LIC’s JEEVAN ANURAG is designed to take care of the educational needs of children. Invest today and save tax.

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JEEVAN ANURAG


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.


Survival Benefit:

On life assured surviving to the end of the specified durations an amount specified below is payable
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.

Death Benefit:

Payment of an amount equal to Sum Assured under the basic plan immediately on the death of the life assured.

TAX SAVING :
Premium paid in that financial year towards all life insurance come  with Tax rebate under Sec 80C and in case of Health insurance under sec 80D.