LIC's Amulya Jeevan - II is a protection plan which provides financial protection to the insured's family in case of his/her unfortunate demise. Payout does not contain any profit or bonus.
Income Tax Benefit
Premium paid under this plan is eligible for TAX rebate under section 80c.
On survival to the end of the policy term, No benefits shall be payable.
Upon death of the Life Assured during the policy term, Sum Assured shall be payable.
Policy Term 5 to 35 years
Minimum Basic Sum Assured Rs. 25,00,000/-
Maximum Basic Sum Assured No Limit
Minimum Policy Term 5 years
Maximum Policy Term 35 years
Premium Paying Term Full policy term years
Minimum Entry Age 18 years (completed)
Maximum Entry Age 60 years (nearest birthday)
Maximum Age at Cover Ceasing for Life Assured 70 years
Mode of Premium Payment Yearly, half-yearly