LIC- Jeevan
Chhaya
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly
or through salary deductions as opted by you throughout
the term of the policy or till the earlier death.
Bonuses:
This is a with-profits plan and participates in the profits
of the Corporation s life insurance business. It gets
a share of profits in the form of bonuses. Simple Reversionary
Bonuses are declared per thousand Sum Assured annually
at the end of each financial year. Once declared, they
form part of the guaranteed benefits of the plan. Bonuses
for full term on the full Sum assured are paid at the
end of the term even if death occurs during policy term.
Final (Additional) Bonus may also be payable provided
policy has run for certain minimum period.
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