  • Sum Assured of Rs.25 Lakhs or more can be opted
  • There is no maturity benefit in this plan
  • Tax benefits available on Premium paid.
  • Death Benefit is Tax Free income for the nominee.

 

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LIC’s Amulya Jeevan II Plan - Eligibility Conditions & Other Restrictions

LICs Amulya Jeevan II Plan - Eligibility Criteria
  MIN. MAX.
Age 18 Years 60 Years
Term 5 Years 35 Years
Sum Assured 25,00,000 No upper limit
Modes Yearly and Half-Yearly

 

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