LIC Jeevan Ankur

LIC 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.

LIC JEEVAN ANKUR 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.

• Riders to customize Jeevan Ankur policy.

  • Accident Benefit Rider
  • Critical Illness Benefit Rider( With an additional option of Premium Waiver Benefit)
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

•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, on the maturity date

Jeevan Ankur 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 Illness Sum 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.

Jeevan Ankur 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 befrom LIC or any other insurancecompany.
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 Jeevan Ankur Benefit Illustration

Particulars Description
Age 35 years
Term 25 years
Mode Yearly
Premium 3587/- ( Exclusive of Service Tax)
Sum Assured 100000

Maturity Value @ 10% 194000
Death Benefit 100000 payable immediately 10000 on every policy anniversary after death till maturity. All Maturity Benefits payable on Maturity

Reasons to buy LIC Jeevan Ankur

•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.

•Plus the Maturity Benefits of  Basic Sum Assured  and Loyalty Additions, 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.

IDFC Infrastructure Bonds 2012

According to section 80CCF, an amount not exceeding Rs 20,000 invested in long term infrastructure bonds shall be allowed to be deducted from the total income of an Individual or Hindu Undivided Family. This deduction shall be available over and above the aggregate limit of Rs. One Lakh as provided under sections 80C, 80CCC and 80CCD read with section 80CCE. Closes: 25th February.2012.

Presenting IDFC Infrastructure Bonds – Tranche 2.

SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 2 BONDS

Series

1

2

Freequesncy of Interest Payment Annual Cumulative
Face Value per Tranche 2 Bond Rs. 5,000 Rs. 5,000
Buyback Facility Yes Yes
Buyback Amount Rs.5,000 per Tranche 2 Bond Rs.7,590 per Tranche 2 Bond
Buyback Intimation Period The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date
Tenor 120 months from the Deemed Date of Allotment 120 months from the Deemed Date of Allotment
Interest Rate 8.70% p.a. N.A.
Maturity Amount Rs.5,000 per Tranche 2 Bond Rs.11,515 per Tranche 2 Bond
Yield on Maturity 8.70% 8.70% compounded annually
Yield on Buyback 8.70% 8.70% compounded annually

TAX ADJUSTED RATE OF RETURN FOR TRANCHE 2 BONDS

Series

Series 1 Tranche 2 Bond

Series 2 Tranche 2 Bond

10.3 10.40% 9.88%
20.6 12.40% 11.23%
30.9 14.80% 12.78%
Tax Rate (%) Tax Benefit adjusted rate of return on Buyback (with Tax Benefits up to Rs. 20,000 u/s 80CCF of the Income Tax Act, 1961) Tax Benefit adjusted rate of return on Buyback (with Tax Benefits up to Rs. 20,000 u/s 80CCF of the Income Tax Act, 1961)
10.3 11.51% 11.08%
20.6 14.80% 13.82%
30.9 18.73% 17.03%

 

L&T Infrastucture Bonds 2012

L&T is coming up with Public issue of long term infrastructure bonds, in the nature of secured, redeemable, non-convertible debentures, for an amount aggregating up to Rs. 300 Crores with an option to retain an oversubscription up to the Shelf Limit

Below are the details of the Issue:

L&T BOND

ISSUE OPENS 10-Jan-12
ISSUE CLOSES 11-Feb-12
PRICE BAND Rs. 1000/-
MINIMUM APPLICATION 5 Units [Rs. 5, 000] and in multiples of 1 Bond (Rs. 1000) each thereafter.
INTEREST RATE 8.70% for 10 Years p.a and 8.70% for 10 Years Compounded annually.
RATING ICRA – AA+
CARE CARE AA+

 

 

You can Apply to this bond issue in both physical as well as dematerialized form.

Documents Required for Physical Mode

  • Self-attested copy of the PAN card
  • Self-attested copy of a cancelled cheque of the bank account to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited
  • Self-attested copy of the proof of residence.

Any of the following Documents shall be considered as a verifiable proof of residence

  • Ration card issued by the GOI or
  • Electricity bill (not older than three months) or
  • Landline telephone bill (not older than three months) or
  • Valid passport issued by the GOI or
  • Voters Identity Card issued by the GOI or
  • Passbook or latest bank statement issued by a bank operating in India or

Documents for Demat Mode

  • Self-attested copy of the PAN card

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