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  LIC Jeevan Anurag

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 Arogya
  1. i m having the komal jeevan police for my kids (twins), sum proposed is 200000 Rs & am paying a premium of 16009 Rs + i have a jeevan saral plan with a annual premium of 36030 Rs(cheque to LIC), every year for passed 4 years i hav made this policy through a agent but he never gave me a recpit till now when ask he gives some excuse, he is not even in time to collect the check we hav to call him up many times, is there any problem am just getting worried about it, pls let me know.

  2. Komal jeevan plan is a good plan.Very very thanks for this inform.

  3. as guardian can i purchase komal jeevan for my grand daughter andgrand son aged 3&1 who are born in usa , my age is63.please explain.


  4. please send details about JEEVANKOMAL, for

    ARE BOTH NRI STATUS.can i take policy for them, as guardian advise any other suitable with lic policy is avilable.

  5. which is the policy is sutiable for children for there carrer.

    srinivas reddy

  6. Prabhat Kumar Chinya September 15, 2010 at 7:13 pm

    Clicking on Reply nothing was seen related with my question. Is it not possible to reply simply whether I can open a policy in favour of my grand daughter ( one year three months old ) who is citizen of USA by birth and present residing there with her parents (indian Citizen ) .

  7. Hi ,,,can explain me…about new police of pension and health policy … Actully my age is 35 and i am interested in my health and pension police to return me after 15 years back me minimum …. 2 or 3 lack rupees


  8. Prabhat Kumar Chinya September 2, 2010 at 9:28 pm

    Though my question is entertained but reply I failled to receive. Perhaps you have given reply but sorry to say I could not open. However again I am putting my enquiry My grand daughter is one year three months old and she citizen of USA by birth but her parents are Indian and now working in USA . Now I want to open one Kamal Jiban policy with the option for paying every month premium till it is matured as per norm My question is whether I can make the said policy for her?

  9. i have doubt to komal jeevan , childrens plans

    i want infomation to how much will be pay to yearly mony to childrens plains.

    can u tell me all matter regarding Komal jeevan policy plan

    Thanks & Regards


  10. question …
    pls asked me how to aftar 18 yers above 8 to 10 lakh money back policies in child plan actully my born babby creat policies in aftar 18 yers my child give return 10 lakh rupess.

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