LIC's Jeevan Ankur is a life insurance plan designed to financially support a policyholder's child. It guarantees an income benefit of 10% of the sum assured annually in case of the policyholder's death to cover the child's needs until maturity. At maturity, the child will receive the sum assured plus loyalty additions. The plan term is based on the child's age between 18-25 years to ensure support until financial independence. The example shows a 34-year old purchasing a 18-year plan for Rs. 10 lakhs for his 3-year old son. In case of death, the son would immediately receive the full sum assured, 10% annually as income benefit, and the full amount plus

1. FROM THE DESK OF RISHI B. KHANNA CFPCM
L.I.C’s Jeevan Ankur
LIC's Jeevan Ankur is specially designed for the benefit of the children. Your child is totally
dependent on you during his/her growing up years. LIC Jeevan Ankur is an excellent plan to meet
the multiple financial needs that arise as kids grow up. Through payment of Income Benefit, LIC
Jeevan Ankur assures that your child’s financial needs are met in case of your unfortunate demise.
The Policy term of Jeevan Ankur is based on the age of the child (18 and 25) to ensure that the
financial needs of your child are taken care of till he/she is old enough to start earning and settle
in life.
Benefits of the plan is explained with the help of an illustration.
Mr. Vikaram Rathod, aged 34 years, insures his son’s future by opting this plan for Rs.10 Lakhs. His son, Jaiveer
Rathod is of age 3 years.
He has opted for the term of 18 years i.e., when Jaiveer will complete his age of 21years he should get the maturity
amount.
The annual premium for the same is Rs. 45,278 p.a. for the period of 18 years. The detail chart is shown below.
What he or his son will get.?
On Maturity of Policy:
An Amount equal to Sum Assured plus Loyalty Additions, if any.
That means Rs 10,00,000 + Rs. 6,50,000 (Loyalty Addition which is assumed @ 6% as per irda rule).
On Death of Mr. Vikaram Rathod: If Mr. Vikaram Rathod passes away during the term of the Policy.
(1) Immediate payment of an amount equal to the Basic Sum Assured.
That means immediately the sum of Rs. 10,00,000 to be paid to Jaiveer or guardian.
(2) 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.
That means 1,00,000 (10% of Rs. 10 Lakhs) to be paid till the maturity date of the policy.
(3) Another lump sum equal to Basic Sum Assured with Loyalty Addition, if any, on the maturity date
That means Rs 10,00,000 + Rs. 6,50,000 (Loyalty Addition which is assumed @ 6% as per irda rule) to jaiveer.
(4) All Future premium are waived off from the date of death.
That means no Future Liability of premium on guardian.
CHILD PLANS, PENSION PLANS, INVESTMENT PLANS, TERM PLANS, ULIP PLANS.

2. FROM THE DESK OF RISHI B. KHANNA CFPCM
Annual Premium, Risk Cover and Return from LIC.
The below table shows the Annual Premium Paid, Risk Cover, Returns & Loan Availability at the end of each year. The
Tax saved is calculated @ 30.90%
One of the best plan to gift a child’s education and career, by a parent.
CHILD PLANS, PENSION PLANS, INVESTMENT PLANS, TERM PLANS, ULIP PLANS.