LIC Anmol Jeevan II Plan 822 Review (Offline Term Plan LIC)

LIC Anmol Jeevan 2 plan is a pure term insurance plan from LIC of India. This is an offline term plan, means like LIC E Term Plan, one can’t buy LIC’s Anmol Jeevan – II plan onlineNew Anmol Jeevan II is a protection plan which provides financial protection to the insurer’s family in case of his/her unfortunate demise. On maturity insurer or his/her family will not get anything as per typical term insurance plan rules.

In this article we will share the Anmol jeevan LIC policy review with anmol jeevan features and benefits, maturity details, death benefits, LIC anmol jeevan premium calculator, LIC 1 crore policy premium for anmol jeevan plan and why anmol jeevan is not the best term plan with maturity benefit.

lic anmol jeevan 2

LIC Anmol Jeevan 2 Policy Eligibilty Conditions

ENTRY AGE
  • Minimum age: 18 years(completed)
  • Maximum age: 55 years(nearest birthday)
POLICY TERM
  • Minimum Policy term: 5 years
  • Maximum Policy term: 25 years
SUM ASSURED
  • Minimum Sum Assured: Rs.6,00,000
  • Maximum Sum Assured: Rs.24,00,000
MAXIMUM COVER CEASING AGE
  • 65 years(nearest birthday)
PREMIUM PAYING MODE
  • Half-Yearly and Yearly
ADDITIONAL PREMIUM OR PREMIUM REBATES
  • For Half-Yearly Mode- 2% more than original premium rate
  • For Yearly Mode- Nil
SUM ASSURED REBATE
  • NIL
GRACE PERIOD
  • If the Premium is not paid within the time then a delay of 30 days is extended to pay the premium amount which is grace period.
TAX BENEFITS
  • Applicable for 12.36% service tax
COOLING OFF PERIOD
  • If you are not satisfied with this policy term you may return the policy within 15 days from the date of receipt of the policy.
BACKDATING INTEREST
  • The policy can be backdated within the same financial year.
  • No interest will be charged for backdating.
ASSIGNMENTS OR NOMINATIONS
  • Available Under this plan
DOCUMENTS REQUIRED FOR FRESH POLICY
  • Application form/Proposal form along with photo.
  • Address proof
  • Age proof
  • Medical reports(If required)
POLICY STAMPING CHARGES
  • 20 paise per 1000 of total sum assured

Benefits of LIC Anmol Jeevan II Policy

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

LIC Anmol Jeevan 2 Plan Premium Calculator

You can easily visit LIC of India official website and use the latest premium calculator as per the policy. Provide your desired life cover and other information to get the accurate premium amount for your policy. These values are indicative, may be different while you buy a policy from LIC of India.

Agents Commission rate for LIC New Anmol Jeevan II Plan

For term of 5-9 years – 1st Year 10%, 2nd and 3rd Years-5% and subsequent years-5%.
For term of 10 to 14 years – 1st Year 15%, 2nd and 3rd Years-7.5% and subsequent years-5%.
For term of 15 years and above – 1st Year 25%, 2nd and 3rd Years-7.5% and subsequent years-5%

LIC Jeevan Anmol ii Bonus Details

Bonus commission will be 40% of 1st year commission.

LIC Jeevan Anmol II Loan & Surrender details

No loan, paid up value or surrender value.

Anmol Jeevan-II term policy will be considered as void if life assured commits suicide within 12 months from the date of commencement of risk or from the date of revival. An amount equal to 80% of premiums paid till date of death (excluding taxes and extra premiums) will be payable if policy is in force.

LIC anmol jeevan-II 822 Cooling-Off Period

There is a cooling-off period of 15 days within which policy holder can cancel or return policy as per terms & conditions.

For more details about this policy please visit LIC Anmol Jeevan plan 822 Official page.

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