LIC Amulya Jeevan (Table - 823) is a term life insurance plan which
provides financial protection to your family in case of unfortunate
demise. The policy should be having a minimum sum
assured of 25 Lakhs.
Sum assured lesser than 25 Lakhs can be taken in Anmol
You get good Sum Assured at very low priced premium. In
the event of policyholder’s demise, the cover taken is paid to the
There is no maturity benefit in LIC Amulya Jeevan- 2 as
it’s a pure term life insurance plan.
LIC term insurance premium calculator shall be availed here.
Service Tax is applicable on the premium paid for this policy, at the rate of 15% (as per the current service tax rate) of the premium paid every year.
Policy term - 5 to 35 years
Age of Policy holder - 18 to 60 years
Maximum age at maturity - 70 years
Term insurance is the purest form of insurance, in which the insured person will not get any maturity benefits if he/she survives the policy term. Consider if a person takes a term insurance plan for a period of 20 years. He has to pay the premium for the 20 years based on the premium payment mode chosen. If the person survives till the end of the 20 years, he would not get any money back. Else if the person expires before the completion of that 20 years, then the insurer would provide the sum insured to the nominee and the policy would be closed.