LIC Jeevan Ankur Plan is a Traditional Plan with profits. This is a child benefit Endowment Plan where the parent is the Life Insured and the child is the nominee. This plan has been especially designed so that the benefits are payable for the child’s future even if the parent does not survive till the end of the policy tenure
Key Feature of LIC Jeevan Ankur
1) Here the Parent is Life Assured, compared to other Children plan the Child is life Assured
2) This is a endowment plan with Loyalty Additions
3) In case of death of the Life Insured within the policy tenure, Sum Assured is paid immediately and 10% of the Sum Assured is paid every year till the end of the Policy Tenure as Income benefit facility
4) When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.
5) This policy offers Loyalty additions on the policy maturity irrespective of whether the Life Insured is alive or not.
6) You can take 3 Different Rider (Accident, Critical Illness, And Premium Wavier)
7) There is large Sum Assured rebate in this plan
8) The premium is little high compared for a traditional Life Plan. For a person aged 35 if he take policy for 25 years for sum insured for Rs 1,00,000/-, Premiumis is only Rs 358/-+ service tax
Benefits you get from LIC Jeevan Ankur Plan
Death Benefit – In case of death of the Life Insured, i.e. the Parent, immediate Death Benefit of the Sum Assured is paid to the nominee + 10% of Sum Assured is also paid on every policy anniversary till the end of the policy term as Income Benefit
Maturity Benefit – When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.
Maturity Benefit = Basic Sum Assured + Loyalty Additions, if any.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity benefit is tax free under section 10(10)D provided all conditions have been fulfilled.
Should you opt for the policy?
Yes, because of the high risk, rider options to avail and the death benefit for the Life assured it is a good plan.
Key Feature of LIC Jeevan Ankur
1) Here the Parent is Life Assured, compared to other Children plan the Child is life Assured
2) This is a endowment plan with Loyalty Additions
3) In case of death of the Life Insured within the policy tenure, Sum Assured is paid immediately and 10% of the Sum Assured is paid every year till the end of the Policy Tenure as Income benefit facility
4) When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.
5) This policy offers Loyalty additions on the policy maturity irrespective of whether the Life Insured is alive or not.
6) You can take 3 Different Rider (Accident, Critical Illness, And Premium Wavier)
7) There is large Sum Assured rebate in this plan
8) The premium is little high compared for a traditional Life Plan. For a person aged 35 if he take policy for 25 years for sum insured for Rs 1,00,000/-, Premiumis is only Rs 358/-+ service tax
Benefits you get from LIC Jeevan Ankur Plan
Death Benefit – In case of death of the Life Insured, i.e. the Parent, immediate Death Benefit of the Sum Assured is paid to the nominee + 10% of Sum Assured is also paid on every policy anniversary till the end of the policy term as Income Benefit
Maturity Benefit – When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.
Maturity Benefit = Basic Sum Assured + Loyalty Additions, if any.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity benefit is tax free under section 10(10)D provided all conditions have been fulfilled.
Should you opt for the policy?
Yes, because of the high risk, rider options to avail and the death benefit for the Life assured it is a good plan.
What about komal Jeevan and Jeevan Chaya plans?
Komal Jeevan is a Money Back policy for children, comparing to Jeevan Ankur, Jeevan Ankur is better to the High Risk and the parent being Life Insured.
For Jeevan Chayya and Jeevan Kishore, the risk is started little later. Even the death benefit is not good as compared to Jeevan Ankur. Also, the option for adding 3 riders, none of the plans have.
Jeevan Ankur policy will never terminate if 3 years of Premium has been paid. Only the Sum Assured will reduce so you basically do not lose your money and yet the cover exists.
For more details call us at 9810150489 or visit http://www.insuranceindiamart.com/
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