LICS JEEVAN ANKUR (Plan No.

807)

Features
Conventional

with profits plan

Specially designed to meet educational & other needs of child.

Allowed to the parents who have a child upto the age of 17 years last birthday. Risk cover will be on the life of the parent who will be the Life Assured.

Features
No

insurance coverage on the life of the child

Policy term shall be based on the age of the child Child will be the nominee under the plan The term of the policy can be chosen so that on the date of maturity age of the child is in the range 18 to 25 years last birthday.

Eligibility
Minimum Age at Entry for LA Maximum age entry for LA Minimum Age at entry for child 18 years (completed) 50 years (nearest birthday) 0 years (last birthday)

Maximum Age at entry for child

Minimum Term

17 years (last birthday)

Higher of (18 age of child, 8) yrs

Maximum Term
Minimum Basic Sum Assured Maximum Basic Sum Assured

(25 age of child) years

Rs.1,00,000/No Limit

Benefits payable on maturity

Assured maturity benefit = Basic Sum Assured + Loyalty Addition, if any

Benefits payable on death

On death of the Life Assured Lump sum amount equal to Basic Sum Assured is payable on the scheduled maturity date of the policy along with Loyalty

Basic Sum Assured payable immediate ly on

Income benefit equal to 10% of the Basic Sum Assured is payable on each

Benefits payable on death... contd

On death of child, when Life Assured is alive Option to nominate another child/person and the policy will continue with the same benefit payable to new nominee/legal heirs after the death of the Life Assured during the term of the policy. On death of child/nominee after Life Assureds death

The policy shall continue and the benefits shall be payable to the legal heir(s) till the end of policy term.

Riders available
Accident Benefit Rider Available as optional rider premium at the rate of Rs. 0.50 per thousand Accident Benefit Rider Sum Assured Maximum of Rs.50 lakh overall limit Critical Illness Benefit Rider :
Amount equal to the Critical Illness Rider Sum Assured will be payable
Maximum cover - Rs.5 lakhs under all policies of the LIC. CI Rider Sum Assured shall also not exceed the SA under the Basic Plan. Benefit available provided the policy matures on or before the

Premium Waiver Benefit Option under Critical Illness Rider:

optional benefit under Regular Premium policies which may be opted if (i) The Critical Illness rider has been opted for, & (ii) The SA under the Basic Plan is equal to the Critical Illness Rider Sum Assured (iii) The chosen policy term is such that the policy matures on or before the Life Assured attains 60 years of age.

Surrender Value
Guaranteed Surrender Value

Single Premium Policies Available after completion of atleast 1 policy year and is equal to 90% of the premium paid excluding extra premium, if any

Regular Premium Policies Available after completion of 3 policy years and atleast 3 full year's premiums have been paid & is equal to 30% of the total premiums paid excluding the premiums paid for the first year and all premiums in respect of optional rider(s) and extras, if any