Life Insurance Corporation of India’s Jeevan Anurag is 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.
Life Insurance Corporation of India’s Jeevan Anurag is 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 this Life insurance plan are payable at specified durations irrespective of whether the Life Assured survives to the end of the policy term. 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 revisionary 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.