Lic komal jeevan plan details

LIC Komal Jeevan Plan Details

Product Summary:

LIC Komal Jeevan is a children's money-back plan that provides financial protection against death during the term of the plan with periodic payments on survival at specified durations. The plan can be purchased by any of the parent or grandparent for a child aged 0 to 10 years.

Key Features:

Guaranteed additions at the rate of Rs. 75 per thousand Sum Assured for each completed year.
Loyalty additions, as declared by the Corporation from time to time.
Survival benefits paid at the age of 18, 20, 22, and 24 years.
Death benefit paid in case of the child's death during the policy term.
Surrender value available after completing 3 policy years.

Benefits:

Survival Benefits:

At the age of 18 years - 20% of the Sum Assured.
At the age of 20 years - 20% of the Sum Assured.
At the age of 22 years - 30% of the Sum Assured.
At the age of 24 years - 30% of the Sum Assured.

Death Benefit:

In case of the child's death during the policy term, the Sum Assured along with guaranteed additions and loyalty additions, if any, is paid to the beneficiary.

Surrender Value:

After completing 3 policy years, the policy can be surrendered and the policyholder will receive a surrender value. The surrender value will be the higher of the guaranteed surrender value or the special surrender value.

Eligibility Criteria:

The child's age should be between 0 and 10 years at the time of policy purchase.
The parent or grandparent of the child must be between 18 and 60 years of age at the time of policy purchase.

Policy Term:

The policy term is 25 years.

Premium Payment Modes:

The premium can be paid in a lump sum or regular monthly, quarterly, half-yearly, or yearly installments.

Tax Benefits:

The premiums paid for the LIC Komal Jeevan Plan are eligible for deduction under Section 80C of the Income Tax Act, 1961. The maturity benefit and the death benefit are also tax-exempt under Section 10(10D) of the Income Tax Act, 1961.

Note: The LIC Komal Jeevan Plan is no longer available for new purchases. However, those who have already purchased the plan can continue to enjoy its benefits.

[Note : This is isn't lic original website. This is only shear things ]

Here is video

Comments

The Power of Words: Exploring LIC's Iconic Slogans

The Life Insurance Corporation of India (LIC) has used various slogans over the years to promote its services and create awareness about life insurance. Some of the popular slogans used by LIC include: 1. "Zindagi ke saath bhi, zindagi ke baad bhi" - This slogan emphasizes that LIC provides financial security and support during life as well as after life. 2. "Yeh pal humara hai" - This slogan highlights that LIC is there to safeguard and cherish the precious moments of life. 3. "Zindagi ke sath bhi, zindagi ke baad bhi" - Similar to the first slogan, this phrase conveys that LIC stands by its customers through all stages of life. 4. "Behtar tohfa hai jiwan, jiwan ka" - This slogan suggests that life insurance from LIC is the best gift one can give to themselves and their loved ones. 5. "Humara apna khata" - This phrase implies that LIC is like a trusted account holder for your financial security. 6. &quo

basic understanding of stock market

Here's a basic understanding of the stock market: A. What is it? The stock market is a network of exchanges where investors buy and sell shares of ownership (stocks) in publicly traded companies. Think of it as a giant marketplace where companies raise money by selling ownership stakes, and investors buy those stakes hoping they'll increase in value. B. Key players: Companies: They issue shares to raise capital for growth and operations. Investors: Individuals or institutions buying and selling shares. Stock exchanges: Platforms like the NYSE or Nasdaq where shares are traded. Brokers and advisors: Help investors buy and sell shares. C. How it works: Companies publicly sell shares through an initial public offering (IPO) . Investors buy shares hoping they'll rise in price, allowing them to sell for a profit (capital gains). The price of a stock fluctuates based on supply and demand, influenced by company performance, economic factors, and market

The Step-by-Step Guide to Converting Your LIC Policy to Paid Up

To change over your LIC (Life Insurance Corporation of India) strategy to a settled up approach, you want to follow these means: Check Strategy Arrangements: In the first place, survey your LIC strategy reports to decide whether it is qualified for transformation to a settled up approach. Regularly, conventional taking part strategies that have gained an acquiescence esteem are qualified for change. Contact LIC or Your Representative: Contact your closest LIC branch or reach out to your insurance specialist to start the method involved with switching your contract over completely to a settled up status. They will direct you through the necessary advances and documentation. Fill the Application: You might have to finish up an application structure given by LIC to demand the change of your strategy to a settled up arrangement. This structure will require your approach subtleties and your mark. Pay Any Forthcoming Charges: On the off chance that you have any forthcoming expenses, you migh

life Insurance

Search This Blog