Lic Anmol Jeevan 2 (lic table no 822) is the most economic pure life insurance plan. Lic Anmol Jeevan policy will covers your life and protect your family form unfortunate things.LIC policy no 822 is a term insurance plan.In this plan, the nominee will get the entire Sum assured if the life insured dies during the policy term.LIC term plan is regular premium paying policy which is very useful to every customer.
Key Features of LIC Anmol Jeevan II Policy
Table of Contents
- Pure term plan with only death benefit
- Sum Assured of Rs.6 to Rs.24 Lakhs can be opted
- There is no maturity benefit in this plan
- Tax benefits available
Also read this : LIC Jeevan Amar Plan best term plan
LIC Anmol Jeevan-II plan 822 Parameters
| Age: | Min. age : 18 years (completed)
Max. age: 55 years (nearest birthday) |
| Policy Term: | Min. Policy Term: 5 years.
Min. Policy Term: 25 years. Max. Risk Cover ceasing age: 65 years (nearest birthday) |
| Sum Assured: | Min. Sum Assured: Rs. 6, 00, 000/-
Max. Sum Assured: Rs. 24, 00, 000/- |
| Premium Paying Mode: | Yearly, Half Yearly. |
Benefits from LIC Anmol Jeevan 2 Insurance Plan
Death Benefit – The Sum Assured is paid to the nominee on death of the Life Insured during the policy term.
Maturity Benefit – No benefit is payable on maturity as this is a pure protection plan.
Income Tax Benefit – Income Tax Benefits available on Paid Life Insurance Premium under Section 80-C & Death Benefit will also be tax free u/s 10(10d).
Benefit Illustrations
An example of AMIT who is purchasing this Plan with following details.
Sum Assured: Rs.24,00,000
Policy Term: 25 Years
Policy Purchase Year: 2016
Age: 30 Years
Yearly Premium: Rs. 9728/-
Year-wise Death Claim
If death happens during the policy term Before 25 years,Sum Assured Rs. 2400000/- will be paid to nominee and it is indicated as Normal Life Cover or accidental death.
| Year | Age | Risk Cover Normal | Premium | Tax Saved | Net Premium |
| 2016 | 30 | 2400000 | 9728 | 2549 | 7179 |
| 2017 | 31 | 2400000 | 9728 | 2549 | 7179 |
| 2018 | 32 | 2400000 | 9728 | 2549 | 7179 |
| 2019 | 33 | 2400000 | 9728 | 2549 | 7179 |
| 2020 | 34 | 2400000 | 9728 | 2549 | 7179 |
| 2021 | 35 | 2400000 | 9728 | 2549 | 7179 |
| 2022 | 36 | 2400000 | 9728 | 2549 | 7179 |
| 2023 | 37 | 2400000 | 9728 | 2549 | 7179 |
| 2024 | 38 | 2400000 | 9728 | 2549 | 7179 |
| 2025 | 39 | 2400000 | 9728 | 2549 | 7179 |
| 2026 | 40 | 2400000 | 9728 | 2549 | 7179 |
| 2027 | 41 | 2400000 | 9728 | 2549 | 7179 |
| 2028 | 42 | 2400000 | 9728 | 2549 | 7179 |
| 2029 | 43 | 2400000 | 9728 | 2549 | 7179 |
| 2030 | 44 | 2400000 | 9728 | 2549 | 7179 |
| 2031 | 45 | 2400000 | 9728 | 2549 | 7179 |
| 2032 | 46 | 2400000 | 9728 | 2549 | 7179 |
| 2033 | 47 | 2400000 | 9728 | 2549 | 7179 |
| 2034 | 48 | 2400000 | 9728 | 2549 | 7179 |
| 2035 | 49 | 2400000 | 9728 | 2549 | 7179 |
| 2036 | 50 | 2400000 | 9728 | 2549 | 7179 |
| 2037 | 51 | 2400000 | 9728 | 2549 | 7179 |
| 2038 | 52 | 2400000 | 9728 | 2549 | 7179 |
| 2039 | 53 | 2400000 | 9728 | 2549 | 7179 |
| 2040 | 54 | 2400000 | 9728 | 2549 | 7179 |
| 2041 | 55 | 0 | 0 | 0 | 0 |
Additional details of LIC Anmol Jeevan 2 LIC policy
Loan Facility: No loan available under LIC Bima plan 822.
Riders: No riders are available for this plan.
Paid-up Value: Amulya Jeevan-II will not acquire any paid-up value.
Surrender Value: No surrender value.
Policy Revival: Policy can be revived before 2 years from date of First Unpaid Premium.
Suicide Clause: If insured commit suicide before 1 year he will be returned back 80% of premium what he paid.
Proposal Forms: Proposal Form no.300 will be used under this plan.
Cooling-off Period: If a policyholder is not satisfied with the Terms and Conditions of the policy,customer may return the policy with in 15 days from the date of receipt of this policy.
Back-dating interest: The policies can be dated back within the same financial year.
- Assignments/Nominations: assignment and nominations is possible under this plan.
Services that I offer
- New LIC Policy Quotes and Completion
- Complete guidance
- Doorstep Premium Collection Service
- Personalized Policy Recommendations
- Renewal / Revival of Lapsed Policies
- Human Life Value Calculation
- Life Time Services
FOR MORE INFORMATION PLEASE CONTACT -:
BASPA NAND PANCHOLI
CON.9891009400
To know about LIC Plans please visit our website
Office Address:-25,KG,Marg,Jeevan Prakash Building.
LIC of India,Branch Unit-117.
3rd floor,C.P. New Delhi-110001.
Dear Sir,
i want to purchase LIC new Endowemnt plan – Table No-914 for sum ass Rs 1 lakh and also can i attached Term Rider for Rs 25 lakh.
Please guide.
Regads,
sachin bhamre