LIC Amulya Jeevan II vs Online term policy – Was I duped by Agent ?

POSTED BY Rahul ON November 6, 2014 11:17 am COMMENTS (2)


I have recently taken Amulya Jeevan II for a sum assured of 50 lakhs/35 years at 10k annually. I have paid it for only one year. With LIC online term policy the premium calculator shows that I can avail the policy of basic sum assured 1 Crore/35 years at 12k annually. Which is almost double sum assured with 20% more premium.

Was I duped by the LIC agent? or does Amulya Jeevan II offer some benefits that the online term policy doesn’t? Is it beneficial for me to cancel Amulya Jeevan II and opt for online term policy? Any other suggestions?

Thanks for your help.

2 replies on this article “LIC Amulya Jeevan II vs Online term policy – Was I duped by Agent ?”

  1. Raja says:

    Agreed with above reply. Let this year go by since you have already paid the premium. Next year if you want to buy online plan, buy it and then cancel the offline one.

  2. Hemanth says:

    Both are term policies. Difference is offline and online. Nothing else….

    Agent didn’t duped you.

    Offline policies are costly as they have to pay commissions to agents….

    In online policies, you ahve to do everything by yourself and in case of any query, you have to approach customer care. If you are OK with it go ahead to online policy.

    If u r planning to take online policy, first take it and then only close the offline policy.

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