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MouthShut Score

85%
3.92 

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LIC's Komal Jeevan
Apr 09, 2005 11:28 PM 31357 Views
(Updated May 12, 2005 04:11 PM)

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Simply to define this policy is ''A best gift for a child''


This policy is suitable for parents who wants to secure money for there children?s higher education. It can be availed by parents having children aged between 0 to 10 years.


Returns:


20% on policy anniversary after completing age 18


20% on policy anniversary after completing age 20


30% on policy anniversary after completing age 22


30% on policy anniversary after completing age 24


Guaranteed additions: Payable along with sum assured either on death within the term or on policy anniversary after attaining age 26 years. The policy has to be kept in full force at Rs.75 per thousand for each policy year to receive this benefit.


Death Benefit:


In case of death of life assured before the commencement of risk, the policy is cancelled and premiums paid are refunded.


After the commencement of risk, if the life assured dies before policy matures, full sum assured plus guaranteed additions are payable without deduction of earlier installment benefits paid.


Covers Father's Insurance


guaranted returns @ 75/.. which is rarer in any financial Instrument in India,


this policy assures definate returns of money at desired time even if you are not around to protect your child.


Best option is ''single premium'', that is too with India's Public Sector Life Insurance Co. ''Life insurance Corporation of india'', with a experience of overe 50yrs to serve the nation.


''LIC of India'' Jeevan ke Saath Bhi, Jeevan Ke baad bhi


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