LIC Jeevan Ankur (Plan no.807) is the latest insurance plan for the children. LIC Jeevan Ankur gives multiple financial assistance to your child when he/she needs in growing up years. In this plan, the parent is the Life Assured and the child is the Beneficiary.
LIC Jeevan Ankur Features:
- Jeevan Ankur is the must plan for all parents.
- The option of single premium/Regular premium
- The parent is the Life Assured, the child is the Beneficiary.
- Death Benefit= Sum Assured + Income Benefit + Maturity Benefit*
- Maturity Benefit= Sum Assured + Loyalty addition, if any.
- Plan available for parents of a newborn child also
- 3 Riders to customize Jeevan Ankur policy
- Accident Benefit Rider
- Critical Illness Benefit Rider( With an additional option of Premium Waiver Benefit)
- Conventional with-profits plan.
Death Benefits:
Immediate payment of an amount equal to the Basic Sum Assured plus income benefit plus maturity benefit*
* On the 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.
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 the policy term to the nominee child.
Another lump sum equal to Basic Sum Assured with Loyalty Addition, on the maturity date.
Eligibility conditions for Jeevan Ankur:
| Particular | Minimum | Maximum |
| Entry Age Life Assured (Parent) | 18 Years | 50 Years |
| Entry Age for child | 0 Year | 17 Years |
| Policy Term | 18 minus age of the child, or 8 years min. | 25 minus age of child. |
| Sum Assured | Rs.100000/- | No Limit |
Premium modes:
Single-Premium, yearly, half-yearly, Quarterly, Monthly (ECS & SSS)
Eligibility conditions – Accident Benefit Rider
Critical Illness Rider
Pls. tell me if I will pay Rs.1000/- Per /month for JEEVAN ANKUR PLAN (807) policy for my daughter whose age is 3 months.
Pls. suggest me the following concepts.
TOTAL TERM. IN YEARS
TOTAL AMOUNT PAID
AMOUNT ON MATURITY
1 At what age risk cover will be start.
2 If death of life assured (Father)before maturity of policy
what amount will be paid to child on the age of 18 years.
3 if death of child before maturity of policy what amount will
be paid to life assured.
4 if death in accident of life assured what amount will be paid to
child.
Pls. send details on this mail id immediately pls…
Regards,
Amar chand
In this policy no much benfit after maturty . After death this policy very profitable policy .
In this policy no much benfit . After death this policy very profitable policy .
My birth date : 19/11/1970
1st child birth date : 04/07/2002
2nd child birth date : 28/08/2008
please give me premium amount or premium calculator
what is this Income benefit?
Examaple 25 years Harish has taken policy for 25 years if death occurs family will get 5lac immediately. after3 yearly premiums if death comes 4th year onward 50000/ will be added to policy is it corre t? please explain
As per your plan presentation of Rs.100000 /- sum assued the maturity benefit @6% , @10% is varies. The age and term being the same. The mode being Single. Please clarify. Also Please specifiy the percentage of Loyalty Addition that policy holder will get in case of maturity benefit. I require approximate %ge and not vague answer. What is present LA is being paid of simillar policies
Preimum Preimum
Rs.40,900/- Rs. 62,565/-
Maturity benefit@6% 1,09,000/- Rs. 1,00,000/-
Maturity benefit @10% 2,80,000/- Rs. 1,36,000/-
Can I pay every month like sip in jeevan ankur? If I pay Rs.1000 monthly how much wil I get after the maturity period? What is the maturity period for this plan.
Yes, ECS is available in Jeevan ankur. Term depends on your childs age.
Good plan which wil pick up speed in d coming months