Premium Ceasing Age : 45 Premium Ceasing Term : 0

Plan Highlights
Features
• LIC’s Jeeavn Kishore Life Insurance Policy: Under this children’s plan the child becomes the owner of the policy automatically the age of 18 years. The plan offers high bonus from day one itself and the risk on the policy commences after 2 years of policy or on completion of 7 years of age, whichever is later.
• Also no medical examination of the child is required if his/her age is below 10 year
Special Features
This is a with profit policy, but bonus for the waiting period will vest immediately on the policy anniversary from when risk is covered or at the end of 5 years from commencement of the policy whichever is later, provided the policy is in force.
No medical examination is necessary if the age of the child is less than 10 years (last birthday). Else medical examination will be necessary
Benefits
Survival Benefits:
Upon survival the policy holder will get, the full sum assured plus accrued bonus and the final addition bonus.
Death Benefits:
The sum assured along with vested bonuses and final additional bonus, if any, will be payable on maturity or on earlier death provided death occurs on or after commencement of risk.
Suitable for:
Parents of children who want to provide a lump sum amount at a particular age of the child.
The amount can be used for any given need of the child such as marriage or start in life.

Premium Mode Options:  Monthly, Quarterly, Half Yearly, Yearly, Single

Contact us for free quotes on LIC’s Insurance for Kids: Jeevan Kishore Endowmnet Life Insurance policy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs.

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

Premium Ceasing Age : 18 Premium Ceasing Term : 0

Guaranteed Addition of Rs. 75.00 per 1000

Plan Highlights
Features
LIC’s Komal Jeevan Plan allows 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 instalments at age 18, 20, 22, 24 as also guaranteed and loyalty additions, if any, at the age of 26. (Children Child Kids Baby Boy Girl Money Back Type Insurance Plan Policy by LIC of India.)
Special Features
• In most cases, father would be the proposer under the plan. But, if the mother of the child has income of her own i.e. female category I and II she can also propose under the plan. If both parents are not alive, then the legal guardian can propose under the plan.
• Risk under this plan will commence either after 2 years from the date commencement of the policy or from the policy anniversary immediately following the completion of 7 years of age, whichever is later.
• No medical examination of the life assured is required.
• Policy shall automatically vest in the life assured on the policy anniversary immediately after the life assured attains majority.
Benefits
Survival Benefits:
The Sum Assured under this plan will be paid in installments at periodic intervals provided the policy is in force for full sum assured as under:
• 20% of the Sum Assured on the policy anniversary immediately after the life assur attains the age of 18 years.
• 20% of the Sum Assured on the policy anniversary immediately after the life assur attains the age of 20 years.
• 30% of the Sum Assured on the policy anniversary immediately after the life assur attains the age of 22 years.
• 30% of the Sum Assured on the policy anniversary immediately after the life assur attains the age of 24 years.
Guaranteed Additions:
Guaranteed Addition of Rs 75 per thousand is payable per annum at the age of 26 at the end of each policy year. This will be added to the policy provided the policy is in full force.
Loyalty Addition:
Loyalty Additions will also be payable on maturity or on death after the commencment of the risk under the policy based on the rates declared from time to time , depending on the experience of the Corporation in LIC Komal Jeevan Plan/ Children Plans.
Premium Waiver Benefit:
Premium waiver benefit can be availed by the proposer under this plan for which additional premium will be payable. Lives up to the age of 50 (nearer birthday) are eligible, subject to normal underwriting requirements.
Term Rider Benefit:
Term Rider Benefit can be availed by the proposer to the extent of 20% of the basic Sum Assured under the policy not exceeding Rs.100000/-. The benefit will be payable in case the proposer dies before the policy anniversary on which the child completes 18 years. Lives up to the age of 50(nearer birthday)are eligible for this benefit subject to normal underwriting requirements
Death Benefits:
In the event of unfortunate death during the term, after the commencement of risk but before policy matures, the sum assured together with guaranteed additions is payable without any deduction or adjustment for the amount that may have been paid earlier by way of instalment benefits.
Accident Benefit:
This Plan will not be eligible for accident or permanent disability benefits.  

To view Examples/ Illustrations on LIC’s Komal Jeevan Presentation Click here.

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

Contact us for free quotes on LIC’s Insurance for Kids Child Komal Jeevan Children Life Insurance policy. Our LIC of India’s Authorised Agent/ Insurance Advisor/Consultant will Contact you within 24 hrs.