LIC Komal Jeevan Plan Detail – Feature, Benefits & Eligibility

LIC Komal Jeevan Plan Detail Hindi

LIC Nivesh Plus details, Life Insurance Corporation of India (LIC) is an Indian insurance and investment corporation owned by the Government of India. Life Insurance Corporation of India was established on September 1, 1956, when the Parliament of India passed the Life Insurance Act of India, which allowed the insurance industry in India. Nationalised.

Today this company does business at a good level and provides good services and provides many types of insurance plans, one of these plans is LIC Komal Jeevan Plan which is the best life insurance plan which is provided by the company to its customer. In this article, we will tell in detail about LIC Komal Jeevan Plan, what are its benefits and how you can take this plan.

What is LIC Komal Jeevan Plan LIC Komal Jeevan Plan

Komal Jeevan Policy offered by LIC is a children’s money back plan which provides financial protection in case of death during the term of the plan. has been created.

Because when a newborn baby comes in everyone’s house, then everyone becomes happy but they are filled with the responsibilities of the new member like education, marriage, health etc. Therefore, saving is very important for them, so this plan is for grandparents or parents. You can buy LIC money back plan for that child. komal jeevan plan 159 benefits.

Eligibility for LIC Komal Jeevan Plan

Eligibility Conditions for LIC Komal Jeevan

Minimum age of the child 0 years
Maximum age of the child 10 years

Benefits of LIC Komal Jeevan

Death Benefit – In the event of death of the policyholder, before the commencement of risk, the policy will be canceled and the premiums to be paid under the plan will be refunded.

Guaranteed Additions: On completion of each year the insured will get the specified amount on the sum assured. An additional benefit of Rs 75 will be given for the sum insured of Rs 1000. The amount deposited is duly paid on the date of maturity or on the death of the assured.

Maturity Benefit :- If the Life Assured survives till the date of maturity then the Life Assured will receive an amount equal to the Unit Fund Value as Maturity Benefit.

Payment:- The plan provides an option to receive the death benefit in instalments.

surrender value benefits There are two aspects to this benefit:

    • Guaranteed Surrender Value: Under this, the assured is guaranteed surrender of the policy which is in force for at least 3 years. The Life Assured will receive a fixed surrender value equal to 90% of the premiums paid before the commencement of risk (first-year premiums paid plus any additional premiums). After commencement of risk, the guaranteed surrender value will be 90% of premiums paid (excluding first year premiums and any additional premiums) and 30% of premiums paid after commencement of risk.
    • Corporation’s Policy on Surrender: The assured will be given a special surrender value which is the percentage value of the claim amount paid on the date of maturity or death. The estimated surrender value will be based on the premium paid and the term of the policy. If the policy terminates at an early stage, the surrender value may be less than the premium.

tax benefits

Under Section 80C of the Indian Income Tax Act, premiums paid for a life insurance policy are tax-free. Further, the maturity proceeds of the policy are exempt from tax under section 10(10D). komal jeevan plan 159 benefits.

Features for LIC Komal Jeevan Plan

  • The minimum and maximum age of entry under this plan is 0 to 10 years
  • Sum Assured in LIC Komal Jeevan Plan is 1 lakh to 25 lakh (in multiples of 1000)
  • The premium payable option under this plan is through monthly / half yearly / quarterly / annual / or salary deduction
  • Risk Commencement Period Two years from the date the policy is purchased or the child turns 7 years old
  • Its policy tenure is 26 years (maximum)
  • Premium paying term on attainment of 18 years or on death (whichever is earlier)
  • Medical checkup is not needed

Documents Required for LIC Komal Jeevan Plan

Life insurance plans require specific documents and records from the customers to complete the process. Documents may vary from plan to plan, depending on what the plan pertains to and what it needs to fulfill its benefits. Following are some of the standard documents required to avail life insurance plan-

  • Proof of identity
  • Proof of address
  • age Proof
  • Passport size photo o
  • Proposal form,

Documents required for raising a maturity claim under the LIC Komal Jeevan policy are listed below-

  • Bank details
  • Proof of address
  • age Proof of
  • Proof of identity
  • Other documents as required by the Corporation

Documents required for raising a death claim are listed below-

  • 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

Questions Related to LIC Komal Jeevan Plan

Q. Can one avail a loan under LIC Komal Jeevan policy?
Ans. No, there is no provision for availing loan under this scheme.

Q. What are the minimum and maximum amounts under LIC Komal Jeevan Policy?
Ans. The minimum amount that can be assured under this policy is one lakh rupees. The maximum amount that can be assured under this policy is twenty-five lakh rupees.

Q. Who can buy LIC Komal Jeevan Plan?
Ans. The child’s parents or grandparents can buy this plan.

Q. Does LIC Komal Jeevan Policy require medical examination?
Ans. No, this policy does not require a medical examination.

Q. Can one avail one term rider under LIC Komal Jeevan policy?
Ans. Yes, there is an availability to reach the word rider under this policy.

Q. Is there any pledged or guaranteed addition available for LIC Komal jeevan plan?
Ans. Yes, a Guaranteed or Pledge of Seventy five rupees payable by the policyholder for every thousand rupees of Sum Assured has been added.

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