LIC Amulya Jeevan. Life Insurance India Table 190
| General police condition | |
| Min. age at entry Max. age at entry Max. Maturity Age Minimum Term Maximum Term Modes allowed Minimum S.A S.A in multiples of Max. S.A | 18 yrs (completed) 60 years (nbd) 70 years (nbd) 5 years 35 years Yly/Hly/S.p Rs. 25 Lakhs 1 Lkhs No Limit |
Main Features:
This plan has been re-introduced in place of Amulya Jeevan T-177. Features remain almost same except 5% to 10% approx. reduction in premiums.
This is a pure Term Assurance plan like Anmol Jeevan. In this place Min. S.A is 25 lakhs ( Under Anmol Jeevan Table 164 only policies with S.A below 25 lakhs are issued).
Other details:
1: Plan is allowed to physically Handicapped persons as per the existing rules.
2: This plan is allowed to persons engaged in hazardous occupation by charging appropriate occupation extra or with clause 86.
3: proposals are considered on the basis of Medical Reports & Special Reports ( if any). FMR (Full Medical Reports) will be required to be done by divisional Medical Referee (DMR)/Addl. DMR or by Third party Administrators (TPA). FMA from Medical Examiners with enhanced powers will not be accepted.
4: Cost of Medical Exam. Including Special Reports will be borne by LIC as per rules.
5: SUC will be calculating as per existing rules. For calculating SUC, S.A under this plan is to be considered.
6: Extra premium Rates to be charged in case of sub standard lived. The extra premium Rates for higher EMR will be in multiples (as applicable under Endowment plan) of these class I extra rates.
7: Grace period: Grace period of 15 days will be allowed for payment of YLY/HLY premium. If death occurs within this period & before the payment of the premium then due, the police shall be valid and S.A. shall be payable after the deduction of the said premium. If premium are not pain within grace period, policy will lapse.
Maturity Benefits : On maturity no amount will be paid to the policyholder.
Death Benefits : On death of the policyholder during policy term, S.A will be paid to the nominee.
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This post has 5 comments
March 22nd, 2011
Will accidental be provided under this policy Amulya Jeevan
[Reply]
April 7th, 2011
Hi Team
Please let know the Annual Premium for Term Plan for Sum assured of Rs. 1 Crore. My Date of Birth is 13/09/1976.
Thnaks
Lalit Saxena
[Reply]
July 4th, 2011
Please let know the Annual Premium for Term Plan for Sum assured of Rs. 25 Lac. My Date of Birth is 12/07/1975.
[Reply]
October 8th, 2011
Mr. Ashish your age on 08/10/2011 36 year
your premium plan 190/term 21 Rs.9375/- for yearly Rs.4781/- hyly, For 190/34 Rs.14250/-yly,7267/-hyly
“Every Man is the architect of his fortune”
for more detail contact B.N.Domadiya
[Reply]
October 25th, 2011
Please let know the Annual Premium for Term Plan for Sum assured of Rs. 50 Lac. for 20 years My Date of Birth is 30/08/1970.
[Reply]