Jeevan Chhaya Policy

Jeevan Chhaya Policy

Product summary:
This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.

Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the earlier death.

Bonuses:
This is a with-profits plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year.  Once declared, they form part of the guaranteed benefits of the plan. Bonuses for full term on the full Sum assured are paid at the end of the term even if death occurs during policy term. Final (Additional) Bonus may also be payable provided policy has run for certain minimum period.

Source : licindia.in

4 Comments on "Jeevan Chhaya Policy"

  1. Pl check my balance premium and inform me above mail address My Policy No 263973676 (JIVAN CHHAYA) & Policy No 263080785.

    Thanks & Regards

    Sunil Lad

  2. jodh ram rathore | July 22, 2011 at 7:34 am | Reply

    my policy no.382338723 policy status detail

  3. jodh ram rathore | July 22, 2011 at 7:00 am | Reply

    policy no.382338729

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