Life Insurance Corporation on Friday launched two schemes -- a money-back children's plan 'Jeevan Anurag' and pension with endowment plan 'Jeevan Nidhi.'

Jeevan Anurag offers money back facility of 20 per cent of the sum assured in the last three years of the policy and the balance 40 per cent is paid during maturity, LIC officials said.

Jeevan Nidhi offers life cover along with guaranteed additions of Rs 50 per thousand for five years and bonuses thereafter.

On survival, the policyholder would get a pension from the accumulated sum.

Both the policies offer riders of accidental and disability benefits, term assurance and critical illness benefits. They can be paid in the single premium mode or periodically.