LIC Komal Jeevan Plan – LIC Komal Jeevan is not generally sold by the LIC of India. It was initially planned as a youngster protection intend to assist guardians with making a security net while likewise putting something aside for their kids’ future. Its cash back nature made a point to fund key achievements of a youngster’s existence with endurance benefits. The LIC Komal Jeevan strategy offered explicit bits from the guaranteed sum on the event of the kid turning 18, 20, 22, and 24 years old. These are probably the main years in a youngster’s schooling, frequently including enormous expenses. The returns from the LIC Jeevan Komal Plan assisted guardians with subsidizing their children’s educational expenses, convenience, different interests, and so on during this period.
LIC Komal Jeevan 2023 is the long-term insurance plan that will cover all your insurance needs. It offers comprehensive coverage for both personal and commercial risks, and it’s ideal for small businesses that need reliable insurance coverage. Plus, it has a wide range of benefits that make it an appealing option for businesses of all sizes. Learn more about LIC Komal Jeevan Plan 2024 today, and see how it can benefit your business.
LIC Komal Jeevan Plan 2024
Komal Jeevan strategy presented by LIC is a kids’ cash back plan which offers monetary security against the occasion of death during the arrangement’s term and occasional installments on the off chance that the guaranteed makes due. The grandparent or the parent can buy this LIC cash back plan for a kid, whose age is between 0 to 10 years. Besides, the last sum on the existence guarantee’s demise accompanies extra installments as ensured and reliability increases. This expands the all out benefit sum from the first total guaranteed.
Welcome to LIC Komal Jeevan Plan 2024! This blog is designed to provide you with all the information you need to make informed decisions about your insurance needs. We will cover topics such as health insurance, home insurance, car insurance, and more. We hope that you find our blog informative and helpful, and that we can help you secure the insurance coverage that you need to protect your loved ones. Thank you for being a part of LIC Komal Jeevan Plan 2024!
LIC Komal Jeevan Plan 2024 Overview
| Name Of Article | LIC Komal Jeevan Plan 2024 |
| LIC Komal Jeevan Plan 2024 | Click Here |
| Category | Insurance |
| Official Website | Click Also |
Key Features of LIC Komal Jeevan Plan
Looking to further improve your finances? The LIC Komal Jeevan plan may be just what you’re looking for! This innovative financial solution offers a variety of exciting features that can help you achieve your financial goals. From flexible repayment options to zero interest on loans, this plan has something for everyone. So if you’re ready to take your finances to the next level, check out the LIC Komal Jeevan plan today!
- The LIC Komal Jeevan development sum is contained ensured increments and unwaveringness augmentations.
- Demise of the kid is covered solely after finishing 2 strategy years or after the kid turns 18, whichever is later.
- The strategy can be given up in the wake of finishing 3 years, following which a higher of the dependable acquiescence worth or extraordinary acquiescence esteem is paid to the guaranteed.
- This kid training plan must be purchased for youngsters in the age gathering of 0 to 10 years.
- The premium for the strategy can be paid in a single amount or customary month to month, quarterly, half-yearly, or yearly portions.
- Assuming the superior paying guardian passes on, the exceptional waiver rider guaranteed that all the excess expenses were deferred off by LIC. Additional premium is charged for this rider benefit.
Eligibility Conditions for LIC Komal Jeevan
LIC Komal Jeevan is an insurance policy that provides protection to individuals and families in case of unforeseen emergencies. The policy has a range of eligibility conditions, one of which is that the policyholder must be a resident of India. If you are not a resident of India, are you eligible to purchase LIC Komal Jeevan? Let’s take a look at the eligibility conditions and see if you meet them.
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Age at Entry (Min) | 0 years(3 months) | ||||
| Age at Entry (Max) | 10 years | ||||
| Max age of Maturity | 26 years | ||||
| Min Sum Assured | Rs. 100,000 | ||||
| Max Sum Assured | Rs. 25,00,000 | ||||
| Mode Available | Single, Annual, Semi Annual, Quarterly, Monthly, payroll savings program | ||||
| Terms | |||||
| Policy Term | 18 years – Child’s Age at Entry | ||||
| Premium Paying Term | Min | 8 years | |||
| Max | 18 years | ||||
Key Features of LIC Komal Jeevan
LIC Komal Jeevan is a life insurance product that offers a unique combination of benefits to customers. This product is ideal for people who want to protect their family and finances in case of an unexpected death. With LIC Komal Jeevan, customers can enjoy peace of mind knowing that they’re taken care of financially should something happen to them. Plus, LIC Komal Jeevan provides valuable tax benefits that can help offset the financial impact of a death. If you’re interested in learning more about this life insurance product, read on for key features and information.
| Plan type | Children’s insurance |
| Risk cover commencement | The gamble begins a long time from the beginning date of the strategy or from the quick commemoration of the approach that comes after the youngster finishes seven years old, whichever is later. |
| Premiums | The expenses for this specific approach can be paid on month to month, quarterly, half-yearly or yearly premise. You may likewise pay the charges through compensation allowances. The expenses can be paid till the arrangement commemoration that comes following the youngster (guaranteed) arrives at the age of eighteen years or till the guarantee’s initial passing. You may likewise decide to pay single premium by paying a single amount sum. |
| Guaranteed Additions | A surefire expansion of Rs. 75 for each 1,000 of the guaranteed aggregate is given by the approach after every year is finished. The installment of these dependable increases will happen either toward the finish of the strategy’s term or after the destruction of the guaranteed. |
| Loyalty Additions | The installment of the dependability expansion relies upon the Company’s insight. On the off chance that the Company creates gains with its extra security business, the strategy gets a portion of these benefits. The rewards are payable alongside development benefits or after the occasion of death. |
Benefits – Advantages of LIC Komal Jeevan
LIC Komal Jeevan is one of the most popular insurance products on the market today. Offering a variety of benefits and advantages, LIC Komal Jeevan is an excellent choice for those who want to protect themselves and their families. So what are some of the key benefits of LIC Komal Jeevan? Read on to find out!
Death Benefit –
This discount will reject the premium paid for the waiver benefit. On the off chance that, the demise of the guaranteed occurs after the initiation of hazard however preceding the development of the strategy then the whole guaranteed total alongside the Reliable Augmentations and Devotion Increments will be payable.
Maturity Benefit –
The Unwaveringness Increases alongside the Surefire Augmentations will be paid upon endurance till the finish of the term of the approach.
Premium Waiver Benefit –
This specific discretionary advantage can be an expansion to the essential arrangement. You should pay an extra premium to partake in this advantage.
Surrender Value –
Buying a Disaster protection Strategy is an extremely lengthy responsibility. By paying the acquiescence esteem, you might decide to end the agreement at a prior stage.
Guaranteed Surrender Value –
After the initiation of the strategy, it should run for a time of three years before it very well may be given up. Reliable Acquiescence Worth preceding gamble beginning date is 90% of the charges. In any case, this is barring the charges that have been paid in the principal year. After the gamble beginning date, the Surefire Give up Worth is 90% of the expenses that are paid before the gamble initiation date. This is barring any top notch paid in the principal year alongside 30% of expenses that are paid after the gamble beginning date.
Survival Benefit –
The level of the guaranteed aggregate as referenced in the table underneath is payable upon endurance till the finish of the predefined lengths
| On anniversary of the policy that is immediately after the assured’s age of | Percentage of the assured sum |
| 18 years | 20 percent |
| 20 years | 22 percent |
| 22 years | 30 percent |
| 24 years | 30 percent |
Premium Structure of LIC Komal Jeevan Plan
LIC (Life Insurance Corporation of India) offers a wide range of products to meet the individual needs and requirements of its customers. LIC Komal Jeevan plan is one such product that offers comprehensive coverage to the policyholder in the event of death. Here’s a detailed overview of the plan’s premium structure.
- Clients of the LIC Komal Jeevan strategy can pay charges month to month, quarterly, half-yearly, or every year.
- They can likewise make a solitary installment of the premium.
- Another choice gave is that of the SSS – Pay Saving Plan.
- The expenses are expected to be paid until the commemoration of the approach which happens right away after the kid turns eighteen or until the sad destruction of the youngster.
Documents Required to buy LIC Komal Jeevan Plan
If you’re thinking of buying a life insurance policy, you might be wondering what documents are required to do so. In this article, we’ll outline the basic requirements you will need to apply for a LIC Komal Jeevan plan. We’ll also give you a guide on how to get these documents if you don’t have them already. So whether you’re looking to buy a policy or update your current one, make sure to read through this article!
Coming up next are a couple of standard records expected to profit of an extra security plan from LIC-
Proof of identity
Proof of address
Proof of age
Passport-size photo of the life to be insure
Proposal form, as prescribed by the insurance provider
Documents Required for Claims
Maturity Claims
- Maturity claim form, as prescribed by the insurance provider
- Original policy documents
- Bank details
- Proof of address
- Proof of age
- Proof of identity
- Other documents as required by the Corporation
Death Claims
- Original policy documents
- Claim form, as prescribed by the insurance provider
- Age proof
- Certificate of death
- Deeds of assignment or reassignment (if applicable)
- Medical reports
- Cremation certificate
- Other documents as required by the Corporation
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