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| LIC launches new plan 'Jeevan Ankur' | | | EARLY TIMES REPORT
MUMBAI, Jan 23: As another step forward in its endeavour to provide innovative products and services to the Indian Public, the Life Insurance Corporation of India has launched a new Plan, LIC's Jeevan Ankur. The product is specially designed to meet the educational and other needs of the child. A conventional, with profits plan, Jeevan Ankur, is the most suitable insurance plan for parents who have a child aged up to 17 years, for this plan ensures that their responsibilities are met under all circumstances, without depending on anyone else. The plan covers the risk on the life of the parent and the named child shall be the nominee under the plan. The Minimum Age at entry for a parent is 18 years (completed) while the maximum Age is 50 years (nearest birthday). The maximum Age at entry for child who is to be named nominee under the policy is 17 years ( last birthday). The term under the policy is decided according to the age of the child. The minimum term would be (18 - age of child) or 8 years whichever is higher and the maximum term would be (25-age of child) years. The minimum Sum Assured is Rs 1 lakh while there is no upper limit. The policy can be purchased with a Single Premium or alternatively, premiums can be paid regularly through yearly, half-yearly, quarterly or monthly (through ECS only) or SSS mode over the term of the policy.
Meanwhile, LIC has once again, won the Golden Peacock Innovative Product / Services Award - 2011 for its Health Insurance Product "Jeevan Arogya", a comprehensive family health insurance plan. The award was decided by an eminent Jury under the Chairmanship of Justice P N Bhagwati, former Chief Justice of India and member UN Human Rights Commission. |
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