Komal Jeevan
Proposer : Mr.X Age: 32 Years
Policy Holder : Mr. Y Age: 0 Year.
Policy Amount: Rs.1,00,000/-
Policy Term: 18 yrs.
Premium Amounts:
Payment Mode | Premium |
Yearly | Rs.7626 /- |
Half Yearly | Rs.3852 /- |
Quarterly | Rs.1946 /- |
Features:
This is an excellent children money back policy with Guaranteed Addition that is highly useful for the higher education of the children balancing the inflation level.
- The premium amount has to be paid only up to the 18th age of the child.
- Guaranteed Addition is provided at the rate of Rs.75/- per thousand Sum Assured.
- Full Sum Assured is returned in regular intervals after the 18th age of the child so that it can be useful for the child’s higher education.
Maturity Benefits:
At the end of Age | 18 | 20 | 22 | 24 | 26 |
Returns | Rs.20,000/- | Rs.20,000/- | Rs.30,000/- | Rs.30,000/- | Rs.1,95,000/- + LA, if any (GA+LA, if any) |
What is paid for 26 years | What your child gets | |
Yearly | Rs.1,37,268/- - T.B for 26 years | SA – 1,00,000 (On Regular Returns)+ GA – 1,95,000 (@ Rs. 75 per 1000 SA for 26 years.)+ LA, if any = Rs.2,95,000 + LA, if any. |
Half Yearly | Rs.1,38,672/- - T.B for 26 years | |
Quarterly | Rs.1,40,112/- - T.B for 26 years |
T.B – Tax Benefits: The Net Taxable Annual income can be reduced to a great extent by subtracting the annual premium paid from the net taxable income.
L.A – Loyalty Addition: Based on the experience of LIC this amount will be given.
G.A – Guaranteed Addition: This amount will be given definitely by LIC.
Policy Holder will also be provided Premium Waiver Benefit + Term Rider Benefit in the given premium amount.
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Your post is great ,very informative and detailed about LIC Komal Jeevan. I stumbled upon something similar that could help the people to plan their insurance according to their needs & budget.
ReplyDeletehi samarjeet,
ReplyDeleteif u have any information on any lic policies i recommend you to post it. I will try to help you.
Hi
ReplyDeletewhich is the best among komal jeevan, jeevan Kishore & jeevan chaya for child insurance
ReplyDelete