LIC ’s Jeevan Ankur

P la n N o . 8 0 7

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.

Features Cont… 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)

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

Hly

Service Tax shall be payable by the policyholders on Single / Installment Premium

as and when premiums are due.

2% TP

1% TP

LIC’S JEEVAN ANKUR (PLAN NO. 807) ELIGIBILITY CONDITIONS & REBATES

High Sum Assured Rebate

Mode SA in lacs ‰ SA

SinglePremium

Up to 1. 95 Nil

2 to 4.95 4.00‰

6.00‰

RegularPremium

Upto 1. 95 Nil

2 to 4 . 95 2.00‰

> 5 lacs 3.00‰

>5 lacs

LIC’S JEEVAN ANKUR (PLAN NO. 807) BENEFITS

MATURITY BENEFITAn Amount equal to Sum Assured plus

Loyalty Additions, if any.

****************The Maturity Benefit is also paid to

nominee along with Sum Assuredand 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 BasicSum 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.

OtherConditions

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) 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.

JEEVAN ANKUR THE PLAN THAT CARES