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LIC - Amulya Jeevan II

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a term plan from LIC with an option of Sum Assured minimum of 25 lac and no upper limit.

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LIC - Amulya Jeevan II

  1. 1. AMULYA JEEVAN II Plan No. 823 Presented by:- Sumeet Pawar Insurance Advisor Call (+91) 7738546484 License No: 10149681 Agency Code: 02187929
  2. 2. Features LIC's Amulya Jeevan - II is a protection plan which provides financial protection to the insured's family in case of his/her unfortunate demise.
  3. 3. Benefits Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.
  4. 4. Benefits Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.
  5. 5. Benefit Illustration Basic Details- Sum Assured: Rs 25,00,000 Age at Entry: 30 yrs Term: 35 yrs Single Premium: Rs 7,640 (6,800 + 840) Death Benefit: SA + Interim Bonus per completed year + Final Bonus (depends of last year rate)
  6. 6. Eligibility Conditions & Restrictions Minimum entry age : 18 years(completed) Maximum entry age : 60 years (nearest birthday) Minimum Policy term : 5 years Maximum Policy term : 35 years Maximum Cover Ceasing Age : 70 years (nearest birthday) Minimum Sum Assured : Rs 25,00,000 Maximum Sum Assured : No Limit (Sum Assured will be in multiples of Rs 1,00,000 /- only) Premium payment mode : Yearly / Half Yearly
  7. 7. Revival If premiums are not paid within the grace period then the policy will lapse. A lapsed 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 (compounding half-yearly) at such rate as fixed by the Corporation at the time of the payment, subject to submission of satisfactory evidence of continued insurability. The cost of the medical reports, including special reports, if any, required for the purpose of revival of the policy, shall be borne by the Life Assured. The Corporation reserves the right to accept at original terms, accept at revised terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder.
  8. 8. Cooling-off Period If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to us within 15 days from the date of receipt of the policy bond stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium for the period on cover, stamp duty charges, expenses for medical examination and special reports, if any.

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