jeevan ankur
DESCRIPTION
Jeevan Ankur is specially designed for the benefit of the children. Your child istotally dependent on you during his/her growing up years. Jeevan Ankur is anexcellent plan to meet the multiple financial needs that arise as kids grow up.Through payment of Income Benefit, Jeevan Ankur assures that your child’sfinancial needs are met in case of your unfortunate demise.The Policy term is based on the age of the child (18 and 25) to ensure that thefinancial needs of your child are taken care of till she is old enough to startearning and settle in life.Because you can enjoy peace of mind that comes with the insurance cover andthe certainty that all the benefits under the plan belong to your child.Also because your child will emulate your saving habit; an important lesson youcan impart to your child at an early age.TRANSCRIPT
LIC ’s Jeevan Ankur
P la n N o . 8 0 7
LIC’S JEEVAN ANKUR (PLAN NO. 807)
Features… A must plan for all parents. Parent is the Life Assured, child is the
Beneficiary Death Benefit = Sum Assured + Income
Benefit + Maturity Benefit *. Maturity Benefit = Sum Assured
+Loyalty addition. *On death of the Life Assured, Basic Sum Assured shall be payable immediately followed by Income Benefit, in addition to this all Maturity Benefits will be payable on the scheduled date of Maturity.
Features Cont… Plan available for parents of a new
born child also. Three Riders to customize your policy.– Accident Benefit Rider– Critical Illness Benefit Rider( With an
additional option of Premium Waiver Benefit)
Conventional with profits plan.
LIC’S JEEVAN ANKUR (PLAN NO. 807)
LIC’S JEEVAN ANKUR (PLAN NO. 807) ELIGIBILITY CONDITIONS
Particulars Minimum Maximum
Entry Age Life Assured(Parent)
18 years 50 years
Entry Age for child 0 years 17 years
Term Maximum (18
minus age of child,
8) years
25 minus age of child
Sum Assured Rs.100000/- No limit
LIC’S JEEVAN ANKUR (PLAN NO. 807) ELIGIBILITY CONDITIONS & REBATES
Particulars Conditions
Premium Payment mode Single Premium, yearly,half-yearly, Quarterly, Monthly(ECS & SSS)
Other Conditions Sum Assured shall be in multiples of Rs. 5000/-
Mode rebate
Tabular Premium(TP)
Yly
Hly
Service Tax shall be payable by the policyholders on Single / Installment Premium
as and when premiums are due.
2% TP
1% TP
LIC’S JEEVAN ANKUR (PLAN NO. 807) ELIGIBILITY CONDITIONS & REBATES
High Sum Assured RebateMode SA in lacs ‰ SA
SinglePremium
Up to 1. 95 Nil
2 to 4.95 4.00‰
6.00‰
RegularPremium
Upto 1. 95 Nil
2 to 4 . 95 2.00‰
> 5 lacs 3.00‰
>5 lacs
LIC’S JEEVAN ANKUR (PLAN NO. 807) BENEFITS
MATURITY BENEFITAn Amount equal to Sum Assured plus
Loyalty Additions, if any.
****************The Maturity Benefit is also paid to
nominee along with Sum Assuredand Income Benefit payments in eventof Death of the Life Assured.
LIC’S JEEVAN ANKUR (PLAN NO. 807) BENEFITS
Death Benefit :-• Immediate payment of an amount equal to the BasicSum Assured.• Income Benefit - Income Benefit equal to 10% of the
Basic Sum Assured is payable on each Policy anniversary from the policy anniversary coinciding with or next following the date of death, till the end of policy term to the nominee child.
• Another lump sum equal to Basic Sum Assured with Loyalty Addition, if any, on the maturity date
LIC’S JEEVAN ANKUR (PLAN NO. 807) ELIGIBILITY CONDITIONS – CRITICAL ILLNESS RIDER
Particulars Minimum Maximum
Entry Age 18 years 50 years
Policy Term Regular – 10 yearsSingle – 8 years
As per basic plan
Maturity Age 60 years
Critical IllnessSum Assured (CISA)
Rs.50000/- Maximum of 5 lakh overall limit under all existing policies and new proposals
Other Conditions CISA shall be in multiples of Rs.10000/- PWB option can be availed provided the BSA = CISA.
LIC’S JEEVAN ANKUR (PLAN NO. 807)ELIGIBILITY CONDITIONS – ACCIDENT BENEFIT RIDER
Particulars Minimum Maximum
Entry Age 18 years 50 years
Maturity Age As per Basic Plan 70 years
Accident Benefit Sum Assured (ABSA)
Rs. 25000/- Rs.50 lakh overall limit, taking into account ABSA under all existing policies, i.e. Individual,Group and new proposals. The policies may be from LIC or any other insurance company.
OtherConditions
AB Premium shall be @ Re.0.50 ‰.The ABSA shall be in multiples of Rs.5000/-.This Benefit is available under Regular Premium policies only.
LIC’S JEEVAN ANKUR (PLAN NO. 807) REASONS TO BUY……
Jeevan Ankur ,
because it conveys the most important message to your child –•That he/she is the prime focus of your life. •That savings are important.•That security is important
LIC’S JEEVAN ANKUR (PLAN NO. 807) REASONS TO BUY……
•Monetary Benefits of the plan shall enable your child to meet important financial expenses during his/her growing-up years. •The immediate payment of amount equal to the Sum Assured will help meet financial needs that arise on demise of the Life Assured. •Continued benefit of 10% of SA on every policy anniversary till Maturity is helpful in meeting educational expenses from time to time.
LIC’S JEEVAN ANKUR (PLAN NO. 807) REASONS TO BUY……
Plus the Maturity Benefits of Basic Sum Assured and Loyalty Additions, if any shall be available on maturity irrespective of your survival.
You can customize your plan through accidental Benefit Rider and Critical Illness Rider as additional security is always an added advantage.
JEEVAN ANKUR THE PLAN THAT CARES