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LIC Amulya Jeevan 2 plan 823 Review

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LIC Amulya Jeevan 2 Policy

Introduction on LIC Amulya Jeevan 2 Plan

LIC Amulya Jeevan 2 Plan no 823 was introduced on 3rd February 2014. LIC Amulya Jeevan II Plan is a term insurance plan. New Amulya Jeevan 823 is a protection plan which provides financial protection to the insured’s family in case of life insured death during the term of policy. Amulya Jeevan lic is a lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium

Lic online term plan amulya jeevan has no maturity benefits or no survival benefit. In LIC Amulya Jeevan 2, if the life insured survives the entire duration of the plan then nominee will not be entitled to anything, which means there is no maturity benefit with such policies. And Lic term plan amulya jeevan premium calculator is also available

Lic amulya jeevan ii plan premium calculator:

You can calculate the LIC Amulya Jeevan 2 Premium amount that has to be paid to get all the benefits available under this policy by using Lic amulya jeevan 2 premium calculator. With
Lic amulya jeevan calculator you can easily calculate your premium.

LIC Amulya Jeevan 2 Plan eligibility conditions

Eligibility Condition Details
Age of Entry
  • Minimum – 18 years (Completed)
  • Maximum – 60 years (Nearest Birthday)
Sum Assured
  • Minimum – Rs 25 Lakhs
  • Maximum – No Limit
Policy Term
  • Minimum – 5 years
  • Maximum – 35 Years
Age at Maturity
  • Minimum –
  • Maximum – 70 Years
Premium Mode Yearly, Half Yearly
Loan Facility No loan will be granted
Surrender value No Surrender value
Paid up Value No Paid up value

Benefits of LIC Amulya Jeevan ii

Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

Rebates in LIC Amulya Jeevan 2

Large Sum Assured Rebates: The reduction in tabular premiums for different Sum Assured ranges are given below:

Sum Assured Regular Premium Single premium
Up to Rs.99 lakh – –
Rs.1 Crore and above – Rs.0.50 %o SA

MODE EXTRA : 2.00% of tabular annual premium for half-yearly mode.

Amulya jeevan policy details:

Riders: No riders are available under this plan.

Policy Revival: Policy can be revived within a period of 2 consecutive years from the date of first unpaid premium but before the expiry of policy term, by paying all the arrears of premium together with interest.

Suicide Clause: If insured commit suicide before 12 months of commencement of risk, an amount equal to 80% of the premiums paid till the date of death will be paid.

Service Tax: 12% service tax is applicable.

Cooling-off Period: The policy can be returned within 15 days from the date of receipt of the policy, if a policyholder is not satisfied with the ‘Terms and Conditions” of the policy.

Backdating interest: The policies can be dated back within the same financial year.

Assignments/Nominations: Assignment and nominations is possible under this plan.

Payment of Claims: No claim concession and extended claim concession will be applicable under this plan.

Documents Required for Claim under LIC Amulya Jeevan 2

  1. Duly filled claim form.
  2. Original Policy document.
  3. Identification Proof.
  4. Death Proof.
  5. Medical treatment document prior to death.
  6. Age proof.

Example on LIC Amulya Jeevan II

MR. Naveen has taken LIC Amulya Jeevan 2 policy at the age of 25 years for a term of 20 years.

Sum Assured : Rs 30,00,000/-

Solution:

Premium without tax Tax with tax
Yearly Premium 3810 471 4281
Half-Yearly Premium 1943 240 2183

Maturity And Death Benefits

Natural/Accident Death Benefit 3,000,000
Maturity Benefit 0

For more details about LIC New Amulya Jeevan II Policy click on below link

LIC Amulya Jeevan 2 Policy.

Anmol Jeevan-II Policy

LIC e Term Policy

Comments

    • medical is required : FBS, LIPIDOGRAM, RUA, ELISA FOR HIV, HB

      Manoj barot LIC Agent contact No. 84880 15722

      Reply

    • my mother aged 45 yrs, she want amulya jewan 2 policy 2500000, pls calculated premium yearly

      Reply

    • Clear your doubt / query about Lic plan and for taking new LIC policy….in DWARKA GURGAON and delhi……NCR….
      भारतीय जीवन बीमा निगम.
      NANDINI BHATNAGAR
      nandnibee@gmail.com
      8588857366; 9873927723

      Reply

    • Dear Sir,

      Age : 35
      Term : 20
      Sum Assured : 25,00,000/-
      Premium with tax 14.5%
      Yearly : 6784

      Medical Requirement : FBS, LIPIDOGRAM, RUA, ELISA FOR HIV, HB

      Manoj barot LIC Agent contact No. 84880 15722

      Reply

    • HI FOLKS,

      THIS IS KRISHNA CHOUDHARY ( LIC AGENT), ANY HELP REQUIRED RELATED TO INSURANCE YOU CAN CONTACT US ON OUR EMAIL ID-

      krish041194hr@gmail.com

      Or Contact on 8401967626.

      will revert within 48 business hours.

      Regards,
      KRISHNA CHOUDHARY

      Reply

  8. I have Lic term plan of 50 lacks and Icici term plan 50 lacs for last 3yrs.And also I have Jeevan Anand two policies. I am 49 yrs and want to have 50 lac more of lic term plan do I have to go for medical again with all formalities as I am fit and working in merchant navy please revert.

    Reply

  11. I am Anand from Bangalore, I am working with LIC company if you need any policy please contact me 8553851110

    Reply

  14. My date of birth is 12-11-1988, I want to Policy for 10000000/-

    Please let me know where I get the policy details & whom I need to contact.

    -Tushar

    Reply

  22. Dear Sir,
    i am a orthopedic handicapped person, only one left leg. I have 70% medical certificate by haryana CMO office. please tall i m eligible for get term insurance.

    Regards,
    Jitender Kumar

    Reply

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