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.