KOMAL JEEVAN LIC PLAN FOR CHILDERN

LIC of India :Komal Jeewan Plan for Children.

Feature:-

LIC now introduces a new plan to take care of these needs – A Komal Jeevan Plan with payment of premium ceasing on policy anniversary immediately after the child attains 18 years of age. The plan, besides offering risk cover , also offers payment of Sum Assured in installments at age 18,20,22,24 and Guaranteed and Loyalty additions, if any, at the age 26.

Eligibility:-

Minimum Age at entry - 0 years             Maximum Age at entry - 10 years
Maturity age - 26 years
Mode of Premium - Single premium, Yearly, Half-yearly, Quarterly, Salary Savings Scheme.

Minimum Sum Assured - Rs.1,00,000/-                  Maximum Sum Assured - Rs.25,00,000/-

Guaranteed Surrender Value:

This policy can be surrendered for cash after expiry of 3 policy years, provided at least 3 years’ premiums have been paid under an annual premium policy or the premium under Single Premium Policy. The Guaranteed surrender value allowable under this policy is –

(a) Annual Premium Policy:

Before the date of commencement of risk : 90% of the premiums paid excluding the premiums paid during the first year.

a) Annual Premium Policy:

Before the date of commencement of risk : 90% of the premiums paid excluding the premiums paid during the first year.

(b) Single Premium Policy:

The surrender value will be 90% of the Single Premium.

Guaranteed Additions:

Rs.75 per thousand Sum Assured per annum at the end of each policy year will be added to the policy by way of guaranteed additions provided the policy is in full force,

The Guaranteed Additions will be payable

(i) on death or

(ii) on maturity i.e. on policy anniversary immediately after the Life Assured attains the age of 26 years, provided the risk has commenced under the policy.

Contact for insurance:- Sanjay Tomer

                                  09466423767