Making more out of JEEVAN CHHAYA - An Excellent Plan

Even-though jeevan chhaya is a children plan one of the specialties of this plan is that it can be taken by bachelors also. This is somewhat peculiar to believe but this is true. Any way the policy holders can take advantage of this in a nice way. How? We can see that.



Unlike other children plans jeevan chhaya doesn't take minor people as policy holders. Only people above 18 years can propose for this policy. Here the child can only be a nominee.
One of the more exciting feature of tyis plan is that the PWB-Premium waiver benefit is coming as a default in this policy and no medical examination needed for having this particular feature. In other children plans like Komal Jeevan and Jeevan Kishore the PWB benefit is coming as a extra rider and needs extra premium. More than this a medical examination is needed for the proposer to avail this benefit.
So what is this premium waiver benefit?
As told earlier in jeevan chhaya the policy holder should be an adult and the nominee can be his child. By having this premium waiver benefit if the policy holder dies during the premium payment period ALL THE FUTURE PREMIUMS ARE WAIVED OFF AND THE POLICY AMOUNT IS PAID  TO THE NOMINEE. And further during the maturity time also the maturity amount is paid to the nominee. Personally i would suggest that this is the best children plan available.

So how we can get more out of this policy?
In jeevan chhaya the policy amount is not paid as a single payment. Instead it is paid in 4 installments during the last four years of the policy period. This the key area where we can make our benefit. If a proposer decides to take this policy for 4 lacs instead of taking this as a single policy if he takes this as 4 policies he can get a regular income for 16 years. That will be great. If he has assigned his child as a nominee even if  risk occurs his child will get the maximum benefit during his death and no future premium needs to be paid off. The child will also get the maturity benefits. A free sample presentation of this policy is also available in the blog. Make use of it.

 

Related Posts:

• Jeevan Chhaya Free Presentation
• Komal Jeevan - Example Presentation 1
• Jeevan Kishore - Example Presentation with Explanation