LIC Anmol Jeevan is a pure term insurance policy that is mainly only intended for insurance coverage. In this policy, if death happens during the term of the policy the nominee will receive the sum assured. Ff nothing happens to you before the policy’s maturity period, nothing will be returned.
Frequently Asked Questions
What is the death benefit in Anmol Jeevan Plan?
The entire Sum Assured is paid to the nominee on death of policyholder during the policy term.
What is maturity benefit?
There are no Maturity Benefits in LIC Anmol Jeevan. No benefit is payable to policyholder if he survives on maturity as this is a pure protection plan.
What are the income tax benefits under this plan?
Life Insurance premiums paid for LIC Anmol Jeevan are allowed as a deduction from the taxable income each year under section 80C.
What is the minimum and maximum sum assured?
Minimum sum assured is 5 lacs and maximum 24 Lacs.
Eligibility conditions and other restrictions in Anmol Jeevan
| Sr No | Particulars | Minimum | Maximum |
|---|---|---|---|
| 1 | Sum Assured (₹) | 5 Lacs | 24 Lacs |
| 2 | Policy Term (in years) | 5 Years | 25 Years |
| 3 | Premium Payment Term of policy | Equal to policy term | Equal to policy term |
| 4 | Policyholder's Age | 18 years | 55 years |
| 5 | Age on maturity | - | 65 years |
| 6 | Single premium | Not Available | Not Available |
| 7 | Premium payment modes | Yearly & Half-Yearly and Single |
