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Untitled Document
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Jeevan Anurag
Benefits
LIC’s Jeevan ANURAG is a with profits plan specifically
designed to take care of the educational needs of children. The
plan can be taken by a parent on his or her own life. Benefits
under the plan are payable at prespecified durations irrespective
of whether the Life Assured survives to the end of the policy
term or dies during the term of the policy. In addition, this
plan also provides for an immediate payment of Basic Sum Assured
amount on death of the Life Assured during the term of the policy.
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Assured Benefit
Payment of 20% of the Basic Sum
Assured at the start of every year during last 3 policy years before
maturity. At maturity, 40% of the Basic Sum Assured along with reversionary
bonuses declared from time to time on full Sum Assured for the full
term and the Terminal bonus, if any shall be payable. For example,
if term of the policy is 20 years, 20% of the Sum assured will be
payable at the end of the 17th,18th, 19th year and 40% of the Sum
Assured along with the reversionary bonuses and the terminal bonus,
if any, at the end of the 20th year. |
Death
Benefit
Payment of an amount equal to Sum
Assured under the basic plan immediately on the death of the life
assured. |
Eligibility Conditions
and Other Restrictions
For Basic
Plan |
| Age at entry |
Age of the Life Assured- 20 to 60 years (age nearest
birthday) |
| Age of the Life Assured at maturity |
Maximum 70 years (age nearest birthday)
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| Term |
All terms from 10 to 25 years. In case of single premium mode
minimum term shall be 5 Years. |
| Minimum Sum Assured |
Rs. 50,000 /- |
| Maximum Sum assured |
No limit. Sum Assured will be in multiples
of Rs.5,000 /- only. |
| Mode |
Yearly, Half-yearly, Quarterly, Monthly or through salary
deductions in case of regular premiums. |
For Term
Assurance Rider |
| Age at entry |
Age of the Life Assured- 20 to 50 years (age nearest
birthday) |
| Age of the Life Assured at maturity |
Maximum 60 years (age nearest birthday) |
| Term |
NIL |
| Minimum Sum Assured |
Rs. 1,00,000 /- |
| Maximum Sum assured |
An amount equal to the Sum Assured under Basic Plan subject
to the maximum of Rs. 25 lakh overall limit taking all term
assurance riders availed under all existing policies of the
life assured and the term assurance rider under the new proposal
into consideration. |
| Mode |
NIL |
| The Term Assurance Rider Sum Assured will be in
multiples of Rs.25,000 /-. |
For Critical
Illness Rider |
| Age at entry |
Age of the life Assured- 20 to 50 years (age nearest
birthday) |
| Age of the Life Assured at maturity |
Maximum 60 years (age nearest birthday) |
| Term |
NIL |
| Minimum Sum Assured |
Rs. 50,000 /- |
| Maximum Sum assured |
An amount equal to the Sum Assured under Basic Plan subject
to the maximum of Rs. 5 lakh overall limit taking all critical
illness riders availed under all existing policies of the life
assured and the critical illness rider under the new proposal
into consideration. |
| Mode |
NIL |
| The Critical Illness Rider Sum Assured
will be in multiples of Rs.10,000/- |
Rebates/Extra for mode of Premium Payment
and High Sum Assured
Mode rebate: 2% for yearly mode and 1% for half yearly mode on the
tabular premium. There are no rebates for quarterly and SSS modes.
For monthly mode, 5% extra will be charged on the tabular premium.
Large Sum Assured Rebate: Rs. 2%o
Sum Assured for Sum Assured Rs.1,05,000/- and above. No rebate for
Sum Assured up to and including Rs.1,00,000/-. No rebate is available
(either made) on the rider premiums. |
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