1. LIC’S JEEVAN ANKUR
(Plan No. 807)

2. Why insurance for children?
Children are a great joy for parents
But the joy also brings along great responsibilities with it

3. Planning/Funding all these??
Why insurance for children?
Great challenges are always a part of responsibilities
Planning/Funding all these??
Your dreams for
your child

4. Why LIC’S JEEVAN ANKUR?

5. Features
• Conventional with profits plan
• Specially designed to meet educational & other needs of child.
• Allowed to the parents who have a child upto the age of 17 years last birthday.
• Risk cover will be on the life of the parent who will be the Life Assured.

6. Features the child • Policy term shall be based on the age of
• No insurance coverage on the life of
the child
• Policy term shall be based on the age of
• Child will be the nominee under the plan
• The term of the policy can be chosen
so that on the date of maturity age of
the child is in the range 18 to 25 years
last birthday.

7. Eligibility (25 – age of child) years Rs.1,00,000/-
Minimum Age at Entry for LA
18 years (completed)
Maximum age entry for LA
50 years (nearest birthday)
Minimum Age at entry for child
0 years (last birthday)
Maximum Age at entry for child
17 years (last birthday)
Minimum Term
Higher of (18 – age of child, 8) yrs
Maximum Term
(25 – age of child) years
Minimum Basic Sum Assured
Rs.1,00,000/-
Maximum Basic Sum Assured
No Limit

8. Benefits payable on maturity
Assured maturity benefit = Basic Sum Assured + Loyalty Addition, if any

9. Benefits payable on death
On death of the Life Assured
Lump sum amount equal to Basic Sum Assured is payable on the scheduled maturity date of the policy
along with Loyalty Addition
Basic Sum Assured payable
immediately on death.
Income benefit equal to 10% of the Basic Sum Assured
is payable on each policy anniversary

10. Benefits payable on death... contd
On death of child, when Life Assured is alive
Option to nominate another child/person and the policy will continue with the same benefit payable to new nominee/legal heirs after the death of the Life Assured during the term of the policy.
On death of child/nominee after Life Assured’s death
The policy shall continue and the benefits shall be payable to the legal heir(s) till the end of policy term.

11. Riders available Accident Benefit Rider
Available as optional rider premium at the rate of Rs per thousand Accident Benefit Rider Sum Assured
Maximum of Rs.50 lakh overall limit
Critical Illness Benefit Rider : Amount equal to the Critical Illness Rider Sum Assured will be payable
Maximum cover - Rs.5 lakhs under all policies of the LIC
CI Rider Sum Assured shall also not exceed the SA under the Basic Plan.
Benefit available provided the policy matures on or before the Life Assured attains 60 years of age.
Premium Waiver Benefit Option under Critical Illness Rider:
optional benefit under Regular Premium policies which may be opted if
(i) The Critical Illness rider has been opted for, &
(ii) The SA under the Basic Plan is equal to the Critical Illness Rider Sum
Assured
(iii) The chosen policy term is such that the policy matures on or before the Life Assured
attains 60 years of age.

12. Surrender Value Single Premium Policies Regular Premium Policies
Guaranteed Surrender Value
Single Premium Policies
Available after completion of atleast 1 policy year
and is equal to 90% of the premium paid excluding
extra premium, if any
Regular Premium Policies
Available after completion of 3 policy years and atleast 3 full year's premiums have been paid &
is equal to 30% of the total premiums paid excluding the premiums paid for the first year
and all premiums in respect of optional rider(s) and extras, if any

13. Why LIC? • LIC's net profit for year 2010-11-Rs.1,172 crore
• India's largest life insurance company
• LIC's net profit for year Rs.1,172 crore
• Dividend paid to Govt of India for the year Rs 1,138 crore

14. Why LIC?
Established 121 new offices in year 2011 whereas private insurance companies closed 593 offices in (Source IRDA annual report )

15. Why LIC?
Outstanding claim performance % of claims paid in

16. Children are God's gift to parents
Gift your child a bright future in form of Jeevan Ankur
A gift that will last long.. really long enough to meet
their future needs