LICs Jeevan Ankur LICs Jeevan Ankur Features A

LIC’s Jeevan Ankur

LIC’s Jeevan Ankur 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.

LIC’s Jeevan Ankur Features • 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 Eligibility conditions Particulars Minimum Entry Age Life Assured 18 years Maximum 50 years (Parent) Entry Age for child 0 years 17 years Term Maximum (18 25 minus age of child, 8) years Sum Assured Rs. 100000/- No limit

LIC’s Jeevan Ankur Eligibility conditions & Rebates Particulars Conditions Premium Payment mode Single Premium, yearly, half-yearly, Quarterly, Monthly (ECS & SSS) Sum Assured shall be in multiples of Rs. 5000/- Other Conditions Tabular Premium (TP) Mode rebate Yly Hly 2% TP 1% TP Service Tax shall be payable by the policyholders on Single / Installment Premium as and when premiums are due.

LIC’s Jeevan Ankur Eligibility conditions & Rebates High Sum Assured Rebate Mode Single Premium Regular Premium SA in lacs ‰ SA Upto 1. 95 Nil 2 to 4. 95 4. 00‰ >5 lacs 6. 00‰ Upto 1. 95 Nil 2 to 4. 95 2. 00‰ > 5 lacs 3. 00‰

LIC’s Jeevan Ankur (Plan no. 807) Benefits MATURITY BENEFIT An Amount equal to Sum Assured plus Loyalty Additions, if any. ***** The Maturity Benefit is also paid to nominee along with Sum Assured and Income Benefit payments in event of Death of the Life Assured.

LIC’s Jeevan Ankur Benefits Death Benefit : • Immediate payment of an amount equal to the Basic Sum 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 Eligibility conditions – Critical Illness Rider Particulars Entry Age Policy Term Minimum 18 years Regular – 10 years Single – 8 years Maturity Age Critical Illness Sum Assured (CISA) 60 years Rs. 50000/Maximum of 5 lakh overall limit under all existing policies and new proposals CISA shall be in multiples of Rs. 10000/PWB option can be availed provided the BSA = CISA. Other Conditions Maximum 50 years As per basic plan

LIC’s Jeevan Ankur Eligibility conditions – Accident Benefit Rider Particulars Minimum 18 years Entry Age As per Basic Plan Maturity Age Accident Benefit Rs. 25000/Sum Assured (ABSA) Other Conditions Maximum 50 years 70 years 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. 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 Benefit Illustration Particulars Age Term Mode Description 35 years 25 years Yearly Premium Sum Assured Maturity Value @ 6% Maturity Value @ 10% Death Benefit 3587/- ( Exclusive of Service Tax) 100000 107500 194000 100000 payable immediately 10000 on every policy anniversary after death till maturity. All Maturity Benefits payable on Maturity

LIC’s Jeevan Ankur Benefit Illustration Particulars Age Term Mode Description 35 years 10 years Yearly Premium Sum Assured 9055/- ( Exclusive of Service Tax) 100000 Maturity Value @ 6% Maturity Value @ 10% Death Benefit 100000 120000 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

LIC’s Jeevan Ankur (Plan no. 807) Benefit Illustration Particulars Age Term Mode Description 35 years 25 years Single Premium Sum Assured Maturity Value @ 6% Maturity Value @ 10% Death Benefit 40900/- ( Exclusive of Service Tax) 100000 109000 280000 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

LIC’s Jeevan Ankur (Plan no. 807) Benefit Illustration Particulars Age Term Mode Description 35 years 25 years Single Premium Sum Assured Maturity Value @ 6% Maturity Value @ 10% Death Benefit 62565/- ( Exclusive of Service Tax) 100000 136000 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

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 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.