LIC Amulya Jeevan 2 Plan 823 Review (LIC Term Plan)

LIC Amulya Jeevan 2 Plan 823 or Amulya Jeevan II plan is another offline term insurance plan from LIC of India. This is similar to Anmol Jeevan II. The life cover allowed for LIC Amulya Jeevan – 2 (term plan) is Rs 25 lacs or more than that. In this policy, the nominee will get the entire Sum assured if the life insured dies during the policy term.

In case of maturity there will be no maturity benefit as per term plan rules. In this article we will share the Jeevan Amulya policy details like LIC amulya jeevan ii review, amulya jeevan 2 table no 823 benefits & features, amulya jeevan 2 brochure download link,  LIC amulya jeevan 2 grace period, amulya jeevan 2 premium calculator and everything about this LIC term plan.

lic anmol amulya jeevan 2

LIC Amulya Jeevan 2 Plan 823 eligibility conditions

Eligibility Condition Details
Age of Entry
  • Minimum – 18 years (Completed)
  • Maximum – 60 years (Nearest Birthday)
Sum Assured
  • Minimum – Rs 25 Lakhs
  • Maximum – No Limit
Policy Term
  • Minimum – 5 years
  • Maximum – 35 Years
Age at Maturity
  • Minimum –
  • Maximum – 70 Years
Premium Mode Yearly, Half Yearly
Loan Facility No loan will be granted
Surrender value No Surrender value
Paid up Value No Paid up value

Benefits of LIC Amulya Jeevan II

Death Benefit: In case of unfortunate death of the Life Assured during the policy term Sum Assured shall be payable.

Maturity Benefit: On survival to the end of the policy term, nothing shall be payable.

Income Tax Benefit – Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Death Benefit is also tax free.

LIC Amulya Jeevan 2 Premium Calculator & payment options

Premiums can be paid regularly during the term of the policy at yearly or half-yearly intervals. A grace period of one month but not less than 30 days will be allowed for payment of premiums.

LIC Amulya Jeevan plan 823 Sample Premium Rates: 

The sample premium rates (exclusive of taxes) are as under:

Annualised premium rates per Rs. 1000 Sum Assured

 Age
(yrs.)

Term of the Policy (years)

5

10

15

20

25

20

1.15

1.15

1.15

1.15

1.17

30

1.28

1.29

1.42

1.64

1.96

40

2.03

2.41

2.97

3.57

4.23

50

4.85

5.85

6.89

8.05

Additional Premium:

Additional premium for half-yearly mode: 2.0% of tabular annual premium

LIC Amulya Jeevan II Riders – No additional riders are available in this Amulya Jeevan policy.

Amulya Jeevan 2 plan 823 Paid-up Value: The policy shall not acquire any paid-up value.

LIC amulya jeevan-II 823 Surrender Value: No Surrender Value will be available under this plan.

Amulya Jeevan 2 exclusions: This policy shall be void if the Life Assured (whether sane or insane) commits suicide within 12 months from the date of commencement of risk or from the date of revival, an amount equal to 80% of the premiums paid till the date of death (excluding any taxes, extra premium and rider premiums, if any), provided the policy is inforce, shall be payable. The Corporation will not entertain any other claim under this policy.

LIC new plan amulya jeevan 2 Cooling-off Period: The policy can be returned within 15 days from the date of receipt of the policy, if a policyholder is not satisfied with the ‘Terms and Conditions” of the policy.

LIC Amulya Jeevan 2 table no 823 premium calculator

Visit LIC of India official website and look for online calculators. There try to find out the Amulya Jeevan 2 premium calculator. Then provide necessary data to find out how much premium you have to pay for the desired amount of life cover.

For more details please visit LIC Amulya Jeevan 2 Plan 823 official page.

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