LIC Amulya Jeevan – I Plan (Plan No. 190) is a Term Assurance plan with minimum Sum Assured as Rs.25
lakh.
190 – Amulya Jeevan – I
| Term | Age | Sum Assured | |
| Minimum | 5 | 18 | 25,00,000 |
| Maximum | 35 | 60 | No Limits |
Premium Ceasing Age : 70 Premium Ceasing Term : 35
Plan Highlights
Benefits
On death during the term of the policy full sum assured is payable.
On surviving the term no maturity proceeds are payable
Eligibility & Conditions
(a) Minimum age at entry : 18 years (completed)
(b) Maximum age at entry : 60 years (nearest birthday)
(c) Maximum age at maturity : 70 years (nearest birthday)
(d) Minimum Policy Term : 5 years
(e) Maximum Policy term : 35 years
(f) Minimum Sum Assured : Rs.25,00,000/-
(g) Maximum Sum Assured : No Upper Limit
(Policies will be issued in multiples of Rs.100,000/- for Sums Assured more than the minimum Sum
Assured)
(h) Mode of premium payment : Yearly, Half-yearly & Single Premium
Rebates
a) Mode Rebate
There is no mode rebate for yearly mode of premium payment under this plan. In case of half-yearly
mode, there is an additional premium of 2% of the tabular annual premium.
b) Large Sum Assured Rebates
A rebate of Rs.0.5 %o Sum Assured will be allowed under Single Premium policies with Sums Assured of
Rs. One Crore and above. There will be no rebate for large Sum Assured in case of Regular Premium in LIC Amulya Jeevan 1.
