And for the same reason, our finances are really stretched during these months. We always believed insurance is to cover life risk and not for investment. Because of this, we always recommend term plans, as their only purpose is to cover life risk. The benefits in the case of term plans are received only upon death of insured person. Both Anmol and Amulya Jeevan II are protection plans giving only death benefits during the policy term.
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Be sure about Term Life Insurance. Get best term insurance plans from top rated insurers! Unexpected death of the sole bread winner becomes a major setback for the entire family. LIC, the public sector life insurance company and the oldest in India, offers a wide range of term insurance plans with benefits, each designed to meet the unique financial objectives of individuals and families.
These benefits include a reliable source of monthly income, one-time lump sum payout, just to name a few. It assures your family of a very high sum assured, and that too at a minimal annual premium payment.
This substantial sum assured is offered on the disciplined payment of a small annual premium. This death benefit can be paid as a lump sum amount or in the form of monthly instalments, as per your preference. The high sum assured that it guarantees as death benefit on a small annual premium payment ensures that it is a suitable investment for individuals across financial capabilities.
Amulya Jeevan-II term plan, like all other Rs. There are several life insurance companies that specialize in offering Rs. However, LIC, being a public sector company and the oldest in India, is renowned for offering reliable services at one of the lowest annual premium amount.
Most importantly, LIC boasts of the highest claim settlement ratio among life insurance companies in India. Flexibility — The tenure of Amulya Jeevan-II Plan ranges between 5 and 35 years, making it a suitable term insurance plan for meeting not only long-term financial objectives but short-term goals as well. High sum assured — The sum assured that policyholders can opt for starts from a minimum of Rs.
Flexible premium payment modes — Policyholders can choose to pay their premiums either annually or bi-annually, that is, once a year or every six months. Grace period — A grace period of one month is offered to policyholders on their failure to make their premium payments on time. The sum assured on Amulya Jeevan-II Plan is payable to the beneficiary, only in the event of the demise of the policyholder during the policy term.
LIC Amulya Jeevan II Plan
The plan offers higher value life cover at an affordable premium. If the policyholder meets with death at any time during which the policy is in force then LIC will give the Sum Assured on death amount to the nominee s of the policyholders. The Amulya Jeevan II pure term plan is a non-participating and non-linked plan i. It is a pure life cover plan for the applicants who want to secure the future of their family and dependents in their absence due to unfortunate death. The Amulya Jeevan II plan is an offline plan which subscribers need to purchase through any of the agents or outlets. Offers high Sum Assured to meet the financial needs and flexibility to increase the cover. Long-term policy tenure range upto 35 years can be chosen.
LIC Amulya Jeevan – II (T-823)| Complete details
LIC Amulya Jeevan 1