JEEVAN ANKUR

This is a conventional with profits plan which is specially designed to meet the educational and other needs of the child. This plan is allowed to the parents who have a child upto the age of 17 years last birthday. The risk cover under the plan will be on the life of the parent who will be the Life Assured. Policy term based on the age of the child.
Minimum Age     : 18 years completed
Maximum Age    : 50 years
Minimum child age : 0 years
Maximum child age : 17 years (last birthday)
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : No Limit
(Critical Illness rider, Premium Waiver benefit & Accident Benefit rider available)
BENEFIT
On death of life assured
In case of death of the Life Assured during the policy term, Basic Sum Assured is payable immediately on death. In addition an 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 & end of the term Basic Sum Assured & Loyalty Addition are payable.
On Maturity
Basic Sum Assured & Loyalty Addition are payable. 

Loan : NO Loan

ECONOMIC TIMES 12/03/2012

GET JEEVAN COVER AND HIGHER "VRIDDHI" IN MATURITY GAINS

Investors who do not currently have a term plan and are looking out for a comprehensive investment cum insurance plan can consider LIC's Jeevan Vriddhi. As compared to the highest return currently offered by a Bank FD (9.25 % by SBI for 10 years), Jeevan Vriddhi offers better gains on maturitly if one were to adjust the Bank FD's returns for premium paid for term plan and income tax at the highest tax slab.

LIC'S CHILD PLAN'S

1.   CHILD CAREER & CHILD FUTURE (184/185)
2.   JEEVAN KISHORE (102)
3.   KOMAL JEEVAN (159)
4.   JEEVAN CHHAYA (103)
5.   JEEVAN ANURAG (168)
6.   JEEVAN ANKUR (807)

NEW

LIC's Jeevan Vriddhi

ELIGIBILITY CONDITIONS AND OTHER RESTRICTIONS: 

a)      Minimum Entry Age                          : 8 years (completed)

b)      Maximum Entry Age                         : 50 years (nearest birthday)

c)      Minimum Basic Sum Assured            : Rs.150, 000/-

d)     Maximum Basic Sum Assured           : No Limit

e)      Minimum Premium                           : Rs. 30,000/- + Service Tax

            Premium shall be available in multiples of Rs. 1,000/-.

f)       Policy Term                                        : 10 years

g)      Premium payment mode                    : Single premium only

h)  Guaranteed Maturity Sum Assured : The Guaranteed Maturity Sum Assured will depend on the single premium payable and the age at entry of the life to be assured.

INCENTIVE FOR HIGHER PREMIUM:

Incentive for higher single premium by way of increase in the Guaranteed Maturity Sum Assured is as under:

Premium (excluding extra premium)	Increase in Guaranteed Maturity Sum Assured
Below Rs.50,000	Nil
Rs.50,000 to Rs. 99,000	1.25%
Rs.1,00,000 and above	3.00%

LOAN:

Loan facility will be available under this plan, after completion of one policy year.

 Death benefit: On death, Basic Sum Assured shall be payable. The Basic Sum Assured shall be 5 times the Single Premium excluding extra premium, if any.