KOMAL JEEVAN LIFE INSURANCE POLICY BY LIC (Table: 159)

Features of plan This is money back plan for children with guaranteed addition @ 75/- per 1000 S.A. the above policy has been introduced to provide the best education which can be very expensive for the proposer's children. The payment of premium ceases on policy anniversary immediately after the child attain 18 years of age The plan, besides offering risk cover, also offers payment of S.A. in installments at age 18, 20,22,24 and guaranteed and loyalty addition, if any, at the age of 26. Risk covers starts from the policy anniversary after completion of 7th year of the child or 2 yrs. From the commencement of the policy, whichever is later. Policy As A Gift: the close relation such as grandparents, elder brothers or sister, uncles both from paternal or maternal side can gift single premium policy for love and affection under this plan, in such cases also, the policy will be proposed by father, mother or legal guardian. No medical examination is required for the child Premium waiver benefit: Premium waiver benefit can be availed by the proposer under this plan for which addition premium will be payable. Lives up to the age of 50 (nearer birthday) are eligible, subject to normal underwriting requirements like production of proposer's standard age proof and medical exam. Of the proposer is must. Term rider benefit: term rider benefit can be availed by the proposer to the extent of 20% of the basic S.A. 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 the age of 50 (nearer birthday) are eligible for this benefit subject to normal underwriting requirements. Plan parameters Age at entry Maturity age PPT Sum assured S.A. in multiples Mode of payment Accidents benefit Policy loan Housing loan Revival Surrender of policy P.W.B. Term rider CIR : : : : : : : : : : : : : : Min.0 yrs. LBD Max.10 yrs LBD 26 yrs. LBD Min. 8 yrs. Max.18 yrs min. 1Lac Max. 25Lac 25,000 YLY/HLY/QLY/SSS/MLY & single premium N.A. N.A. N.A. yes yes yes yes N.A.

Underwriting Form no : 360 Age proof :Child 5 yrs. & above: school certificate If not5yrs. And above : Birth certificate with parent joint declaration Female lives category : I/II Non-medical : Not required for L.A. When PWB + TRB is : Medical exam. Is necessary with Opted by the proposer, Standard age proof and form no.300 Actual sum assured : Basic SA Risk coverage : SA+GA+LA Dating back @ 8% : Allowed Benefits: Maturity benefit: at the end of age 18 yrs, and 20 yrs. 20% of S.A. is paid and at the end of age 22 & 24 yrs. 30% of S.A. is paid finally, at the end of age 26 yrs G.A. + L.A. if any is paid. Example: Mr. Rahul Gandhi aged 32 yrs. Takes a komal jeevan policy for his daughter akanksha aged 4 years for Rs.2 Lac S.A. with PWB and TRB. Risk cover of baby akanksha starts from the policy anniversary after completion of 7th year. Akanksha will get Rs.40,000 as ist instalment, at the age of 18 years, then Rs.60,000 respectively finally, at the age of 26 years she will get Rs.3,30,000 as Guaranteed Addition @ 75/- per thousand + loyally addition, if any if akanksha dies after commencement of the risk i.e. 7 years maturity full S.A. i.e. Rs.2 Lac + G.A @ 75/- per thousand S.A+ L.A , if any, will be given to the nominee without deducting earlier paid installments.

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