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LIC Amulya Jeevan

The LIC AmulyaJeevan is a term assurance plan. In case of sudden death of the policy holder during the term of the policy the assured sum is payable if the policy is kept in force. On maturity no sum is payable. No surrender value is available under this plan neither any loan is available under this plan. The policy does not acquire any paid up value.

If the policy holder is not satisfied with the terms and conditions of the plan then he/she can return the policy to the company within 15 days.

To get the LIC AmulyaJeevan the eligibility conditions are as follows:

  • If the applicant has completed 18 years of age, he/she is liable for minimum age entry.
  • The maximum age at entry is 60 years.
  • The maximum age at maturity is 70 years.
  • The policy term can be continued from 5 to 35 years.
  • The minimum assured sum amount is Rs 2500000/-.
  • No upper limit is there for maximum assured sum.

This plan is allowed to standard and substandard lives. For the female applicants the lan is restricted to category I and II. Physically disabled or handicapped persons fall under group A with standard extra rates. The requirements for LIC AmulyaJeevan are:

  • The proposal form is to be filled properly and the age proof is to be submitted along with the form.
  • The proposals are considered on the basis of medical or special report. The FMR is required to be done by DMR or additional DMR or by the TPA.
  • The FMR from MEs are not accepted.
  • The costs of medical reports are to be carried out by LIC according to the rules.
  • For SUC and underwriting of special reports and financial underwritings the assured sum is to be considered.
  • The policy does not acquire any paid up value.
  • Even no surrender value is available under this planning.
  • There are no applicable claim concession or extended claim concession.
  • The reinsurance rules are applicable according to the term assurance plan.


how can I be confirmed about authenticity of fmr.I fear it may be false document,all test may not actually be done

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