amulya jeevan ii

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PRESENTED BY:- SUMEET PAWAR ( INSURANCE ADVISOR ) CONTACTS:- ( +91 ) 7738546484 ( +91 ) 9773757120 Amulya Jeevan - II Plan No. 823

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Page 1: Amulya jeevan ii

PRESENTED BY: -

SUMEET PAWAR( INSURANCE ADVISOR )

CONTACTS : -

(+91) 7738546484(+91) 9773757120

Amulya Jeevan - IIPlan No. 823

Page 2: Amulya jeevan ii

Features

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.

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Benefit

Death Benefit: (deal with sudden financial crisis)

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

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Benefit

Maturity Benefit: (Term-End Benefit)On survival to the end of the policy term, nothing

shall be payable.

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Benefit Illustration

Details ValueAge 30 yearsTerm 35 yearsPremium Paying Term 35 yearsSum Assured Rs 25,00,000Premium Paid (incl. ST) – Yearly Mode Rs 7,640 (Rs 6,800 + Rs

840)Premium Paid (incl. ST) – Half Yearly Mode

Rs 3,897 (Rs 3,468 + Rs 429)

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Eligibility Conditions & Other Restrictions

Details ValueMinimum Entry Age 18 years (completed)Maximum Entry Age 60 years (nearest birthday)Maximum Cover Ceasing Age 70 years (nearest birthday)Minimum Policy Term 5 yearsMaximum Policy Term 35 yearsMinimum Sum Assured Rs 25,00,000Maximum Sum Assured No LimitSum Assured will be in multiple of Rs 1,00,000Premium Payment Mode Yearly & Half Yearly

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Payment of Premiums

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. 

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Sample Premium Rates

Following are some of the sample annualized premium rates (exclusive of service tax) per Rs. 1000/- Sum Assured

Age Terms5 years 10 years 15 years 20 years 25 years

20 1.15 1.15 1.15 1.15 1.1730 1.28 1.29 1.42 1.64 1.9640 2.03 2.41 2.97 3.57 4.2350 4.85 5.85 6.89 8.05 -

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Revival

If premiums are not paid within the grace period then the policy will lapse. A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium but before the expiry of policy term, by paying all the arrears of premium together with interest (compounding half-yearly) at such rate as fixed by the Corporation at the time of payment, subject to submission of satisfactory evidence of continued insurability.

The cost of the medical reports, including special reports, if any, required for the purpose of revival of the policy, shall be borne by the Life Assured.

The Corporation reserves the right to accept at original terms, accept at revised terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Policyholder.

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Cooling-off Period

If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to us within 15 days from the date of receipt of the policy bond stating the reason of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium for the period on cover, stamp duty charges, expenses for medical examination and special reports, if any.

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Claims Settlement Report of all Life Insurance Companies in India (IRDA Annual Report 2012-13)

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Get More FREE Insurance Advice

Call Sumeet Pawar(Insurance Advisor)(+91) 7738546484

[email protected]