Facebook Twitter Google RSS

LIC Jeevan Ankur Life Insurance Plan for Parents

New Delhi, 23 January 2012: Life Insurance Corporation of India (LIC) has launched Jeevan Ankur, its first life insurance product in which children as direct beneficiaries.

LIC’s Jeevan Ankur is a conventional with profits plan, specially designed to meet the educational and other needs of your child. If you are the parent of a child aged upto 17 years, LIC’s Jeevan Ankur is the most suitable insurance plan for you which ensures that your responsibilities are met whether you survive or not and without depending on anyone else.

The risk cover under this plan will be on your life as a parent and the named child shall be the nominee under the plan. The policy term shall be based on the age at maturity of the child.

a) Minimum Sum Assured                               :   Rs. 100,000

b) Maximum Sum Assured                              :   No Limit

                  (The Sum Assured shall be in multiples of Rs. 5000/-)

c) Minimum Age at entry for Life Assured   : 18 years (completed)

d) Maximum Age at entry for Life Assured  : 50 years (nearest birthday)

e) Maximum Maturity Age for Life Assured : 75 years (nearest birthday)

f) Minimum Age at entry for child                : 0  years (last birthday)

g) Maximum Age at entry for child               : 17 years ( last birthday)

h) Minimum Term                                        : Higher of (18 – age of child, 8) years

i) Maximum Term                                       : (25 – age of child) years

For more details visit http://www.licindia.in

Featured Update

Nokia launches Nokia X, Nokia X+ and Nokia XL Android Smartphones

25 February 2014: Nokia has announced the launch of Android smartphones in the Mobile World Congress held at Barcelona, Spain. The company ...