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LIC- Komal
Jeevan
Introduction:
This plan is specially designed to meet the increasing educational, marriage
and other needs of growing children. It provides the risk cover on the life
of child not only during the policy term but also during the extended term
(i.e. 7 years after the expiry of policy term). A number of Survival benefits
are payable on surviving by the life assured to the end of the specified
durations.
Options:
You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium
payment and Premium Waiver Benefit.
Payment of Premiums:
You may pay the premiums regularly at yearly, half-yearly, quarterly or through
Salary deductions over the term of policy. Premiums may be paid either for
6 years or upto 5 years before the policy term.
Sample Premium Rates:
Following are some of the sample premium rates per Rs. 1000/- S.A.:
| For
6 years Premium paying term |
| Age |
Maturity
Age |
|
23
|
24
|
25
|
26
|
27
|
0
|
112.55
|
108.00
|
103.65
|
99.45
|
95.45
|
4
|
132.35
|
127.00
|
121.85
|
116.90
|
112.15
|
8
|
156.20
|
149.90
|
143.85
|
138.05
|
132.45
|
12
|
184.20
|
176.85
|
169.75
|
162.95
|
156.40
|
|
| For
Premium paying term = Policy Term less
5 years |
| Age |
Maturity
Age |
|
23
|
24
|
25
|
26
|
27
|
0
|
53.10
|
49.45
|
46.20
|
43.25
|
40.60
|
4
|
71.80
|
66.90
|
61.65
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57.00
|
52.95
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8
|
107.80
|
96.30
|
86.75
|
78.75
|
71.90
|
12
|
184.20
|
155.40
|
133.90
|
117.25
|
108.05
|
|
| Yearly
mode |
- |
2%
of Tabular Premium |
| Half-yearly
mode |
- |
1%
of the tabular premium |
| Quarterly & Salary
deduction |
- |
NIL |
|
Sum Assured Rebate:
| Sum
Assured |
- |
Rebate
(Rs.) |
| 1,00,000
to 2,99,999 |
- |
Nil |
| 3,00,000
to 4,99,999 |
|
1.5
%o S.A. |
| 5,00,000
and above |
- |
2
%o S.A. |
|
Other LIC Plans for Children
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