This document describes the Amulya Jeevan term assurance plan introduced by LIC on February 27, 2006. The plan has a minimum sum assured of Rs. 25 lakh and provides full sum assured on death during the policy term. There is no maturity benefit. Eligible candidates are ages 18-60 and policies are issued for terms of 5-35 years in yearly, half-yearly, or single premium modes. Agent commissions vary based on policy term and premium payment mode. The plan does not provide any paid-up or surrender value.

1. AMULYA JEEVANAMULYA JEEVAN
((Plan No:177)Plan No:177)
A new attractive Term AssuranceA new attractive Term Assurance
Plan.Plan.
It has been introduced by LICIt has been introduced by LIC
On 27.02.2006On 27.02.2006

2. FEATURESFEATURES
1.1. Minimum Sum Assured: Rs.25,00,000Minimum Sum Assured: Rs.25,00,000
2.2. Added to it any old proposal introducedAdded to it any old proposal introduced
under LIC’s old plan No.164 i.e. Anmolunder LIC’s old plan No.164 i.e. Anmol
Jeevan-I can be completed either underJeevan-I can be completed either under
this plan or under the old plan,this plan or under the old plan,
whichever is fabourable to the proposer.whichever is fabourable to the proposer.
3.3. On death during the term of the policy –On death during the term of the policy –
Full Sum Assured.Full Sum Assured.
4.4. On maturity - NilOn maturity - Nil

3. RESTRICTIVE CONDITIONSRESTRICTIVE CONDITIONS
a.a. Minimum age at entry: 18 yrs.Minimum age at entry: 18 yrs.
b.b. Maximum age at entry: 60 yrs.Maximum age at entry: 60 yrs.
c.c. Maximum age at maturity: 70 yrs.Maximum age at maturity: 70 yrs.
d.d. Minimum Policy Term: 5 yrs.Minimum Policy Term: 5 yrs.
e.e. Maximum Policy Term: 35 yrs.Maximum Policy Term: 35 yrs.
f.f. Minimum Sum Assured: Rs.25,00,000Minimum Sum Assured: Rs.25,00,000
g.g. Maximum Sum Assured: No upper limitMaximum Sum Assured: No upper limit
h.h. Mode of Payment – Yly, Hly & Single premiumMode of Payment – Yly, Hly & Single premium
(Policies will be issued in multiples of one(Policies will be issued in multiples of one
Lakh SA for more than the minimum SA)Lakh SA for more than the minimum SA)

4. REBATESREBATES
1.1. No mode rebate for yly mode.No mode rebate for yly mode.
2.2. For Hly mode additional 2% of the tabularFor Hly mode additional 2% of the tabular
premium extra.premium extra.
3.3. For large SA: 25% for single premium policiesFor large SA: 25% for single premium policies
with SA of Rs.1 Cr. & above. But there is nowith SA of Rs.1 Cr. & above. But there is no
rebate for large SA in case of regular premium.rebate for large SA in case of regular premium.
4.4. LIC Employees: On the lives of employees thereLIC Employees: On the lives of employees there
will be reduction of 10% of the Tabularwill be reduction of 10% of the Tabular
Premium for Hly & Yly mode. Rebate of 2% onPremium for Hly & Yly mode. Rebate of 2% on
Tabular Premium is allowed in case of SingleTabular Premium is allowed in case of Single
Premium PoliciesPremium Policies

5. UNDERWRITING RULESUNDERWRITING RULES
1.1. This plan is allowed to Standard &This plan is allowed to Standard &
Sub- Standard lives.Sub- Standard lives.
2.2. Restricted to Category I & II FemaleRestricted to Category I & II Female
liveslives
3.3. Physical Handicapped person underPhysical Handicapped person under
group-A with loss of one limb willgroup-A with loss of one limb will
be eligible for this plan withbe eligible for this plan with
standard extra rates.standard extra rates.

6. Cont. ………Cont. ………
4. Person engaged in hazardous occupation are4. Person engaged in hazardous occupation are
allowed with/occupational extra or with clause –allowed with/occupational extra or with clause –
8686
5. Standard age proof is to be submitted5. Standard age proof is to be submitted
6. Proposals will be considered only on medical6. Proposals will be considered only on medical
basis that too by DMR/Addl. DMR or by TPAbasis that too by DMR/Addl. DMR or by TPA
7. Cost of medical examination will be borne by the7. Cost of medical examination will be borne by the
corporation as per rules.corporation as per rules.
8. For SUS & Underwriting the SA, Under this plan8. For SUS & Underwriting the SA, Under this plan
is to be consider.is to be consider.

7. AGENTS COMMISSIONAGENTS COMMISSION
11stst
yr.yr. 22ndnd
and 3and 3rdrd
• Single Premium :2%Single Premium :2% 5%5% 5%5%
• Term 5 to 9 yrs.:Term 5 to 9 yrs.: 10%10% 5%5%
5%5%
• 10 to 14 yrs.:10 to 14 yrs.: 20%20% 7.5% 5%7.5% 5%
• 15 & Above:15 & Above: 25%25% 7.5% 5%7.5% 5%
• Bonus Commission: 40% of the 1Bonus Commission: 40% of the 1stst
yearyear
commission.commission.

8. No paid –up or Surrender ValueNo paid –up or Surrender Value
Grace Period: 15 days for Yearly andGrace Period: 15 days for Yearly and
Half yearly policies.Half yearly policies.