Amulya Jeevan-1

Whole Life Plans -

Protect your loved ones from any unexpected surprises in life, any time.

This is pure Term Assurance Plan like Anmol Jeevan. In this plan Min.Sum Assured 

is 25 lakhs.

Other details : 

(a) Plan is allowed to Physically Handicapped Persons as per the existing rules.

(b) This plan is allowed to Persons engaged in hazardous occupations by charging appropriate occupational extra.

(c) Proposals are considered on the on the basis of Medical Reports & Special Reports (if any). FMR (Full Medical Report) will be required to be done by Divisional Medical Referee (DMR) / Addl.DMR or by Third Party Administrators (TPA). FMR from Medical Examiners with enhanced powers will not be accepted.

(d) Cost of Medical Exam.including Special Reports will be borne by LIC as per rules.

(e) SUC will be calculated as per existing rules. For calculating SUC, Sum Assured under this plan is to be considered.

(f) Extra Premium Rates to be changed in case of sub standard lives. The extra premium for higher EMR will be in multiples (as applicable under Endowment Plan) of these class 1 extra rates.

(g) Grace Period : Grace period of 15 days will be allowed for payment of YLY / HLY premiums. If death occurs within this period & before the Payment of the premium then due, the policy shall be valid and S.A. shall be payable after the deduction of the said premium. If premiums are not paid within grace period, policy will lapse.

Maturity Benefits : On maturity NO Amount will be paid to the Policyholder.

Death Benefits : On death of the Policyholder during policy term, S.A. will be paid to the nominee.