LIC Anmol Jeevan-I

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner.

Anmol Jeevan-I is the entry level term insurance product of LIC. This policy is for those looking for sum assured less than Rs 25 lakhs. Others can refer to LIC's other term policy Amulya Jeevan-I. LIC has lived up to the expectation of its clients, almost always, with regards to claim settlement. This policy, earlier known as Anmol Jeevan, was revised and now goes by the name Anmol Jeevan-I (Plan 164).

Being a product of India's favourite insurance company, Anmol Jeevan- I has enjoyed wide popularity. This is a good offline term insurance policy, no doubt. We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

Product features:



Fintotal Comment

Minimum age at entry

18 years


Maximum age at entry

55 years


Maximum policy term

25 years or till age of 65, whichever is earlier

Lower maximum term a disadvantage for young buyers

Minimum sum assured

Rs 5 lakh


Maximum sum assured

Rs 24 lakh


Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment. Both work best when independent.

Below table shows indicative premiums for a non-smoking male. Premiums for females may be lower.

Your age


Indicative Annual Premium

(For cover of Rs.25 lakh )

25 years

25 years

Rs. 6,867

30 years

25 years

Rs. 9,171

40 years

20 years

Rs. 16,656

50 years

10 years

Rs. 25,205

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