LIC’s Jeevan Ankur policy review and details

  LIC’s Jeevan Ankur policy review and details : In lic there is best police is LIC’s Jeevan Ankur policy here we gave the details of review and details LIC’s Jeevan Ankur policy is designed to provide the proper security for the future of Childe it may be any need like higher education, marriage etc.This policy is very much suitable for the children around 17 years once the parent get this policy risk will cover for  insured parent life and  children as well as a nominee  irrespective of parent survival. In the event of  insured parents death in the policy period Assured amount will be paid to children then  10% of the assured amount will be paid every year to the children till the maturity on the maturity period total assured amount will be paid to the children. If the insured children and parent death in the policy tenure the assured amount will be paid to the legally hired person. In the event of Childrens death you assign the same policy to another children with same benefits of the policy.

The age criteria to get this policy is minimum 18 years and the maximum age is 50 years the maturity is 75 years. Minimum Assured amount would be 1 lakh and there is no limit for maximum limit(assured amount would be multiply of Rs.5000). you can pay premium in single, quarterly,half-yearly and yearly. If you want pay on monthly basis you need to pay by ECS. 
If you want surrender  this policy you need to pay atleast 3 year premiums regularly then you can get   30% of the premiums paid  by excluding the first year premium. Paid-up facility also there is this policy if you paid 3 premiums regulary  and rest of the premiums is not paid the policy will not end  it will continue by reducing the assured amount assured amount will be paid at maturity or before death of insured one.
In this policy Accidental and critical illness rider also available  by paying additional premium
 The is no loan and income tax benefits in this policy,


 Illustration of  premium Rates(Source LIC ):
 Following are some of the sample premium rates (exclusive of service tax) per Rs. 1000/- S.A.:

Single Premium
Age
Policy term

10
15
20
25
         20
615.45
494.95
405.95
348.00
30
618.80
503.35
422.10
375.30
40
638.75
541.60
483.60
463.60






Annual Regular Premium
Age
Policy term

10
15
20
25
       20
90.65
56.45
39.70
31.10
       30
91.20
57.50
41.35
33.50
      40
94.70
62.35
47.80
41.75





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