LIC Amulya Jeevan-1 (Table No. 190)
Amulya Jeevan-1 is a Pue Term Assurance Plan with minimum Sum Assured of Rs.25 lakh which provides financial protection to your family from any unexpected surprises in life. You get good Sum Assured at very low priced premium. In the event of Policyholder’s demise, the cover taken is paid to the nominee.
Benefits:
On Maturity:
On Maturity no amount will be paid to the Policyholder.
On Death:
On death of the Policyholder during policy term, The entire Sum Assured will be paid to the nominee.
Income tax rebate:
The premium paid towards Amulya Jeevan-1 is eligible for tax deduction under section 80C of the Income Tax Act,1961.

Eligibility Conditions and Restrictions for LIC Of India’s Amulya Jeevan-1:

Minimum Age at entry: 18 years (completed)
Maximum Age at entry: 60 years (nearest birthday)
Maximum Age at maturity: 70 years (nearest birthday)
Policy Term: 5 years to 35 years
Minimum Sum Assured: Rs.25,00,000/-
Maximum Sum Assured: No Upper Limit
(Policies will be issued in multiples of Rs.1,00,000/- for Sum Assured more than the minimum Sum Assured)
Loan: Not available
Surrender Value: Nil
Dating Back: Allowed
Grace Period: 15 days

Mode of Premium :
Premium can be paid either in Yearly, Half-yearly & Single Premium.
Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to Life Insurance Corporation Of India within 15 days.