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