LIC’s Jeevan Ankur

Plan No. 807

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 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 (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.

LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions

Particulars Minimum Maximum

Entry Age Life Assured

(Parent)

18 years 50 years

Entry Age for child 0 years 17 years

Term Maximum (18

minus age of

child, 8) years

25 minus age

of child

Sum Assured Rs.100000/- No limit

LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & Rebates

Particulars Conditions

Premium Payment mode Single Premium, yearly,

half-yearly, Quarterly, Monthly (ECS & SSS)

Other Conditions Sum Assured shall be in multiples of Rs. 5000/-

Mode rebate

Tabular Premium(TP)

Yly 2% TP

Hly 1% TP

Service Tax shall be payable by the policyholders on Single / Installment Premium as and when premiums are due.

LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions & Rebates

High Sum Assured Rebate

Mode SA in lacs ‰ SA

SinglePremium

Upto 1 . 95 Nil

2 to 4 .95 4.00‰

>5 lacs 6.00‰

RegularPremium

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 (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

LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Critical Illness Rider

Particulars Minimum Maximum

Entry Age 18 years 50 years

Policy Term Regular – 10 yearsSingle – 8 years

As per basic plan

Maturity Age 60 years

Critical IllnessSum Assured (CISA)

Rs.50000/- Maximum of 5 lakh overall limit under all existing policies and new proposals

Other Conditions CISA shall be in multiples of Rs.10000/-PWB option can be availed provided the BSA = CISA.

LIC’s Jeevan Ankur (Plan no. 807)Eligibility conditions – Accident Benefit Rider

Particulars Minimum Maximum

Entry Age 18 years 50 years

Maturity Age As per Basic Plan 70 years

Accident Benefit Sum Assured (ABSA)

Rs. 25000/- 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.

Other Conditions

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 (Plan no. 807)Benefit Illustration

Particulars Description

Age 35 years

Term 25 years

Mode Yearly

Premium 3587/- ( Exclusive of Service Tax)

Sum Assured 100000

Maturity Value @ 6% 107500

Maturity Value @ 10% 194000

Death Benefit 100000 payable immediately10000 on every policy anniversary after death till maturity.All Maturity Benefits payable on Maturity

LIC’s Jeevan Ankur (Plan no. 807)Benefit Illustration

Particulars Description

Age 35 years

Term 10 years

Mode Yearly

Premium 9055/- ( Exclusive of Service Tax)

Sum Assured 100000

Maturity Value @ 6% 100000

Maturity Value @ 10% 120000

Death Benefit 100000 payable immediately10000 on every policy anniversary after death till maturityAll Maturity Benefits payable on Maturity

LIC’s Jeevan Ankur (Plan no. 807)Benefit Illustration

Particulars Description

Age 35 years

Term 25 years

Mode Single

Premium 40900/- ( Exclusive of Service Tax)

Sum Assured 100000

Maturity Value @ 6% 109000

Maturity Value @ 10% 280000

Death Benefit 100000 payable immediately10000 on every policy anniversary after death till maturityAll Maturity Benefits payable on Maturity

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 immediately10000 on every policy anniversary after death till maturityAll 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 (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.