Amulya Jeevan – I (Table No – 190)
Table Summary Amulya Jeevan-1 has introduced with effect from 18th February, 2008 in place of “amulya Jeevan” (Table – 177) which has been withdrawn with effect from 18th February, 2008. This plan will be allowed to standard and substandard lives. Also allowed to persons engaged in hazardous occupations by Charging appropriate occupation extra clause 86. Benefits : Maturity Benefit -: No amount is payable on maturity. Death Benefit: In case of Death Basic S.A. will be paid to the nominee.
Example: Mr. Sushil aged 30 yrs. takes Amulya Jeevan – 1 policy, S.A. Rs. 25 lacs for term 20 years. He pays ammual premium of Rs. 6425/-. On death of Mr. Sushil during policy term, his nominee will receive Rs. 25 lacs. On maturity, If Mr. Sushil is alive, he will no receive any amount.