LIC Jeevan Ankur

LIC Jeevan Ankur (Plan no.807) is a latest insurance plan for the children. LIC Jeevan Ankur gives multiple financial assistance to your child when he/she needs in growing up years. In this plan parent is the Life Assured and child is the Beneficiary.

LIC Jeevan Ankur Features:

• Jeevan Ankur is the must plan for all parents.
• Option of single premium/Regular premium
• Parent is the Life Assured, child is the Beneficiary.
• Death Benefit= Sum Assured + Income Benefit + Maturity Benefit*
• Maturity Benefit= Sum Assured + Loyalty addition, if any.
• Plan available for parents of a new born child also
• 3 Riders to customize Jeevan Ankur policy

1. Accident Benefit Rider
2. Critical Illness Benefit Rider( With an additional option of Premium Waiver Benefit)
3. Conventional with profits plan.

Death Benefits:

Immediate payment of an amount equal to the Basic Sum Assured plus income benefit plus maturity benefit*

* 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.

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, on the maturity date.

Eligibility conditions for Jeevan Ankur:

Particular	Minimum	Maximum
Entry Age Life Assured (Parent)	18 Years	50 Years
Entry Age for child	0 Year	17 Years
Policy Term	18 minus age of child, or 8 years min.	25 minus age of child.
Sum Assured	Rs.100000/-	No Limit

Premium modes:

Single Premium, yearly, half-yearly, Quarterly, Monthly (ECS & SSS)

LIC Jeevan Saral

• High life risk cover at very low premium.
• 100% of Maturity Sum Assured in case of surrender after 5 years.
• Guaranteed Surrender Value after policy being in force at least for 3 years.
• Premiums are payable monthly, quarterly, half-yearly or yearly.
• Liquidity & a lot of flexibility.
• Maturity amount payable at policy maturity will be Tax Free under section 10-10d of income Tax act.
• Premium paid in LIC is exempted under section 80c of income Tax act.
• Higher cover available through Term Riders.
• Death cover is same irrespective of age at entry and term.
• Loan available after 3 years @ 9% p.a.
• Policy period is extended after 10 years and you can withdrawal your money any time without any extra charges.
• Death Benefits is 250 times of monthly premium + Total premium paid, less 1st year's premium & Extra premium paid + Loyalty Addition if any payable in lump sum.

LIC ATM Plan

Jeevan Saral from LIC is one of the best plan with having great benefits of higher risk cover, liquidity, smooth returns and great flexibility. The LIC Jeevan Saral Policy gives you death cover same irrespective of all age at entry and term.

Death cover can be double of Sum Assured using riders. The Jeevan Saral ATM Plan allows you to withdrawal your money after 10 years with full maturity benefits plus Loyalty additions, if any or you can get guaranteed surrender value before maturity if policy has been in force at least for 3 years. Jeevan Saral LIC policy is basically an Endowment Assurance plan and you can pay premiums according to your comfort monthly, Quarterly, Half yearly or yearly.

LIC Jeevan Saral Review

No doubt there are great saving plans like recurring deposit schemes, PPF and many more but when it comes to Jeevan saral ATM plan, there is no substitute. Recurring deposit can give you assured rates of interest but not tax savings and risk cover. PPF plans can you give tax savings but not death benefits. So think before you invest. If it comes to payment frequency or tax saving or risk cover all comes only with Jeevan Saral ATM plan only.

LIC Jeevan Saral Surrender Value

You get guaranteed surrender value 80% of Maturity Sum Assured if policy has completed 3 or more years, 90% of the Maturity Sum Assured if policy has completed 4 or more years and 100% of the Maturity Sum Assured if 5 or more years premiums have been paid.

LIC Jeevan Saral Policy Premium Chart
Basic Premium		250	500	1000	2000	3000	4000	5000	6000	7000	8000	9000	10000
Plus DAB		5	10	21	42	63	83	104	125	146	167	188	208
Net Monthly(with DAB)		255	510	1021	2042	3063	4083	5104	6125	7146	8167	9188	10208
Net Quarterly(With DAB)		766	1531	3063	6125	9188	12250	15313	18376	21438	24500	27563	30625
Net Half Yrly (with DAB)		1516	3033	6065	12130	18195	24260	30325	36390	42455	48520	54585	60850
Net Yearly (with DAB)		3002	6005	12010	24020	36030	48040	60050	72060	84070	96080	108090	12100
SUM Assured (10 Yrs)		62500	125000	250000	500000	750000	1000000	1250000	1500000	1750000	2000000	2250000	2500000
S.A. + DAB		125000	250000	500000	1000000	1500000	20000000	2500000	3000000	3500000	4000000	4500000	5000000

LIC Jeevan Anand

Jeevan Anand Lic Policy

If you are interested in having a life insurance policy then lic jeevan anand plan is best suited for your needs. In this particular plan, you will be able to find a blend of “Whole Life Insurance” and “Endowment Assurance.” This plan will help you to secure your future against death and if any case you survive after the end of the term, then you will be getting a lump sum amount.   With details about this plan you can know and understand how much you have to invest and how much you will be getting in case of your survival. This is the best plan, which is a assurance to your family of having a financial backup in case of your accidental death.

You can select a premium payment time as per your requisite. You can pay the premium, “Annually”, “Half-Yearly” or “Monthly.” You can even select payment mode as direct deduction from your salary. You have to pay this premium for the time, which you have selected. Premium payment mode and selection of type is given in the jeevan anand lic policy details.

“LIC” or “Life Insurance Corporation of India” also attains maximum profit from this plan. Profit is in face of “Bonus” that LIC is getting. As per sum assured, LIC gets an annual bonus, which is per thousand of the sum assured. This bonus is given after end of each financial year. Until the time of maturity of policy or death of a person, LIC will be entitled to get this bonus every year. An added bonus is also provided after completion of a certain period.

Benefits Of LIC Jivan Anand

There are different advantages, which as a person you can avail of lic jeevan anand plan. Some of the benefits are mentioned below:

In Case Of Survival At The End Of Plan:

You will be getting an assured amount at the end of this plan in case of your survival. After your death, your family will be a getting an additional sum assured.

Accidental Advantages:

In case of your accidental death up to the age of “Seventy” an amount of Rs five Lacs is payable. If you are disabled because of this accident, you will be getting this amount in installments.

Added Advantages:

Some extra or added advantages can be linked with your current plan, which you can utilize as per your requirement. Amount of your premium will increase once you get some added advantages to your policy.

Value Of Surrender:

Having a life insurance policy is easy, but maintaining it is difficult. If in any case you want to discontinue your life insurance policy after a certain amount of time, then you can do so as on payment of a surrender value.

Guaranteed Value Of Surrender: 

With jeevan anand lic policy details, you will come to know about period after which you can surrender your policy. Minimum time for which you have to give the payment is three years and after that, thirty percent of the total premium is the guaranteed value of surrender.

Policy Of LIC On Surrender:

While surrendering the policy, LIC will be paying a special value of surrender that is equal or more than guaranteed value of surrender. Value of this payment is done after calculating the total premium, which is paid. In any case, if surrender of policy is before value of surrender is less than the total amount of premium, which is paid. Surrender value, which LIC has to pay, is revised timely depending on economic condition

You can ask your questions regarding this or any other policy and we shall discuss the same.

Many people are confused when they have to decide on which insurance policy should they select. They are often guided by agents who usually suggest the policy in which they get the maximum commission. We can discuss here some of the popular policies of LIC (and can discuss others if any one has any specific doubts) and their pros and cons which are usually not told to policyholder.