Lic jeevan anurag 168

Children areChildren are
God’s Gift to ParentsGod’s Gift to Parents
Gift a present to your child that lasts longGift a present to your child that lasts long
... Long enough to meet his future’s needs... Long enough to meet his future’s needs
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IllustrationsIllustrations

LIC of India presents Jeevan Anuraag
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Your child’s future is always
Your No. 1 priority

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Watching and helping children grow from
new borns…..new borns…..
to toddlers….to toddlers….
to teenagers….to teenagers….
to confident young men and womento confident young men and women
is a joyous experience for parents.
But, it also brings great responsibility to
provide the best upbringing and education.

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1) Borrow from Banks or other financial institutions
2) Withdraw from savings planned for other purposes
3) Let go opportunities for child’s desired education
due to lack of finances.
4) Start planning early to finance the desired education.
What are the options for a parent, when
need arises to provide finance for
children’s education ?
Every parent will certainly would like to choose option (4)

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Ever rising education costs.
Demands on accumulated savings
Lower interest rates
Ever rising costs of living, health care,
travel, entertainment etc. which makes
it difficult to set aside lump sum
amount for future needs.
Uncertainties of life
Challenges faced by parents in
pursuit of dreams for their children

Jeevan Anuraag
A policy on your life
for your child’s benefit
A plan that guarantees
A pre-specified sum
At pre-specified dates
Notwithstanding uncertainties of life

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 Ideal for providing for future higher
education of children.
 Flexible premium payment options, term
assurance, critical illness, accident death
and disability cover and premium waiver
benefit.
 Flexible terms available from 10 to 25
years term. 5 years term available for
single premium.
AttractionsAttractions

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 Policy participates in profits and vested
bonus along with terminal bonus, if any,
shall be paid at maturity or death, if
earlier.
 Premiums can be paid throughout the
term or for term less 3 years or by single
premium.
 Loan is available under the policy
before payment of assured benefits
commence.

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 Maturity can be planned to coincide with
the financial requirements of the child’s
career.
 Assured benefitAssured benefit of 20% of sum assured at
the start of every year during last 3 years
before maturity and 40% of basic sum assured
along with vested bonuses at the time of
maturity
 Death CoverDeath Cover : Payment of basic sum assured
immediately on death of life assured.

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Who can avail of this plan ?
Those who are aged between 20 & 60 years
(aged nearest birthday)
What are the policy terms allowed ?
All terms from 10 to 25 years. In case of single
mode, minimum term shall be 5 Years.
What is the maximum Sum Assured ?
No limit. But depends on income.
What are the premium modes available ?
Premium can be paid in quarterly, half yearly
and yearly modes.
Features of Basic PlanFeatures of Basic Plan

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The plan offers following optional riders on payment of additional
premium and subject to the eligibility conditions mentioned below:
a) Accidental Death and Disability Benefit:
These benefits are available for an amount not exceeding sum assured
under the basic plan subject to overall cover of 25 lakh under all
policies of the life assured with the Corporation taken together.
b) Term Assurance Rider Benefit
This benefit is available for an amount not exceeding sum assured
policies of the life assured with the Corporation taken together.

c) Critical Illness Rider Benefit
This benefit is available for an amount not exceeding sum assured
policies of the life assured with the Corporation taken together. If
Premium Waiver Benefit is opted for, then in case of diagnosis by any
of the critical illness conditions covered under the policy, the total
future premiums in respect of the policy will be waived. Sum Assured
under such policies will not exceed Rs 5 lakh.
OPTIONAL RIDER BENEFITS

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Who can avail of this rider?
Those who are aged between 20 to 50 years (age nearest
birthday)
What is the maximum age at maturity allowed
Maximum 60 years (age nearest birthday)
For how much Sum Assured is this rider available?
Minimum : Rs. 1 lakh. Maximum : 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. The Term
Assurance Rider Sum Assured will be in multiples of Rs.25,000 /- only.
Features of Term Assurance RiderFeatures of Term Assurance Rider

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Who can avail of this rider ?
Those who are aged between 20 to 50 years (age nearest
birthday)
What is the maximum age at maturity allowed
Maximum 60 years (age nearest birthday)
For how much Sum Assured is this rider available?
Minimum : Rs. 50,000 Maximum : An amount equal to the
Sum Assured under Basic Plan subject to the maximum of Rs.
5 lakh overall limit taking all term assurance riders availed
under all existing policies of the life assured and the critical
illness rider under the new proposal into consideration. The
Critical Illness Rider Sum Assured will be in multiples of
Rs.10,000 /- only.
Features of Critical Illness RiderFeatures of Critical Illness Rider

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Who can avail of this rider ?
Those who have opted for the critical illness
rider and sum assured under the basic plan is
equal to the critical illness rider sum assured.
What are the benefits if the rider is availed ?
In case, the life assured is diagnosed with any of
the critical illnesses covered under the plan,
total future premiums in respect of the policy
are waived provided policy is in full force.
Features of Premium Waiver Benefit OptionFeatures of Premium Waiver Benefit Option

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OPTIONS OF PAYMENT OF PREMIUM:
Following premium paying terms are offered:
1. Single Premium- One Year
2. Regular Premium payable during (n-3)
Years, where n is the policy term.
3. Regular Premium payable throughout the
policy term.

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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 bonus 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.
Benefits

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End
of
Year
Total
premium
paid
Benefit payable on earlier death /survival
up to end of the policy term
Guarantee
d
Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
22 1,01,332 21,000 0 0 21,000 21,000
23 1,05,938 21,000 0 0 21,000 21,000
24 1,10,544 21,000 0 0 21,000 21,000
25 1,15,150 42,000 72,975 1,91,625 1,14,975 2,33,625
Illustration 1:Illustration 1:
Age at entry (Life Assured): 35 years ; Policy Term: 25 years
Premium paying term: 25 years ; Mode of premium payment: Yearly
Sum Assured: Rs.1,05,000/-
Bonus Assumptions:
Regular Bonus -    Rs. 21 per thousand S.A at 6% rate of return
                               Rs. 55 per thousand S.A at 10% rate of return
Terminal Bonus -    Rs. 170 per thousand S.A at 6% rate of return
                               Rs. 450 per thousand S.A at 10% rate of return
Annual Premium : Rs.4,606/-

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End
of
Year
Total
prem.
paid
Benefit payable on death during the year
Guarantee
d
Variable Total
Scenario 1 Scenario 2
Scenario
1 Scenario 2
1 59,157 1,05,000 0 0 1,05,000 1,05,000
2 59,157 1,05,000 0 0 1,05,000 1,05,000
3 59,157 1,05,000 0 0 1,05,000 1,05,000
4 59,157 1,05,000 0 0 1,05,000 1,05,000
5 59,157 1,05,000 0 0 1,05,000 1,05,000
6 59,157 1,05,000 0 0 1,05,000 1,05,000
7 59,157 1,05,000 0 0 1,05,000 1,05,000
8 59,157 1,05,000 0 0 1,05,000 1,05,000
9 59,157 1,05,000 0 0 1,05,000 1,05,000
10 59,157 1,05,000 0 0 1,05,000 1,05,000
15 59,157 1,05,000 0 0 1,05,000 1,05,000
20 59,157 1,05,000 0 0 1,05,000 1,05,000
Illustration 2 :
Age at entry (Life Assured): 35 years ; Policy Term: 25 years; Single Premium: Rs.59,157
Premium paying term: One ; Sum Assured: Rs.1,05,000/-
Bonus Assumptions : Regular Bonus - Rs.24 per thousand S.A at 6% rate of return
Rs.92 per thousand S.A at 10% rate of return
Terminal Bonus - Rs.200 per thousand S.A at 6% rate of return
Contd.

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Age at entry (Life Assured): 35 years ; Policy Term: 25 years; Single
Premium: Rs.59,157 Premium paying term: One ; Sum Assured:
Rs.1,05,000/-
Bonus Assumptions :
Regular Bonus - Rs.24 per thousand S.A at 6% rate of return
Terminal Bonus - Rs.200 per thousand S.A at 6% rate of return
Additional Benefits :
End
of
Year
Total
premiu
m paid
Benefit payable on earlier death /survival upto end of the
policy term
Guarant
eed
Variable Total
Scenari
o 1
Scenario
2
Scenario
1 Scenario 2
22 59,157 21,000 0 0 0 0
23 59,157 21,000 0 0 0 0
24 59,157 21,000 0 0 0 0
25 59,157 42,000 84,000 3,21,300 1,26,000 3,63,300
ILLUSTRATIONILLUSTRATION

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i)   This illustration is applicable to a non-smoker male/female
standard (from medical, life style and occupation point of
view) life.
ii)   The non-guaranteed benefits (1) and (2) in above illustration
are calculated so that they are consistent with the Projected
Investment Rate of Return assumption of 6% p.a.(Scenario 1) and
10% p.a. (Scenario 2) respectively. In other words, in preparing this
benefit illustration, it is assumed that the Projected Investment Rate
of Return that LICI will be able to earn throughout the term of the
policy will be 6% p.a. or 10% p.a., as the case may be. The
Projected Investment Rate of Return is not guaranteed.
iii)   The main objective of the illustration is that the client is able to
appreciate the features of the product and the flow of benefits in
different circumstances with some level of quantification.
iv)   Future bonus will depend on future profits & as such is not
guaranteed. However, once bonus is declared in any year & added to
the policy, the bonus so added is guaranteed. The Maturity Benefit
is the amount shown at the end of the policy term
Illustrations : Assumptions and Disclaimer

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LIC
With Your Child
At Every Stage
In Life

Lic jeevan anurag 168

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