LIC Jeevan Chhaya

LIC’s Jeevan Chhaya Table/ Plan No 103: Closed for Sale

  Term Age Sum Assured
Minimum 18 18 50000
Maximum 25 47 No Limits

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

To view Example/ Illustrations Review Premium Chart Calculation for Various Kind of Options Plan Presentaion on Jeevan Chhaya Policy in detail Click here.

11 Comments

  • By SWATANTRA GUPTA, September 20, 2010 @ 10:34 am

    i want to know about jeevan ananda and jeevan chaya my ph no is 09013297350,09958330184(delhi)

  • By p narsimha, October 2, 2010 @ 9:28 pm

    please send the details of this

  • By Prashant Gotmare, November 1, 2010 @ 4:04 pm

    Please give me details of jeevan Chaya of table no 102, 121

  • By ravi, July 30, 2011 @ 7:00 pm

    best lic plans for 8yr. old girl child

  • By admin, August 11, 2011 @ 6:11 pm

    every plans have their individual features you have to decide just what kind of assumption are yours?

  • By amarjeet singh, January 13, 2012 @ 3:18 pm

    Want to know children education investment plan.

  • By Jaswant, January 25, 2012 @ 4:13 pm

    Please Send the LIC Child Plan

    Thanks & Regards
    Jaswant

  • By priya shukla, July 31, 2012 @ 11:38 pm

    dear sir, plz. suggest best policy for my one month old daughtr.waiting ur reply today.thanks

  • By admin, August 1, 2012 @ 10:22 am

    Go for LIC Komal Jeevan or Jeevan Kishore Plan.

  • By Neelam, March 12, 2013 @ 11:58 pm

    Plz suggest best policy for my 4 months baby

  • By MR. JAYSING, July 28, 2013 @ 5:16 am

    jeevan chhaya s.a.5,00,000 age30-child age 3months complit and jeevan saral monthly 2000/- full presentation and detail information

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