• LIC Anmol Jeevan II Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Unpredictable times call for measures that protect an individual’s financial life along with that of his/her family. In order to do so, one of the best options is to avail a life insurance plan. The Anmol Jeevan - II plan by Life Insurance Corporation of India is a plan that provides protection to the family of the policyholder in case of his/her untimely demise. This protection plan also comes with a number of other benefits and features such as death benefit and flexibility with respect to payment of premiums, among others.

    Eligibility - Who is the LIC Anmol Jeevan II plan for?

    In order to avail this protection plan, policyholders will have to meet the following eligibility criteria:

    Minimum Age at Entry 18 years
    Maximum Age at Entry 55 years
    Minimum Policy Tenure 5 years
    Maximum Policy Tenure 25 years
    Maximum Cover Ceasing Age 65 years

    All ages are based on the last birthday of the policyholder.

    Sum Assured and Premium Range - What you get and what it costs

    Sum Assured:

    Sum assured varies based on the policy tenure and benefits chosen by the policyholder.

    Minimum Sum Assured Rs.6,00,000
    Maximum Sum Assured Rs.24,00,000 (sum assured amount will be in multiples of Rs.1,00,000)


    Premium that the policyholder will vary based on the sum assured chosen as well as the premium payment tenure, among other factors. Policyholders also have the option of paying additional premium for the semi-annual mode of payment.

    Mode of Premium Payment Annual/Semi-annual

    Customers will have to note that premiums may vary depending upon factors like age, location, term of the plan and prevailing taxes/GST.

    Plan Coverage - What the LIC Anmol Jeevan II Plan covers

    Death Benefit In case of untimely demise of the policyholder during the policy tenure, the predetermined sum assured will be paid to the nominee or beneficiary.
    Maturity Benefit Upon policyholder’s survival until the end of the policy tenure, no benefit will be payable.

    Riders/Add-On Plans - Additional Coverage under the LIC Anmol Jeevan II Plan

    For information regarding this, customers can contact LIC directly.

    Exclusions - What the LIC Anmol Jeevan II Plan does not cover

    • In case the policyholder commits suicide within a period of 12 months from the date of policy commencement or date of risk commencement, regardless of whether he/she is sane or insane, an amount that is equal to 80% of all premiums that have been paid until the date of date will be paid.
    • The above is applicable only if the policy is inforce during the time of death and will not include extra premiums that are paid or taxes.

    Other Key Features – Freelook Period, Surrender Values, Grace Period etc.

    Free-look period In case policyholders are not satisfied with the plan, they have the option to return the same along with stated objections, within a period of 15 days from the date given on the policy receipt.
    Grace Period A grace period of one month is provided for premium payment. However, this grace payment will not be for less than 30 days.
    • In case premiums are not paid within the given grace period, the policy will lapse.
    • A lapsed policy can also be revived within a period of 2 years from the date of the very first unpaid premium but prior to expiry of the policy tenure.
    • This can be done by paying all arrears of the premium along with interest at a rate fixed by the company.
    Paid-up value This policy will not acquire a paid-up value.
    Surrender Value Surrender Value will not be paid under this policy.

    Tax benefits - How you can save with the LIC Anmol Jeevan II Plan

    Tax benefits can be availed based on existing tax laws. However, these laws are subject to variations from time to time, hence customers are advised to talk to their tax consultants prior to procuring this plan.

    Other benefits - How you can save with the LIC Anmol Jeevan II Plan

    In addition to the numerous policies provided by LIC, there are other benefits that can be availed by the insurance company.

    • Online Calculator: Customers can use the online premium calculator to better understand the premiums that will have to be paid by them.
    • Customer Care: LIC boasts of a robust customer care service that can be contacted through phone or e-mail. This service ensures that individuals can get any of their doubts or queries addressed without too many hassles.
    • Online Payment: LIC employs state-of-the-art technology due to which customers can apply for their insurance plans online. Additionally, premium amount can also be paid online.
    • NRI Centre: This unique feature is another one of LIC’s advantages. NRI Centre was started so that indians living abroad can avail products and services of LIC.

    Why you should buy the Anmol Jeevan II Plan from LIC?

    In times of economic uncertainty such as today, it is imperative for individuals to ensure that their financial life is taken care of as is their family’s financial security. The Anmol Jeevan II plan from LIC provides a death benefit amount to the nominee of the policyholder in case of his/her untimely demise. Additionally, flexibility of premium payment is also provided along with tax benefits, making this a highly popular plan.

    One of the oldest life insurance companies, Life Insurance Corporation of India is synonymous with trust. This company has over 2000 branch offices and boasts of a growth rate of 16.67%. LIC aims to enhance people’s quality of life through life insurance policies and ensures their economic security. Additionally, LIC has a claim settlement ratio of 98.33% and has also won a number of awards.

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