LIC’s JEEVAN ANKUR PLAN No. 807
Salient Features of the plan:
• A must plan for all parents.
• Parent is the Life Assured, child is the Beneficiary.
• Insurance Benefit = Sum Assured + Income Benefit + Maturity Benefits.*
• Maturity Benefit = Sum Assured + Loyalty additions.
• Plan available for parents of a new born child also.
• Three Riders to customize your policy.
o Accident Benefit Rider
o Critical Illness Benefit Rider
o Premium Waiver Benefit Option under Critical Illness Rider.
• Conventional with profit plan.
* On death of the Life Assured, Basic Sum Assured shall be payable immediately followed by Income Benefit in addition to this all Maturity Benefits shall be payable on the scheduled date of Maturity.
Income Benefit is equal to 10% of the Basic Sum Assured and is payable on each Policy Anniversary from the policy anniversary coinciding with or next following the date of death, till the end of the policy term.
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