Introduction of Anmol Jeevan

( Table No. 153 )

Date of launching :
30th July, 2002
  Pure Term Assurance Plan that
provides risk cover at low cost.
  A Without Profit Plan
  Plan Restrictions :
 Age at Entry (Min.) : 18 years completed
 Age at Entry (Max.) : 50 years n.b.d.
 Maturity Age (Max.) : 60 years
 Term : 10, 15 &
20 Yrs.
 Sum Assured : Rs.5 Lacs
& Rs.10
lacs only
 Benefits :

 On death during : Full Sum the term of

the Assured Policy
 On maturity : Nil

  Policy will not acquire any Paid-Up

Value or Surrender Value.

 Loan Provision is not available.

  Grace Period : 15 days allowed for
payment of Yly., Hly. & Qly. Premiums

  Revival : Policy can be revived

during the term of the policy on payment
of interest @ 9% p.a. compounding half
yearly. Cost of Medical Reports and
Special Reports should be borne by the
life assured.
 Claim concession is not
applicable to this policy.

 Plan will be allowed to Standard

and Sub-standard lives (upto Class
VI E.M.R.)

 Only Category I & II Female Lives

allowed.
  Similar type of product available with
L.I.C. as on date is Convertible Term
Assurance (Plan No.58) for 5, 6 and 7
years term only.

  Similar type of product is also

available with I.C.I.C.I.-Pru., H.D.F.C.-
Standard, Om Kotak, Birla Sun Life.,Tata-
AIG, Allianz Bajaj.
Premium required for Rs.10
lacs S.A. for Age 30 years
Annual Premium
10 years term : Rs,.2037/-
15 years term : Rs.2328/-
20 years term : Rs.2813/-

Single Premium
10 years term : Rs.14,550/-
15 years term : Rs.22,550/-
20 years term : Rs.32,100/-
Target Market :

 i. Low Income Group

 ii. Salaried Class
 iii. Middle class group
 iv. Person belonging to high-
income group, but, low insurance
minded.
Premium for a 10 Year Rs.10 Lakh
S.A. Term
Insurer Plan 30 Yr. 35 Yr.
Name Old Old
HDFC Term 2820 3050
Assuran
ce
Birla Flexi 3650 4010
Sunlife Term
Tata Assure 3600 4670
A.I.G. Life Line
ICICI Lifeguar 2504 2925
Prud. d Leave
Term
L.I.C. Anmol 2037 2910
Jeevan
Om Term 3400 4200
Kotak Assuran
ce
Allianz Risk 3560 4450
Bajaj Cover
Premium for a 20 Year Rs.10 Lakh
S.A. Term
Insurer Plan 30 Yr. 35 Yr.
Name Old Old
HDFC Term 2920 3580
Assuran
ce
Birla Flexi 3710 4500
Sunlife Term
Tata Assure 4550 6580
A.I.G. Life Line
ICICI Lifeguar 2680 3582
Prud. d Leave
Term
L.I.C. Anmol 2813 4317
Jeevan
Om Term 3700 5000
Kotak Assuran
ce
Allianz Risk 4830 6750
Bajaj Cover
 Comparative Premium of Different
Companies (Age 30 Yrs., S.A.: Rs.10 Lacs)
Term 20 years Single
Premium (for
10 Years
Term)
L.I.C. 2813 14,550

I.C.I.C.I. 2676 20,130

Contributed By ; P.K.
Mahapatra
 Prepared
by : Mktg.
Operations
Department, W.Z.O.
Thanking You,
……..