Feb 1st, 2014No Comments

LIC Launches 2 New Term Insurance Plans.

LIC ANMOL JEEVAN 2 (Plan no 822) and LIC AMULYA JEEVAN 2 ( Plan no 823)

The premium rates are lesser by 25-35 % than the older Term insurance Plans.

Why Term Insurance from LIC?

  • —India’s largest life insurance company
  • —No 1 in claim settlement among all insurance companies in India
  • Market leader in terms of market share and first year premium of policies
  • —Total claims settled— 183.63 lakh claims, amounting to Rs.74077.84 crores (2012-13)
  • —88.05% of Non-early Death claims settled within  15 days of intimation.
  • Outstanding Claims Ratio—(Death Claims) :   1.04%

Amulya Jeevan 2 Features

o  Pure Term Assurance Policy

o Low Premium, High Risk Cover Plan

  • Ideal for:

o Youngsters making start-in-life

o People interested in pure risk cover only


Cheapest Policy for Risk Cover Purpose

Risk Cover available till age 70

Sum Assured is provided to Nominee on death of the Policyholder


Full Sum Assured is paid to the Nominee in the event of death of the Policy Holder

Term Age Sum Assured
Minimum 5 18 years completed 25,00,000
Maximum 35 60 (nearest birthday) No Limit

No Maturity would be paid to the policyholder at the end of term.

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