LIC Jeevan Ankur
LIC Jeevan Ankur
The largest insurance company in India, Life Insurance Corporation of India – LIC has launched Jeevan Ankur which will be helpful the educational and future needs of children. Jeevan Ankur is an endowment policy. This policy was launched on 23.1.2012. Compared t the existing children policies, there are many benefits with Jeevan Ankur. This policy can be taken for new born babies to 17 years age children. Minimum insurance amount is decided as Rs. One lakh. Duration of the policy depends on the age of the children. Minimum time limit is eight years and maximum is 25 years. Sum assured will be paid after the maturity of the police along with loyalty addition. Life of mother or father who is paying the premium will have insurance coverage. Children will only be nominees. If unfortunately there is death of the person who is paying the premium the child who is the nominee will be paid the sum assured and for the remaining period, the policy will continue even when the premium is not paid.
Jeevan Ankur of LIC also pays ten percent of the insurance coverage amount every year. If any unexpected thing happens to the child during the policy period, there will not be any payments. Premiums have to be paid till the completion of maturity period. Another child or a person can be appointed as nominee.
LIC Jeevan Ankur policy is available as a single premium policy and regular premium policy. Jeevan Ankur also offers accidental benefit rider, critical illness rider with an additional premium.
