LIC’s Jeevan A nkur     Plan N o. 807
LIC’s Jeevan Ankur (Plan no. 807)            Features• A must plan for all parents.• Parent         is    the      Life   ...
LIC’s Jeevan Ankur (Plan no. 807)             Features• Plan available for parents of a new born child  also.• Three Rider...
LIC’s Jeevan Ankur (Plan no. 807)            Eligibility conditions       Particulars         Minimum           MaximumEnt...
LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & RebatesParticulars                ConditionsPremium Payment mode...
LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & Rebates             High Sum Assured Rebate    Mode           SA...
LIC’s Jeevan Ankur (Plan no. 807)              BenefitsMATURITY BENEFITAn Amount equal to Sum Assured plusLoyalty Addition...
LIC’s Jeevan Ankur (Plan no. 807)                   Benefits  Death Benefit :• Immediate payment of an amount equal to the...
LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Critical Illness Rider     Particulars          Minimum         ...
LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Accident Benefit Rider  Particulars      Minimum                ...
LIC’s Jeevan Ankur (Plan no. 807)           Benefit IllustrationParticulars            DescriptionAge                    3...
LIC’s Jeevan Ankur (Plan no. 807)        Benefit IllustrationParticulars            DescriptionAge                    35 y...
LIC’s Jeevan Ankur (Plan no. 807)        Benefit IllustrationParticulars            DescriptionAge                    35 y...
LIC’s Jeevan Ankur (Plan no. 807)        Benefit Illustration Particulars            Description Age                    35...
LIC’s Jeevan Ankur (Plan no. 807)        Reasons to Buy……                     Jeevan A nkur ,      because it conveys the ...
LIC’s Jeevan Ankur (Plan no. 807)          Reasons to Buy……•   Monetary Benefits of the plan shall enable your    child to...
LIC’s Jeevan Ankur (Plan no. 807)Reasons to Buy……•   Plus the Maturity Benefits of Basic Sum    Assured and Loyalty Additi...
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Jeevan Ankur Table 807

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Jeevan Ankur Table 807

  1. 1. LIC’s Jeevan A nkur Plan N o. 807
  2. 2. 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 payableimmediately followed by Income Benefit, in addition to this all Maturity Benefitswill be payable on the scheduled date of Maturity.
  3. 3. LIC’s Jeevan Ankur (Plan no. 807) 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.
  4. 4. LIC’s Jeevan Ankur (Plan no. 807) Eligibility conditions Particulars Minimum MaximumEntry Age Life Assured 18 years 50 years(Parent)Entry Age for child 0 years 17 yearsTerm Maximum (18 25 minus age minus age of of child child, 8) yearsSum Assured Rs.100000/- No limit
  5. 5. LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & RebatesParticulars ConditionsPremium Payment mode Single Premium, yearly, half-yearly, Quarterly, Monthly (ECS & SSS)Other Conditions Sum Assured shall be in multiples of Rs. 5000/- Mode rebateTabular Premium Yly 2% TP(TP) Hly 1% TPService Tax shall be payable by the policyholders on Single / Installment Premium as and when premiums are due.
  6. 6. LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & Rebates High Sum Assured Rebate Mode SA in lacs ‰ SA Upto 1 . 95 Nil Single 2 to 4 .95 4.00‰ Premium >5 lacs 6.00‰ Upto 1. 95 Nil Regular 2 to 4 . 95 2.00‰ Premium > 5 lacs 3.00‰
  7. 7. LIC’s Jeevan Ankur (Plan no. 807) BenefitsMATURITY BENEFITAn Amount equal to Sum Assured plusLoyalty Additions, if any. *****The Maturity Benefit is also paid tonominee along with Sum Assured andIncome Benefit payments in event ofDeath of the Life Assured.
  8. 8. LIC’s Jeevan Ankur (Plan no. 807) 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
  9. 9. LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Critical Illness Rider Particulars Minimum MaximumEntry Age 18 years 50 yearsPolicy Term Regular – 10 years As per basic plan Single – 8 yearsMaturity Age 60 yearsCritical Illness Rs.50000/- Maximum of 5Sum Assured (CISA) lakh overall limit under all existing policies and new proposalsOther Conditions CISA shall be in multiples of Rs.10000/- PWB option can be availed provided the BSA = CISA.
  10. 10. LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Accident Benefit Rider Particulars Minimum MaximumEntry Age 18 years 50 yearsMaturity Age As per Basic Plan 70 yearsAccident Rs. 25000/- Rs.50 lakh overall limit, taking intoBenefit Sum account ABSA under all existing policies, i.e. Individual,Group andAssured new proposals. The policies may be(ABSA) from LIC or any other insurance company.Other •AB Premium shall be @ Re.0.50 ‰.Conditions •The ABSA shall be in multiples of Rs.5000/-. •This Benefit is available under Regular Premium policies only.
  11. 11. LIC’s Jeevan Ankur (Plan no. 807) Benefit IllustrationParticulars DescriptionAge 35 yearsTerm 25 yearsMode YearlyPremium 3587/- ( Exclusive of Service Tax)Sum Assured 100000Maturity Value @ 6% 107500Maturity Value @ 10% 194000Death Benefit 100000 payable immediately 10000 on every policy anniversary after death till maturity. All Maturity Benefits payable on Maturity
  12. 12. LIC’s Jeevan Ankur (Plan no. 807) Benefit IllustrationParticulars DescriptionAge 35 yearsTerm 10 yearsMode YearlyPremium 9055/- ( Exclusive of Service Tax)Sum Assured 100000Maturity Value @ 6% 100000Maturity Value @ 10% 120000Death Benefit 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity
  13. 13. LIC’s Jeevan Ankur (Plan no. 807) Benefit IllustrationParticulars DescriptionAge 35 yearsTerm 25 yearsMode SinglePremium 40900/- ( Exclusive of Service Tax)Sum Assured 100000Maturity Value @ 6% 109000Maturity Value @ 10% 280000Death Benefit 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity
  14. 14. LIC’s Jeevan Ankur (Plan no. 807) Benefit Illustration Particulars Description Age 35 years Term 25 years Mode Single Premium 62565/- ( Exclusive of Service Tax) Sum Assured 100000 Maturity Value @ 6% 100000 Maturity Value @ 10% 136000 Death Benefit 100000 payable immediately 10000 on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity
  15. 15. LIC’s Jeevan Ankur (Plan no. 807) Reasons to Buy…… Jeevan A nkur , because it conveys the m ost im portant m essage to your child – • That he/she is the prim e focus of your life. • That savings are im portant. • That security is im portant.
  16. 16. 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.
  17. 17. 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.

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