Komal Jeevan Summary: (Table No.159)
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. Komal Jeevan can be purchased by any of the parents or grandparent or legal guardian for a child aged between 0 years to 10 years. The payment of the premium stops at the age of 18 years.

Who should buy Komal Jeevan?
In today’s competitive world, every parent dreams of the best education for their son/daughter. This policy is suitable for parents who dream to secure money for their children’s higher education.

The policy matures when the child grows up to be 26. Once the child attains the majority, the survival benefit is paid in four installments.

  1. 20% on policy anniversary after completing age 18.
  2. 20% on policy anniversary after completing age 20.
  3. 30% on policy anniversary after completing age 22.
  4. 30% on policy anniversary after completing age 24.
  5. Guaranteed addition + Loyalty Addition on completing age 26 (Maturity date)

Guaranteed additions :
The policy gives guaranteed additions at Rs 75 per Rs 1,000 sum assured on every policy anniversary till age 26.

Commencement of risk cover:
The risk commences only after the child attains age seven or two years after the commencement of the policy, whichever is later.

Premium Waiver Benefit:
Premium Waiver Benefit available with some extra premium amount.

Term Rider Benefit:
Term Rider Benefit can be availed by the proposer to the extent of 20% of the basic sum assured under the policy not exceeding Rs.1,00,000/-. The benefit will be payable in case the proposer dies before the policy anniversary on which the child is 18 years last birthday.

Also Read  Jeevan Chhaya

Death Benefits

  • In case of death of the life assured before the commencement of risk, the policy is canceled and premiums paid are refunded.
  • After the commencement of risk, if the life assured dies before policy matures, the full sum assured plus guaranteed additions are payable without the deduction of earlier installment benefits paid.
  • Special benefit in maturity: Loyalty additions depending on policy duration and sum assured are paid on maturity.

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 a lump sum (Single premium).

Medical Exam:
No Medical Examination is required for the child. However, the proposer’s medical examination is compulsory.

Eligibility Conditions and Restrictions for LIC Komal Jeevan:

Min. age at entry: 0 years (Last Birthday)
Max. age at entry: 10 years (Last Birthday).
Min. S.A.: 1 lakh.
Max. SA.: 25 lakhs.
SA in multiples: Rs. 25,000
Max. Maturity age: 26 years (lbd).
Modes Allowed (Premium Payment): Yly/Hly/Qly/SSS/Sp
Min. PPT: 8 years. (Premium Paying term)
Max. PPT: 18 years.
Accident benefit: NA
Premium Rebate: Yly 2%; Hly 1%; Qly/SSS – Nil
Term Rider Option: Available
Critical Illness Rider: No
Policy Loan: No
Revival: Yes
Surrender of Policy: Yes
Survival Benefits: Yes
Housing Loan: No
P.W.B.: Yes

UpdateLIC Komal Jeevan Plan No. 159 Has Been Discontinued.

The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

Also Read  LIC Jeevan Anurag
  1. I have taken KOMAL JEEVAN policy on 11/06/06,159/25. I am paying yearly premium 16000/rupees. What benefit I will get ? Explain me.

  2. sir,
    My Sister purchased the komal jeevan plan in 2004 for her children,they have paid all the installment till 09/2012,unfortunately her husband expired in Nov2012.So I want to know how can they take the profit from the policy.

  3. Shyam Singh Bisht March 1, 2013 at 6:02 pm

    Dear Sir,

    I have interested in LIC Komal Jeevan for my 7 year old son (Dob 12.5.05). please contact and suggest me

  4. For my son his father had make a komal jeevan money back policy on 15.03.2003. which policy no is 585057631. But proposer is died now . As per the terms and condition now the lic cover the rest premium but the staffs are forced to diposited the premium and Ialso diposite the same. Can I get help on this.

  5. which policy will remain best for my 11 yrs old daughter and my wife
    who is of 36 yrs of old.

  6. Sanjay Kumar Sharma February 3, 2013 at 1:48 pm

    I have Komal Jeevan Policy since 2005 for my son..sum of rps. 500000..an di’m paying yearly premium approx. 33000 INR… i would like to know what is the bonus & benefits.. i know at the age 10% 10% 20%^ and 20% but after that what i’ll get.. if possible please give in dtls..

  7. ravindra singh negi January 13, 2013 at 9:38 am

    i have interested lic komal jeewan plan, my son is 1 year 10 month,please guide me or call me

  8. Hi Everyone,

    I have paid Rs.36,000 as yearly premium for the last 6 years (until March 2012) under Komal Jeevan policy with 18 years maturity plan, but now, due to my poor financial condition I want to cancel/terminate the policy as it is not possible for me to pay premiums anymore.
    So can anyone pls tell me, ROUGHLY how much i will get as a return (the total sum of money (Approx) from LIC, if I terminate now).. I would really appreciate if some enlightens me on this !

    looking forward to your kind response.
    Thanks. Dev

  9. I have a policy Komal Jeevan on the name of my son .I had paid 8 installments of Rs. 32,432 per annum and I received Rs 40,000 /- on completion of 18 years of age. The sum assured was Rs 2,00,000 . I want to knowon on maturity at the age of 26 how much money I will get excluding the amount I will get up to 24 years of age.
    kindly reply .

    Dr. Neelam Gogia

  10. i have interested lic komal jeewan plan, please guide me or call me

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