LIC Jeevan Chhaya

LIC’s Jeevan Chhaya Table/ Plan No 103:

Premium Ceasing Age : 65 Premium Ceasing Term : 0

Plan Highlights
Features
•LIC’s Jeevan Chaaya Policy is Ideal for parents having less than a year old child.
• Makes provision for education! marriage of the baby boy girl child/ daughter.
• Extra benefit of waiver of premium in case of death of the policy holder.
Special Features
This policy is given under non-medical scheme up to sum assured of Rs.1 lakh, if the prospect is having a child of less than one year of age as on date of registering the proposal. This non-medical is exclusive for other policies.
Benefits
Short term needs like family provision in case of premature death of the policyholder and long term needs like education and marriage of dependents are simultaneously fulfilled by this policy. This policy is a right choice if a person wants to provide for the marriage of his daughter. The term can be fixed so as to receive the maturity benefit when the daughter is of marriageable age. For e.g. If the policy is for 20 years then:
• At the end of 17th year – 25% of Sum assured is payable provided the policy is in force.
• At the end of 18th year – 25% of Sum assured is payable provided the policy is in force.
• At the end of 19th year – 25% of Sum assured is payable provided the policy is in force.
Survival Benefits:
Maturity : At the end of 20th year – Balance 25% Sum Assured plus bonus plus additional final bonus if any.
Fixed Benefits : 25% of the Sum assured payable each year at the end of last 3 years provided the policy is in full force.
Death Benefits:
Natural : Besides the fixed benefits, an additional amount equal to the Sum assured will be paid on the death of the policy holder. Further premiums waived
Accidental : Payment of double the Sum assured plus fixed benefit. Further premiums due from the policy anniversary following the date of death will stand waived.
Suitable For:
Couples having a less than one year child (not an adopted child) can avail themselves of this plan, in order to ensure that an adequate financial planning provision is made for the higher education of the child/ Kids Baby boy Girl . The child should not have completed one year of age on the date of registration of the proposal. Either father or mother or each one of them individually can take policies under this plan under Non-medical Scheme. This plan is also allowed to others subject to medical examination.

LIC of India   Komal Jeevan    Jeevan Kishore  Child Career Plan   Child Future Plan  Child Plans

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Child Career Plan

LIC Child Career Plan (Table No 184):

Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years

Features:

LIC Child Career Plan is with profits plan for children. The features of the plan are mentioned below:

o Guaranteed returns in the form of survival benefits .

o Receive 30% of sum assured 5 years before the policy maturity plus reversionary bonus.

o Receive 15% of sum assured at 4th,3rd,2nd and one year before the expiry of policy term

o On expiry of policy the policyholder will get 15% of the sum assured and Final Additional Bonus.

o Extended term of 7 years is available from the date of expiry of the policy term.

o In case of non-payment of premium after at least two full year’s premium has been paid, full
death cover shall continue for a period of 2 years from the date of first unpaid premium.

o Sum assured is available between 1 lakh and 1 crore.

o Minimum and maximum entry age 0 years and 12 years respectively.

LIC of India   Komal Jeevan    Jeevan Kishore   Jeevan Chhaya   Child Future Plan   Child Plans

For Getting Charts, Presentaion, Question, Answers, Reviews, Quotations Various kind of Options in LIC Child Career Plan, Child Unit / ULIP Plans. Type your Business querry for lic’s Child Career plans here.

LIC Child Future Plan

LIC’s Child Future Plan (Table No 185):

Premium Ceasing: Age 27 Premium Ceasing Term: 11 Years

 LIC Child Future Plan is with profits plan for children not ULIP.

The features of the plan are mentioned below:
o Guaranteed returns in the form of survival benefits.
o Receive 25% of sum assured 5 years before the policy maturity.
o Receive 10% of sum assured at 4th,3rd,2nd and one year before the expiry of policy term.
o On expiry of policy the policyholder will get 50% of the sum assured plus reversionary bonus and Final Additional Bonus.
o Extended term of 7 years is available from the date of expiry of the policy term.
o In case of non-payment of premium after at least two full year’s premium has been paid, full death cover shall continue for a period of 2 years from the date of first unpaid premium.
o Sum assured is available between 1 lakh and 1 crore.
o Minimum and maximum entry age 0 years and 12 years respectively.

LIC of India   Komal Jeevan    Jeevan Kishore   Jeevan Chhaya   Child Career Plan   Child Plans

For Getting Charts, Presentaion, Question, Answers, Reviews, Quotations Various kind of Options in LIC Child Future Plan. Type your Business querry for lic’s Child Career plans here..