LIC Jeevan Anurag

LIC Jeevan Anurag

Jeevan Anurag Summary: (Child Insurance Plan)

LIC Jeevan Anurag (Table 168) is a with-profits plan specifically designed to take care of the educational needs of children. The plan can be taken by parents. In addition, this plan also provides for immediate payment of the Basic Sum Assured amount on death of the Life Assured during the term of the policy.

Assured Benefit:
Payment of 20% of the Basic Sum Assured at the start of every year during the last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with revisionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if the term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the revisionary bonuses and the terminal bonus, if any, at the end of the 20th year.

Death Benefit:
Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.

Eligibility Conditions and Restrictions Jeevan Anurag Basic Plan:

Age at entryAge of the Life Assured- 20 to 60 years (age nearest birthday)
Age of the Life Assured at maturityMaximum 70 years (age nearest birthday)
TermAll terms from 10 to 25 years. In case of single premium mode minimum term shall be 5 Years.
Minimum Sum AssuredRs. 50,000 /-
Maximum Sum assuredNo limit. Sum Assured will be in multiples of Rs.5,000 /- only.
ModeYearly, Half-yearly, Quarterly, Monthly or through salary deductions in case of regular premiums.

Eligibility Conditions and Restrictions Term Assurance Rider

Age at entryAge of the Life Assured- 20 to 50 years (age nearest birthday)
Age of the Life Assured at maturityMaximum 60 years (age nearest birthday)
TermNIL
Minimum Sum AssuredRs. 1,00,000 /-
Maximum Sum assuredAn amount equal to the Sum Assured under Basic Plan subject to the maximum of Rs. 25 lakh overall limit taking all term assurance riders availed under all existing policies of the life assured and the term assurance rider under the new proposal into consideration.
ModeNIL

The Term Assurance Rider Sum Assured will be in multiples of Rs.25,000 /-.

Eligibility Conditions and Restrictions Critical illness Rider:

Age at entryAge of the life Assured- 20 to 50 years (age nearest birthday)
Age of the Life Assured at maturityMaximum 60 years (age nearest birthday)
TermNIL
Minimum Sum AssuredRs. 50,000 /-
Maximum Sum assuredAn amount equal to the Sum Assured under Basic Plan subject to the maximum of Rs. 5 lakh overall limit taking all critical illness riders availed under all existing policies of the life assured and the critical illness rider under the new proposal into consideration.
ModeNIL

The Critical Illness Rider Sum Assured will be in multiples of Rs.10,000 /-.

Premium Payment Options:

Following premium paying terms are offered:

  1. Single-Premium– One Year
  2. Regular Premium payable during (n-3) Years, where n is the policy term
  3. Regular Premium is payable throughout the policy term.

Cooling off period:
If you are not satisfied with the “Terms and Conditions” of the policy, you may return the policy to Life Insurance Corporation Of India within 15 days.


Update: LIC Jeevan Anurag Plan No. 168 Has Been Discontinued.


Note:
The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

6 thoughts on “LIC Jeevan Anurag”

  1. Dear Sir/ Mam,

    My daughter 9 months old, please suggest one time deposit for ex. Rs. 1,00,000.00 period of time 20years than after 20years how much i can receive and what are the formalities?

  2. jibanjyoti panigrahi

    Dear,
    Sir/Mad. i want your’s help.
    How to view my lic MONEY PLUS policy unit rate as on today?. I have in this policy so i want account statement of my policy. If you donot mind, i want your’s guide .

  3. Sir i have recently joined as a lecturer and i want to know about the lic
    1.Insurance
    2.Pension plan
    3.unit plan
    4 special plan
    5 group scheme
    all the schemes under it history and its tentative total candidates under the scheme
    It would be a great help if u provide me the details
    Thanking you
    Rana Roy

  4. is bonus payable every year on premium deposited or on sum assured. i have taken a policy under which sum assured is Rs. 5 lakhs and premium is Rs. 36000/- (Quaterly mode).

  5. dear sir/mam
    i want to know the imformation about a policy .Policy holder has been expired in 2006.Policy was started in 1996.I want to know that policy is running or not? if yes what is the surrender value?
    Pls send me the office phone no .Policy has following details;
    Division; Calcutta
    city branch no 11
    131/a b b Ganguly street
    calcutta 700012
    policy holder name and address;; SRIRAMBOLI MAHATO
    C/O RISHIKESH CHEMICAL
    61/1 MANIK BOSE GHAT ST
    CALCUTTA 700006
    DUE MONTH; JULY 1996
    POLICY NO ;; 413763578
    CHK DGT ;; 7
    MODE ; QLY
    PLAN TERM ; 091/25
    SUM ASSD. ; 25000
    BRANCH; 421
    AGENCY NO;; 84964411
    D.O.CODE ; 1600

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