Term insurance is often the most inexpensive life insurance solution. Term insurance is recommended by most of the investment and financial experts.Anmol Jeevan 1 - Plan Details:
Life Insurance Corporation Of India’s Anmol Jeevan-I (Plan No. 164) is a unique plan of assurance, by far the cheapest policy to buy; cheaper than even a whole life policy to start with. Anmol Jeevan-I is a pure term cover provides only life cover unlike endowment and money back policies which have a built-in saving element too.
* Term - 5 to 25 years
* Min/Max sum assured - Rs 5,00,000 to Less than 25,00,000 .
* Early age - 18 to 55 years
* Maturity age - 65 years
* Premium payment frequency - Yearly, Half- Yearly and Single premium
* Riders available - No Riders
* Death benefit - Sum assured
* Maturity benefit - No benefits
* Surrender value - No surrender
* Withdrawal facility - N.A
* Tax benefit - Tax benefits on premiums paid and benefits received under the policy, as per the prevailing Income Tax Laws
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