JEEVAN ANURAG
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  • Features

  • Benefits
    • Text Box: LIC’s Jeevan ANURAG is a with profits plan specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life. Benefits under the plan are payable at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. In addition, this plan also provides for an immediate payment of Basic Sum Assured amount on death of the Life Assured during the term of the policy. Assured Benefit: Payment of 20% of the Basic Sum Assured at the start of every year during last 3 policy years before maturity. At maturity, 40% of the Basic Sum Assured along with reversionary bonuses declared from time to time on full Sum Assured for the full term and the Terminal bonus, if any shall be payable. For example, if term of the policy is 20 years, 20% of the Sum assured will be payable at the end of the 17th,18th, 19th year and 40% of the Sum Assured along with the reversionary bonuses and the terminal bonus, if any, at the end of the 20th year. Death Benefit: Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.
    BENEFITS
    Text Box: Eligibility Conditions: FOR BASIC PLAN : FOR TERM ASSURANCE RIDER: The Term Assurance Rider Sum Assured will be in multiples of Rs.25,000 /-. FOR CRITICAL ILLNESS RIDER: The Critical Illness Rider Sum Assured will be in multiples of Rs.10,000 /-. REBATES/EXTRA FOR MODE OF PREMIUM PAYMENT AND HIGH SUM ASSURED Mode rebate: 2% for yearly mode and 1% for half yearly mode on the tabular premium. There are no rebates for quarterly and SSS modes. For monthly mode, 5% extra will be charged on the tabular premium. Large Sum Assured Rebate: Rs. 2%o Sum Assured for Sum Assured Rs.1,05,000/- and above. No rebate for Sum Assured up to and including Rs.1,00,000/-. No rebate is available (either made) on the rider premiums.
    FEATURES
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    Insurance Helpline-

    0-9818716151

    Mutual Fund Helpline-

    0-9910311120

    Age at entry

    Age of the Life Assured- 20 to 60 years (age nearest birthday)

    Age of the Life Assured at maturity

    Maximum 70 years (age nearest birthday)

    Term

    All terms from 10 to 25 years. In case of single premium mode minimum term shall be 5 Years.

    Minimum Sum Assured

    Rs. 50,000 /-

    Maximum Sum assured

    No limit. Sum Assured will be in multiples of Rs.5,000 /- only.

    Mode

    Yearly, Half-yearly, Quarterly, Monthly or through salary deductions in case of regular premiums.

    Age at entry

    Age of the Life Assured- 20 to 50 years (age nearest birthday)

    Age of the Life Assured at maturity

    Maximum 60 years (age nearest birthday)

    Term

    NIL

    Minimum Sum Assured

    Rs. 1,00,000 /-

    Maximum Sum assured

    An amount equal to the Sum Assured under Basic Plan subject to the maximum of Rs. 25 lakh overall limit taking all term assurance riders availed under all existing policies of the life assured and the term assurance rider under the new proposal into consideration.

    Mode

    NIL

    Age at entry

    Age of the life Assured- 20 to 50 years (age nearest birthday)

    Age of the Life Assured at maturity

    Maximum 60 years (age nearest birthday)

    Term

    NIL

    Minimum Sum Assured

    Rs. 50,000 /-

    Maximum Sum assured

    An amount equal to the Sum Assured under Basic Plan subject to the maximum of Rs. 5 lakh overall limit taking all critical illness riders availed under all existing policies of the life assured and the critical illness rider under the new proposal into consideration.

    Mode

    NIL