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LIC_Jeevan_Saral
Child Insurance
LIC Child Insurance Plan is an Endowment Assurance Plan available for children of less than 12 years of age.
The policy can be purchased by any of the parent/grand parent
Jeevan Saral
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LIC Senior Citizen Pension Insurance Plan allow the policyholder to make provision for regular income after the selected term.
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LIC Jeevan Anurag Plan
This plan is designed specifically to take care of your child’s education needs. This plan is an Assured Benefit and Death Benefit plan. On death of the Life Insured, the Sum Assured is paid immediately to the nominee and all future premiums are waived off, but the policy continues. Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity, and on maturity the remaining 40% of the Sum Assured along with the bonus would also be paid, irrespective of whether the life insured is alive or not.
Our Advice
This is a good policy for whom who want to provide funds for their child’s education or marriage, or their own retirement, and bachelors can also purchase this plan. Thus, it is a Double Benefit Plan as the Sum Assured is paid twice if the Life Insured dies. These features make this a very suitable child plan as the child does not suffer from lack of money for education purpose, even if the Life Insured does not survive till the end.
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Key features of LIC Jeevan Anurag Plan
1) This is a Double Benefit Plan.
2) On Maturity the remaining 40% of the Sum Assured along with the bonus would be paid.
3) Premium needs to be paid till maturity and in case of an early death, future premiums are waived off.
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Benefits by LIC Jeevan Anurag Plan
Survival Benefits: On Survival of the Life Insured, he receives 20% of basic Sum Assured at start of every year during last 3 policy years before maturity.
Death Benefit: In case of death of Insured, the nominee would get the Sum Assured immediately. Future Premiums would be waived and 20% of Basic Sum assured at start of every year during last policy years before maturity benefit would also be paid.
Maturity Benefit: On maturity, life assured or nominee gets the remaining 40% of Sum Assured plus the
Bonus.Income Tax Benefit: Insurance premiums paid upto Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C.
Eligibility Conditions for LIC Jeevan Anurag Plan
Minimum
Maximum
Sum Assured (in Rs.)
50,000
No Limit
Policy Term
5 years for Single Premium,
10 years for Regular Premium
25 years
Entry Age of Policyholder
20 years
60 years
Age at Maturity
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70 years
Payment modes
Single, Yearly, Half-Yearly, Quarterly & Monthly
Additional Features & Benefits of LIC Jeevan Anurag Plan
1. Accidental Death & Disability Benefit.
2. Premium Waiver Benefit for Critical Illness.
Get policy now - LIC Online form. Have more queries drop in mail info@insurancenindiamart.com or Contact us
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- 91-9810150489
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