Komal Jeevan Policy

Komal Jeevan Policy


Product summary:
This is a Children’s Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.

Commencement of risk cover:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured. Alternatively, the premium may be paid in one lump sum (Single premium).

Guaranteed Additions:
The policy provides for theGuaranteed Additions at the rate of  Rs.75 per thousand Sum Assured for each completed year. The Guaranteed Additions are payable at the end of the term of the policy or earlier death of the Life Assured.

Loyalty Additions:
This is a with-profit plan and participates in the profits of the Corporation’s life insurance business.  It gets a share of the profits in the form of loyalty additions which are terminal bonuses payable along with death or maturity benefit. Loyalty addition may be payable depending on the experience of the Corporation.

Source : licindia.in

3 Comments on "Komal Jeevan Policy"

  1. pls send me the details of komal jeeven policy,its benifits,maturity,and the amount detail which i will get.

  2. i want to purchase a policy komal jeewan for my son his age is 1 year and sum assured 500000/- how much premium i have to pay

  3. Child age 11
    client want to maturity when child age 19
    client age 45
    what will be suitable plan for this client you will sent me

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