LIC- Komal
Jeevan
Commencement of risk cover:
The risk commences either after 2 years from the date of
commencement of policy or from the policy anniversary
immediately following the completion of 7 years of age
of child, whichever is later.
Premiums:
Premiums are payable yearly, half-yearly, quarterly, monthly
or through Salary deductions, as opted by you, up to
the policy anniversary immediately after the life assured
(child) attains 18 years of age or till the earlier death
of the life assured. Alternatively, the premium may be
paid in one lump sum (Single premium).
Guaranteed Additions:
The policy provides for theGuaranteed Additions at the
rate of Rs.75 per thousand Sum Assured for each completed
year. The Guaranteed Additions are payable at the end
of the term of the policy or earlier death of the Life
Assured.
Loyalty Additions:
This is a with-profit plan and participates in the profits
of the Corporation s life insurance business. It gets
a share of the profits in the form of loyalty additions
which are terminal bonuses payable along with death or
maturity benefit. Loyalty addition may be payable depending
on the experience of the Corporation.
Other LIC Plans for Children
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