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LIC Anmol Jeevan II is a pure risk cover term plan of sum assured up to Rs.24 lakhs, which can be opted primarily for protection. In this plan, the nominee will get the entire Sum assured if the life insured dies during the policy term.
Death Benefit - The entire Sum Assured is paid to the nominee on death of the Life Insured during the policy term.
Maturity Benefit - No benefit is payable on maturity as this is a pure protection plan.
Income Tax Benefit - Income Tax Benefits available on Paid Life Insurance Premium under Section 80C & Death Benefit will also be tax free.