Life Insurance Corporation of India launched Amulya Jeevan 2 according to the new guidelines given by Insurance Regulatory and Development Authority of India on 3rd February 2014. Amulya Jeevan 2 is term added plan where the service tax at the rate of 12.09 percent is added in the plan. Although this plan doesn’t provide neither maturity benefits nor survival benefits. Amulya Jeevan 2 only and only provides death benefits. Its cover is for only limited period of 35 years from the starting of the policy plan. It is a conventional premium paying plan without the profits of pure protection plan.