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LIC Amulya Jeevan 2 plan

LIC Amulya Jeevan 2 Policy:

It is Pure term policy. It provides coverage up to maturity at a reasonably low price. Its a without profit traditional plan.

Key Features:
  1. This is a term plan.
  2. It provides insurance cover up to 35 years from date of commencement. 
  3. Death benefit: At the time of death of the insured, nominee gets sum assured.  
  4. On survival till maturity, nothing is to be paid.  
  5. Accidental death, term and other riders can be added at nominal top up. 
  6. Plan is tax exempted under 80(C) and 10(D).

Policy benefits:. 
  • Death Benefits as below: 
    • payable to the nominee, Sum assured on death.
  • Maturity benefit:
    • None
  • Accidental death and disability benefit:
    • No rider can be taken with this policy. 
  • Tax benefit:
    • Premium is exempted from tax under 80(C)
    • Maturity and sum assured is exempted from tax under 10(D)
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