LIC's Jeevan Anurag

Almost all Indians are aware about LIC and it is management by Indian government authorities where public investment toward LIC won't affect and it will be 100% fully safe and secure what they invested with them for.

LIC has a lot of different policies and benefits for assured & nominees. One of them is Jeevan Anurag for children.

It just like saving and secure for the parents for children's benefit while he/she mature for their education and when they need money for education and future.

LIC's Jeevan ANURAG is a with profits plan specifically purposed to take care of the educational needs for the children.

This plan can be taken by a parent on his or her own life. Benefits under the plan are payable at pre-specified period on 15years or 20years etc. irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of this 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.

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.