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.
