draft jeevan ankur

8/11/2019 Draft Jeevan Ankur

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LICs Jeevan nkur

Plan No. 807


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LICs 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

Critical Illness Benefit Rider( With an

additional option of Premium Waiver Benefit) Conventional with profits plan.


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LICs 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 (18minus age of

child, 8) years

25 minus age

of child

Sum Assured Rs.100000/- No limit


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LICs 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.


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LICs Jeevan Ankur (Plan no. 807)Eligibility conditions & Rebates

High Sum Assured Rebate

Mode SA in lacs SA

SinglePremium

Upto 1 . 95 Nil

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


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LICs 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 .


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LICs 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

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


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LICs Jeevan Ankur (Plan no. 807) Eligibility conditions Critical Illness Rider

Particulars Minimum Maximum Entry Age 18 years 50 years Policy Term Regular 10 years

Single 8 years As per basic plan

Maturity Age 60 years Critical IllnessSum Assured (CISA)

Rs.50000/- Maximum of 5lakh overall limitunder all existing

policies and newproposals Other Conditions CISA shall be in multiples of Rs.10000/-

PWB option can be availed provided theBSA = CISA.


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LICs 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

AccidentBenefit SumAssured(ABSA)

Rs. 25000/- Rs.50 lakh overall limit, taking intoaccount ABSA under all existingpolicies, i.e. Individual,Group andnew proposals. The policies may befrom 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.


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LICs 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 immediately

10000 on every policy anniversary afterdeath till maturity.All Maturity Benefits payable on Maturity


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Particulars Description Age 35 years Term 10 years Mode Yearly Premium 9055/- ( Exclusive of Service Tax) Sum Assured 100000

Maturity Value @ 6% 100000

Maturity Value @ 10% 120000 Death Benefit 100000 payable immediately

10000 on every policy anniversary afterdeath till maturity

All Maturity Benefits payable on Maturity


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Particulars Description Age 35 years Term 25 years Mode Single Premium 62565/- ( Exclusive of Service Tax)Sum Assured 100000 Maturity Value @ 6% 100000

Maturity Value @ 10% 136000 Death Benefit 100000 payable immediately

10000 on every policy anniversary afterdeath till maturity

All Maturity Benefits payable on Maturity


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LICs Jeevan Ankur (Plan no. 807)Reasons to Buy

Monetary Benefits of the plan shall enable yourchild to meet important financial expensesduring his/her growing-up years.

The immediate payment of amount equal to theSum Assured will help meet financial needsthat arise on demise of the Life Assured.

Continued benefit of 10% of SA on every policyanniversary till Maturity is helpful in meetingeducational expenses from time to time .


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LICs Jeevan Ankur (Plan no. 807)Reasons to Buy

Plus the Maturity Benefits of Basic SumAssured and Loyalty Additions, if any shallbe available on maturity irrespective ofyour survival.

You can customize your plan throughAccidental Benefit Rider and Critical IllnessRider as additional security is always anadded advantage.

draft jeevan ankur

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