L IC’s Jeevan A nkurL IC’s Jeevan A nkurL IC’s Jeevan A nkurL IC’s Jeevan A nkur
P lan N o. 807P lan N o. 807P lan N o. 807P lan N o. 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 +• 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 payab leimmediately followed by Income Benefit, in addition to this all Maturity Benefitswill 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– 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
SingleUpto 1 . 95 Nil
2 to 4 .95 4.00‰SinglePremium
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 plusLoyalty Additions, if any .
*****The Maturity Benefit is also paid tonominee along with Sum Assured andIncome Benefit payments in event ofDeath 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• Income Benefit - Income Benefit equal to 10% of the
Basic Sum Assured is payable on each Policyanniversary from the policy anniversary coincidingwith or next following the date of death, till the endof policy term to the nominee child.
• Another lump sum equal to Basic Sum Assured withLoyalty 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 Illness Rs.50000/- Maximum of 5 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
Rs. 25000/- Rs.50 lakh overall limit, taking into account ABSA under all existing Benefit Sum
Assured (ABSA)
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)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)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)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 A nkurJeevan A nkurJeevan A nkurJeevan A nkur , , , ,
because it conveys the m ost im portant because it conveys the m ost im portant because it conveys the m ost im portant because it conveys the m ost im portant
m essage to your child m essage to your child m essage to your child m essage to your child –m essage to your child m essage to your child m essage to your child m essage to your child –
• That he/she is the prim e focus of your life.That he/she is the prim e focus of your life.That he/she is the prim e focus of your life.That he/she is the prim e focus of your life.
• That savings are im portant.That savings are im portant.That savings are im portant.That savings are im portant.
• That security is im portant.That security is im portant.That security is im portant.That security is im portant.
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 • 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.
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