What is the maturity amount of LIC Komal Jeevan?
Q. What are the minimum and maximum amounts that have to be assured under the LIC Komal Jeevan policy? The minimum amount to be assured under this policy is one lakh rupees. The maximum amount to be assured under this policy is twenty-five lakh rupees.
What is the benefits of Komal Jeevan LIC policy?
Komal Jeevan policy offered by LIC is a children’s money back plan which offers financial protection against the event of demise during the plan’s term and periodic payments in case the assured survives. The grandparent or the parent can purchase this LIC money back plan for a child, whose age is between 0 to 10 years.
What is LIC surrender value certificate?
This is the value which is the amount payable to you should you decide to discontinue the policy and encash the same from LIC. Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules.
When does LIC Komal Jeevan plan expire?
LIC’s Komal Jeevan Plan is a children’s moneyback policy in which the premium is returned on the policy anniversary after the child attains 18 years, 20 years, 22 years and 24 years. If the child dies within the policy tenure after risk commencement, then the Sum Assured along with Guaranteed Additions are paid and the policy is terminated.
How old do you have to be to get LIC Komal Jeevan?
Komal Jeevan policy offered by LIC is a children’s money back plan which offers financial protection against the event of demise during the plan’s term and periodic payments in case the assured survives. The grandparent or the parent can purchase this LIC money back plan for a child, whose age is between 0 to 10 years.
What is the guaranteed surrender value before risk commencement date?
Guaranteed Surrender Value prior to risk commencement date is 90 percent of the premiums. However, this is excluding the premiums that have been paid in the first year. After the risk commencement date, the Guaranteed Surrender Value is 90 percent of the premiums that are paid before the risk commencement date.
What is the surrender value of life insurance?
Surrender Value – Purchasing a Life Insurance Policy is a very long commitment. By paying the surrender value, you may choose to terminate the contract at an earlier stage. Guaranteed Surrender Value – After the commencement of the policy, it must run for a period of three years before it can be surrendered.