LIC Jeevan Ankur
It is a traditional with profits plan which provides cover on parent’s life and policy terms are decided according to the child’s age.
Key features
- Maturity date depends upon the age of child.
- If you want to save for marriage – 25 years (child’s age) would be ideal
- If you want to save for Education- 18 years (child’s age) would be ideal
- Maximum entry age of child is intelligently set at 17 Years and minimum policy term as 8 years allowing you to save for your child’s marriage (expected age of marriage is after your child reaches 25 years).
- Double benefit: on death as well as on maturity
- Income benefit: 10% of SA
- Riders available: Accidental Benefit Rider & Critical Illness Rider
- Loyalty Additions
Eligibility Conditions
| Minimum | Maximum | |
| Sum Assured | Rs. 1,00,000 | No Limit |
| Policy Term | Higher of
|
When child completes 25 years |
| Premium Payment Term | Equal to Policy Term | |
| Entry Age of Life Insured | 18 Years | 50 Years |
| Entry Age of Child | 0 | 17 Years |
| Payment modes | Single, Yearly, Half-Yearly, Quarterly, Monthly & SSS | |
Benefits
|
Death Benefits |
||||
| If life assured dies during policy term |
|
|||
| If the child dies | The policy will continue the life assured could nominate another person | |||
| If the child dies after life assured’s death | The policy shall continue and the benefits shall be payable to the legal heir(s). | |||
|
Maturity Benefit |
||||
In case of maturity (whether the life assured is alive or not), the beneficiary will receive
(Loyalty additions are not guaranteed. It depends upon the company’s performance) |
||||
|
Rider Benefit |
||||
|
Name |
Description |
Minimum benefit |
Maximum benefit |
|
|
Accident Benefit |
|
Rs. 25,000 |
Rs. 50,00,000 |
|
|
Critical Illness |
|
Rs. 50,000 |
Rs. 5,00,000 |
|
Sample premium Rates:
Following are some of the sample premium rates (exclusive of service tax) per Rs. 1000/- S.A.:
|
Single Premium |
||||
|
Age |
Policy term |
|||
|
10 |
15 |
20 |
25 |
|
| 20 |
615.45 |
494.95 |
405.95 |
348.00 |
|
30 |
618.80 |
503.35 |
422.10 |
375.30 |
|
40 |
638.75 |
541.60 |
483.60 |
463.60 |
|
Annual Regular Premium |
||||
|
Age |
Policy term |
|||
|
10 |
15 |
20 |
25 |
|
| 20 |
90.65 |
56.45 |
39.70 |
31.10 |
| 30 |
91.20 |
57.50 |
41.35 |
33.50 |
| 40 |
94.70 |
62.35 |
47.80 |
41.75 |
Possibly Related Posts:
- Birla Child Dream Plan | Features | Benefits
- Birla SunLife Classic Child Plan | Features | Benefits
- Birla SunLife Bachat Child Plan | Features | Benefits
- BSLI Empower Pension Plan | Features | Benefits | Charges
- Birla SunLife Insurance Dream Life Plan | Features | Benefits
- BSLI Classic Life Plan | Features | Benefits
- BSLI Premium Back Term Plan | Features | Benefits
- BSLI Future Guard Plan | Features | Benefits | Premium
- Birla Sun Life Protector Plus Plan
- Birla Sun Life Protector Plan | Benefits | Features | Premium