LIC Anmol Jeevan II is a term insurance plan that helps the family members/dependents of the life assured get financial assistance in case something unfortunate happens to him.

Basically, it’s a term insurance plan which means that in case of any eventuality occurred to the insurance holder, his nominees are going to be paid the death benefit from LIC. It provides the most sought-after financial assistance to the dependents of a policyholder that his family may have to face in case of his untimely demise.

Life is always uncertain. Therefore, financially securing the life of your loved ones is of utmost importance. Buying a term plan is a crucial step towards financially securing your family as it majorly significantly mitigates the damage caused to them in your absence.  After all, the surviving members of the family still have to live their lives.

LIC Anmol Jeevan Plan

LIC Anmol Jeevan II is a term assurance plan which doesn’t have any bonus facility. It means that in case of unfortunate demise of the life assured within the term of the policy, the death benefit will be paid to his nominee. However, in case the policyholder survives his policy tenure, nothing will be paid to him.

LIC Anmol Jeevan Plan – Eligibility Criteria

Sum Assured (in INR)Rs. 6 LakhsRs. 24 Lakhs
Entry Age18 Years55 Years
Maturity Age65 Years
Policy Term5 Years25 Years
Payment ModeHalf Yearly and Yearly


LIC Anmol Jeevan II -Features & Benefits


If the insurance holder fails to pay his premiums within the grace period, his policy will lapse. The policyholder can get a lapsed policy revived within a time period of 2 years from the date of first unpaid premium. However, this policy revival facility is only available till LIC Anmol Jeevan-II policy is active.

The policyholder needs to pay all the arrears of unpaid premiums with the accrued interest (half-yearly compounding) at applicable interest rate – fixed by LIC at the time of payment. Here, it’s important to understand that this scenario is subject to the condition wherein the policyholder should be able to prove his insurability.

In case, a medical test is required- its cost and the associated costs such as of special reports will be borne by the insurance holder. LIC reserves the right to accept or decline the revival request by a policyholder. The revival is only effective if it’s been approved by LIC and the policyholder will be communicated about the same.

Paid-up Value:

LIC Anmol Jeevan-II doesn’t have any paid-up value.

Surrender Value:

LIC Anmol Jeevan-II doesn’t have any surrender value.

Income Tax:

Taxes are applicable on this plan as per prevailing income tax laws. The tax laws are applicable on the premium instalments paid by the insurance holder.  Furthermore, the taxes paid by the policyholder won’t be included as the payments while calculating his benefits payable under the plan.

Cooling-off Period:

In case the insurance holder is not satisfied with the ‘Terms and Conditions’ associated with Anmol Jeevan II,  he can return the policy to LIC within 15 days from its inception date stating the objection reasons.

Once LIC will receive the policy document, it will cancel the policy and return the premium amount deposited by the policyholder after deducting different charges such as proportionate risk premium amount valid for the cover period, medical test charges, stamp duty charges and special reports (if there are any).

Exclusion Under LIC Anmol Jeevan II


LIC Anmol Jeevan-II will be void if the insurance holder whether in sane or insane state of mind commits suicide within 1 year from the commencement date or revival date of the policy or, his nominee will receive the death benefit equal to 80% of the premiums paid by the policyholder till the date of his death, provided the policy is still active. Please understand that LIC will not entertain any other claim under this policy.

Read More: LIC e Term Plan – LIC Online Term Plan

FAQs for LIC Anmol Jeevan II

Q1) Is it mandatory to appear for medical examination to buy LIC Anmol Jeevan II policy?

Medical examination for LIC Anmol Jeevan II is solely dependent on the information shared by the insurance holder about his health status. For instance, individuals who have opted for LIC Anmol Jeevan II plan under the non-smoking category, have to appear for the related medical examination & tests.

They may need to deposit their urine& blood samples to confirm the nicotine level in their body. Therefore, it is utmost important that the insurance seekers must disclose correct information about the current status of their health.

Q2) What are the different documents required to buy LIC Anmol Jeevan II?

First of all, the insurance seeker has to fill up a proposal Form or Application Form with correct and accurate details about his medical history. Other documents that are required to get a policy are the applicant’s identity proof, address proof and other KYC documents. Medical tests and the supporting documents may also be required in some cases, depending on the age of the applicant and the cover amount chosen by him.

Q3) Is it possible to change the premium amount for LIC Anmol Jeevan II plan?

The premium amount for LIC Anmol Jeevan II policy can change in case there is a change introduced in the service tax regulations. These changes can take place if there are some changes introduced by the Indian Government.

Q4) Does LIC Anmol Jeevan II plan work abroad, too?

LIC is the oldest and the largest insurance providing institution in India that has made a presence among 250 million plus people worldwide. Thanks to the position that LIC holds in the insurance market, many of its policies like LIC term plans, child plans, Money back policies and Endowment plans offer services to the policyholders even when they are abroad.