LIC of India launched Anmol Jeevan 2 according to the new guidelines given by Insurance Regulatory and Development Authority of India on 3rd February 2014. Amulya Jeevan 2 is a pure term insurance policy. The service tax at the rate of 12.09 percent is added in the LIC’s Anmol jeevan II policy. There are no maturity benefits or survival benefits under LIC’s Anmol jeevan II policy. There is only and only death benefit which is covered only for limited time being. the maximum period for which LIC’s Anmol provide covers is of 25 years from the date of commencement of the plan.