Protecting the needs of our family becomes an important criteria for most of us during our life, and while we may protect them during our lifetime, there can be issues after we pass away, making life insurance critical. LIC offers a number of policies designed to cater to different needs of an individual. Under the Amulya Jeevan plan, it offers two unique schemes, ensuring that one enjoys protection for life without having to compromise on quality.
LIC Term Insurance Plans Info : LIC's Amulya Jeevan 2
Advantages
The advantages of Amulya Jeevan I and II are mentioned below.
- Cover – Individuals have an option to choose a high insurance cover, ensuring they protect their interests according to their capabilities.
- Simplicity – The entire process is simple and hassle free.
- LIC network – LIC has a vast network in the country, ensuring all your problems are taken care of.
- Rebates – Policyholders can earn rebates when they opt for high sum assured.
- History – LIC has a good history of clearing dues on time, ensuring that your family does not suffer later.
- ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS:
- Minimum Sum Assured : Rs. 25,00,000
- Maximum Sum Assured : No limit
- Minimum age at entry : 18 years (completed)
- Maximum age at entry : 60 years (nearest birthday)
- Maximum cover ceasing age : 70 years (nearest birthday)
- Minimum policy term : 5 years
- Maximum policy term : 35 years
(The Sum Assured shall be in multiples of Rs. 1, 00,000/-)
Payment of Premiums:
Premiums can be paid regularly during the term of the policy at yearly or half-yearly intervals.
A grace period of one month but not less than 30 days will be allowed for payment of premiums.
more info please visit licindiaPolicy Document
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