Jeevan Ankur

 

Key Features of LIC Jeevan Ankur Plan

·         This is a endowment plan with Loyalty Additions

·         In case of death of the Life Insured within the policy tenure, Sum Assured is paid immediately and 10% of the Sum Assured is paid every year till the end of the Policy Tenure as Income benefit facility

·        When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.

·        This policy offers Loyalty additions on the policy maturity irrespective of whether the Life Insured is alive or not.

·         There is large Sum Assured rebate in this plan

·         There are 2 additional riders available in this plan.

Benefits you get from LIC Jeevan Ankur Plan

Death Benefit – In case of death of the Life Insured, i.e. the Parent, immediate Death Benefit of the Sum Assured is paid to the nominee + 10% of Sum Assured is also paid on every policy anniversary till the end of the policy term as Income Benefit

Maturity Benefit – When the policy matures, the Maturity Benefit is paid irrespective of whether the Life Insured is alive or not.

Maturity Benefit = Basic Sum Assured + Loyalty Additions, if any.

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity benefit is tax free under section 10(10)D provided all conditions have been fulfilled.

CONTACT :

P.M.V SAI TEJ

9030101805.