Jeevan Kishore

Jeevan Kishore

Table No. 102

Introduction

Rare is a person who does not love children - Sweet, cute , innocent, spreading joy and happiness around. If they are one’s own offspring, the affection is still deeper. The sense of satisfaction one derives in seeing dear  ones happy, cannot be measured. And one’s  aim will be to keep them secure and happy for ever.

You will certainly like to give your children a start in life, a gift, a firm financial commitment, for their secure future. LIC has come out with a new plan,  Jeevan Kishore,  that covers the life of the child from as early as age of  7. This is a Plan that all parents should gift to their children.

Benefits

Maturity Benefits:

Basic Sum Assured + Vested Bonus + Final Additional Bonus

Death Benefits:

Basic Sum Assured + Vested Bonus + Final Additional Bonus,  if death occurs after date of commencement of risk.

Total Premiums paid excluding the premiums for premium waiver benefit will be refunded, if death occurs before  date of commencement of risk.

Mode Benefit:

The following table shows the rebate available on the mode of premium payment.

Mode	Rebate
Yearly	3% of tabular premium
Half - Yearly	1.5% of tabular premium
Quarterly	Nil

Sum Assured Benefit:

The following table shows the rebate available on the sum assured.

Sum Assured	Rebate
Up to Rs.50,000	Nil
Rs.50,001 to Rs.1,00,000	Rs. 1 Per Thousand
Rs.1,00,001 and Above	Rs. 2 Per Thousand

Features:

  ü Children between the ages of 1 and 12 are eligible for this policy.

  ü Risk cover starts as early as age of 7.

  ü Premium Waiver Benefit.

  ü Minimum Sum Assured    Rs. 50,000

  ü Maximum Sum Assured Rs 15,00,000, if the as on the date of proposal is less than 10

  ü Rs 25,00,000 in other cases

  ü Minimum age at entry - 1  (completed)

  ü Maximum age at entry - 12

  ü Maximum maturity age - 45

  ü Modes Allowed - Yearly, Half Yearly, Quarterly, Monthly & Single Premium

  ü No Medical Examination will be necessary if the age of the child as on the date of proposal is less than 10 years.

  ü Other wise Medical examination will be necessary

  ü No Loans are granted under this policy

  ü Substitution of child will not be permitted