L IC s Jeevan A nkur. P lan N o. 807

Transcription

1 L IC s Jeevan A nkur P lan N o. 807

2 Features A must plan for all parents. Parent is the Life Assured, child is the Beneficiary. Death Benefit = Sum Assured + Income Benefit + Maturity Benefit *. Maturity Benefit = Sum Assured + Loyalty addition. * On death of the Life Assured, Basic Sum Assured shall be payable immediately followed by Income Benefit, in addition to this all Maturity Benefits will be payable on the scheduled date of Maturity.

3 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.

4 Eligibility conditions Particulars Minimum Maximum Entry Age Life Assured (Parent) 18 years 50 years Entry Age for child 0 years 17 years Term Maximum (18 minus age of child, 8) years 25 minus age of child Sum Assured Rs /- No limit

5 Eligibility conditions & Rebates Particulars Conditions Premium Payment mode Other Conditions Single Premium, yearly, half-yearly, Quarterly, Monthly (ECS & SSS) Sum Assured shall be in multiples of Rs. 5000/- Tabular Premium (TP) Mode rebate Yly Hly 2% TP 1% TP Service Tax shall be payable by the policyholders on Single / Installment Premium as and when premiums are due.

6 Eligibility conditions & Rebates High Sum Assured Rebate Mode SA in lacs SA Single Premium Upto Nil 2 to >5 lacs 6.00 Regular Premium Upto Nil 2 to > 5 lacs 3.00

7 Benefits MATURITY BENEFIT An Amount equal to Sum Assured plus Loyalty Additions, if any. ***** The Maturity Benefit is also paid to nominee along with Sum Assured and Income Benefit payments in event of Death of the Life Assured.

8 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 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. Another lump sum equal to Basic Sum Assured with Loyalty Addition, if any, on the maturity date

9 Eligibility conditions Critical Illness Rider Particulars Minimum Maximum Entry Age 18 years 50 years Policy Term Maturity Age Regular 10 years Single 8 years As per basic plan 60 years Critical Illness Rs.50000/- Maximum of 5 Sum Assured (CISA) lakh overall limit under all existing policies and new proposals Other Conditions CISA shall be in multiples of Rs.10000/- PWB option can be availed provided the BSA = CISA.

10 Eligibility conditions Accident Benefit Rider Particulars Minimum Maximum Entry Age 18 years 50 years Maturity Age As per Basic Plan 70 years Accident Benefit Sum Assured (ABSA) Other Conditions Rs /- Rs.50 lakh overall limit, taking into account ABSA under all existing policies, i.e. Individual,Group and new proposals. The policies may be from LIC or any other insurance company. AB Premium shall Re The ABSA shall be in multiples of Rs.5000/-. This Benefit is available under Regular Premium policies only.

11 Benefit Illustration Particulars Age Term Mode Premium Description 35 years 25 years Yearly Sum Assured Maturity 6% Maturity 10% Death Benefit 3587/- ( Exclusive of Service Tax) payable immediately on every policy anniversary after death till maturity. All Maturity Benefits payable on Maturity

12 Benefit Illustration Particulars Age Term Mode Premium Description 35 years 10 years Yearly Sum Assured Maturity 6% Maturity 10% Death Benefit 9055/- ( Exclusive of Service Tax) payable immediately on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

13 Benefit Illustration Particulars Age Term Mode Premium Description 35 years 25 years Single Sum Assured Maturity 6% Maturity 10% Death Benefit 40900/- ( Exclusive of Service Tax) payable immediately on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

14 Benefit Illustration Particulars Age Term Mode Premium Description 35 years 25 years Single Sum Assured Maturity 6% Maturity 10% Death Benefit 62565/- ( Exclusive of Service Tax) payable immediately on every policy anniversary after death till maturity All Maturity Benefits payable on Maturity

15 Reasons to Buy Jeevan A nkur, because it conveys the m ost im portant m essage to your child That he/she is the prim e focus of your life. That savings are im portant. That security is im portant.

16 Reasons to Buy Monetary Benefits of the plan shall enable your child to meet important financial expenses during his/her growing-up years. The immediate payment of amount equal to the Sum Assured will help meet financial needs that arise on demise of the Life Assured. Continued benefit of 10% of SA on every policy anniversary till Maturity is helpful in meeting educational expenses from time to time.

17 Reasons to Buy Plus the Maturity Benefits of Basic Sum Assured and Loyalty Additions, if any shall be available on maturity irrespective of your survival. You can customize your plan through Accidental Benefit Rider and Critical Illness Rider as additional security is always an added advantage.