Q.
What is jeevan ankur lic plan?
Asked by vinay sharma,
23 Feb '12 12:47 pm
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Answers (4)
1.
LIC Jeevan Ankur Plan is a child benefit Endowment Plan where the parent is the Life Insured and the child is the nominee. In this plan, premium needs to be paid till the end of the policy tenure. The Sum Assured + the Loyalty Additions would be paid as Maturity Benefit irrespective of whether the Life Insured is alive or not.
However, if the Life Insured, i.e. the parent dies within the policy tenure, the basic Sum Assured is paid as Immediate Death Benefit and the policy continues. There is a further payment of 10% of the Sum Assured every year from the date of death of the Life Insured till the end of the policy tenure as Income Benefit. The Maturity Benefit is paid when the policy tenure is over. This policy has 2 additional riders available.
However, if the Life Insured, i.e. the parent dies within the policy tenure, the basic Sum Assured is paid as Immediate Death Benefit and the policy continues. There is a further payment of 10% of the Sum Assured every year from the date of death of the Life Insured till the end of the policy tenure as Income Benefit. The Maturity Benefit is paid when the policy tenure is over. This policy has 2 additional riders available.
Source: http://bimaessential.com/jeevan-ankur/
Answered by sumit taxali, 23 Feb '12 12:52 pm
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2.
Its a Traditional child Insurance plan from LIC,
keeping children's future by insuring the parents
Answered by Asha, 23 Feb '12 12:50 pm
keeping children's future by insuring the parents
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