LIC ANMOL JEEVAN-II POLICY

LIC Anmol Jeevan-II Policy Introduction:

LIC Anmol Jeevan-II Policy is a most economic pure life insurance plan to cover your life and protect your family. LIC Anmol Jeevan-II policy is a protection plan which provides financial protection to the insured’s family in case of his/her unfortunate death.

The Premium amount of LIC Anmol Jeevan-II Policy is about 2 to 3 rupees for every 1000 rupees of total sum assured by you. This LIC Anmol Jeevan-II Policy is very cheapest pure life insurance plan. LIC Anmol Jeevan-II plan is a regular premium paying conventional WITHOUT profit pure protection plan.

Terms And Eligibilty Conditions For LIC Anmol Jeevan-II Policy

ENTRY AGE	Minimum age: 18 years(completed) Maximum age: 55 years(nearest birthday)
POLICY TERM	Minimum Policy term: 5 years Maximum Policy term: 25 years
SUM ASSURED	Minimum Sum Assured: Rs.6,00,000 Maximum Sum Assured: Rs.24,00,000
MAXIMUM COVER CEASING AGE	65 years(nearest birthday)
PREMIUM PAYING MODE	Half-Yearly and Yearly
ADDITIONAL PREMIUM OR PREMIUM REBATES	For Half-Yearly Mode- 2% more than original premium rate For Yearly Mode- Nil
SUM ASSURED REBATE	NIL
GRACE PERIOD	If the Premium is not paid within the time then a delay of 30 days is extended to pay the premium amount which is grace period.
TAX BENEFITS	Applicable for 12.36% Service tax. For more information regarding Income Tax Benefits, visit www.taxqueries.in.
COOLING OFF PERIOD	If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the policy.
BACKDATING INTEREST	The policy can be backdated within the same financial year. No interest will be charged for backdating.
ASSIGNMENTS OR NOMINATIONS	Available Under this plan
DOCUMENTS REQUIRED FOR FRESH POLICY	Application form/Proposal form along with photo. Address proof Age proof Medical reports(If required)
POLICY STAMPING CHARGES	20 paise per 1000 of total sum assured

Benefits Of LIC Anmol Jeevan-II Policy

Benefits covered under LIC Anmol Jeevan-II Policy

• Death Benefit: In case of any unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.
• Maturity Benefit: On survival up to the end of policy term, No benefits shall be payable.

Additional Information of LIC Anmol Jeevan-II Policy

• In LIC Anmol Jeevan – II policy, Loan Facility is not available
• No paid up value is provided Under this LIC Anmol Jeevan – II plan
• No riders are  available Under this LIC Anmol Jeevan-II Policy
• Under this  LIC Anmol Jeevan-II policy surrender benefits are not provided.
• Policy Revival: If the premium is not paid by you within the grace period then the  policy will lapse. If you are interested to continue this policy then you can revive your policy on or before 2 years from date of first Unpaid premium.
• Suicide clause: If the policy holder commits suicide for any of the reasons within 12 months of date of commencement of risk or from date of revival, then 80% of premium for what he had paid will be returned to his assignee or nominee.
• Payment of claims: No claims concession will be applicable to this policy.

LIC Anmol Jeevan-II Policy Buying Procedure

Documents required to buy fresh policy of  LIC Anmol Jeevan-II  Policy

• Application form/Proposal form along with photo
• Address Proof
• Age Proof
• Medical reports(if required)

Claim Procedure  for  LIC Anmol Jeevan-II Policy

The documents required for claim procedure under LIC Anmol Jeevan-II Policy are given below

• NEFT form
• Discharge form
• Cancel check or Bank Pass book xerox
• Policy bond
• Death certificate

LIC Anmol Jeevan-II policy claim form

LIC Anmol Jeevan-II Policy Premium Calculator

The required data for calculating the premium rates in LIC Anmol Jeevan-II Policy

• NAME :
• E-MAIL ID :
• MOBILE NUMBER :
• AGE :
• TERM :
• SUM ASSURED :

Example for LIC Anmol Jeevan-II Policy 

• Naveen had purchased LIC Anmol Jeevan-II Policy. Details of Naveen are as follows

Total Sum Assured by him : Rs.10,00,000

Policy term : 15 years

Age : 25 years

• In LIC Anmol Jeevan-II Policy there are  2 Premium paying modes as stated in above table. They are Yearly and Half-Yearly payment modes.
• Case-1: If Naveen had decided to pay in yearly mode then the yearly Premium he has to pay with and without tax are

LIC Anmol Jeevan-II Policy Yearly Premium Table:

Premium	Without Tax	Tax	With Tax
Yearly Premium	2260	279	2539

• Case-2: If Naveen had decided to pay in Half-Yearly mode then the Premium he has to pay with and without tax are

LIC Anmol Jeevan-II Policy Half-Yearly Premium Table:

Premium	Without Tax	Tax	With Tax
Half-Yearly Premium	1153	143	1295

• If in case any accidental death or natural death occurs during policy term then maturity and death benefits are given below

Maturity and Death benefits:

Natural/Accident death benefit	Rs.10,00,000
Maturity Benefit	0

FAQ’s Of LIC Anmol Jeevan- II Policy

1.What happens if you stop paying the premium?

A: If policy holder stops paying the premium then all benefits of the policy will cease after the expiry of grace      period of 30 days.The policy holder can revival the policy with in 2 years from first unpaid premium by submitting relevant proofs.

2.Is there any loan benefits in this LIC Anmol Jeevan-II Policy?

A: No, there is no loan facilities in this policy.

3. Is there any maturity benefit in this LIC Anmol Jeevan-II Policy?

A:Maturity benefit is not available in this policy.Only death benefit is available.

LIC Anmol Jeevan-II Policy Documents and forms

Lic Anmol Jeeven-II Policy Revival form 720

Lic Anmol Jeeven-II Policy Revival Form 700

Lic Anmol Jeeven-II Policy Proposal form 300

Lic Anmol Jeeven-II Policy Proposal form 340

lic anmol jeevan-II policy circular

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