LIC Jeevan Kishore Plan

LIC Jeevan Kishore is ideal for children below the ages of 12 years. The policy can be purchased by the child's parents or grandparents only.

Eligibility Conditions of LIC Jeevan Kishore

Entry Age Minimum - 0 years Maximum - 12 years
Maturity Minimum - 20 years Maximum - 45 years
Policy Term Minimum - 15 years Maximum - 35 years

Key Features of LIC Jeevan Kishore

Type An Endowment Assurance Plan.
Basis Individual.
  • Death Benefit: In the event the life insured dies during the policy term, the nominee will receive sum assured along with vested bonus. If the death occurs before commencement of risk, then the premiums will be excluded and will get a refund.
  • Maturity Benefit: The policyholder will get sum assured along with any bonuses which is paid in a lump sum on maturity.
  • Premium waiver benefit: If the proposer dies, then the premiums will be waived. An additional premium is to be paid and this is an optional benefit.
Sum assured Minimum - Rs.50,000 Maximum - Rs.40,00,000
Premium paying term Equal to the policy term.
Premium paying frequency Quarterly, half-yearly, yearly, monthly or single.
Premium paying method Monthly premium payment must be transmitted through ECS or direct debit.
Bonuses Simple reversionary bonus is declared at the end of each financial year. Additional bonus and vested bonuses are payable, if any.
Surrender Value The policy can be surrendered after 3 years premium has been paid. The surrender value of the policy before commencement of risk is 90% of the total amount of premiums paid. Surrender value of the policy after commencement of risk is 90% of the total premiums paid before commencement of risk and 30% of premiums paid after commencement of risk.
Loan Loan facility is not available.
Grace period 30 days grace period is allowed for paying the premium.
Free look period / Cooling off period The plan has a 15 days free look within which you can return the policy.
Tax benefits Prevailing tax benefits are applicable.
Nomination You can appoint a nominee.
Exclusion If the policyholder commits suicide within a year from the date of taking the policy, it is excluded for Premium Waiver Benefit.

Advantages of LIC Jeevan Kishore

The advantages of this LIC child plan are:

  • Maturity benefits are paid to the policyholder.
  • Death benefit is offered to the nominee if the insured dies during the policy term.
  • Premium waiver benefit is also available.
  • Tax benefits can be availed.
  • The policy can be surrendered after completing 3 policy years.

How the Plan Works

Miss Sheena took LIC Jeevan Kishore for her 10 year old child. The policy term she chose was 25 years and the age of child at maturity was 35 years. The sum assured that she opted for was Rs.1 lakh. She chose to pay the premium annually. She will have to pay Rs.3,635 annually towards the premium payment. She will get survival benefit and if she dies during the term, the death benefit will be offered and the premium will be waived off.

Premium Payment

The premium can be paid yearly, half-yearly, quarterly or monthly or single premium. The monthly payments are to be made through ECS or Direct Debit.


There are no riders available with this policy.

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GST of 18% is applicable on life insurance effective from the 1st of July, 2017

 4.0 / 5.0   by 10 users
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LIC Jeevan Kishore Plan Reviews

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  • LIC Life Insurance
    "Its Good"
    0.5 4.5/5 "Excellent!"
    For my Jeevan kishore plan was suggested by my friendly, I believe the plan has the maturity period of 20 years. The premium of this policy is Rs. 10,000 on yearly basis. I am not sure about the complete benefits however it has financial security for unforeseen events.
    Was this review helpful? 0
    , chennai
    Reviewed on May 26, 2019
  • LIC
    LIC Life Insurance
    0.5 4.0/5 "Great!"
    With the LIC of india I have taken the life insurance policy which got suggested by friends. Jeevan kishore is the policy based on the kids benefits like I can pay the premium in the 4 installment in a year for 18 years of time.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 05, 2015
  • LIC Life Insurance
    "Good benefits"
    0.5 3.0/5 "Satisfactory"
    I have taken a Cash back policy from LIC. It is Jeevan Kishore. The premium used to be on a yearly basis. The tenure is for seven years. The premium is of 12K. The services are average. The premiums are convenient to pay.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Oct 07, 2015
  • LIC Life Insurance
    "Good "
    0.5 4.0/5 "Great!"
    I am having the life insurance policy with the LIC of india.I have taken money back, jeevan anand, jeevan mithra and the jeevan kishore. Jeevan kishore is for my child like the sum assured value is around 3 lakhs Rupees. The total maturity period is around 15 years of time. My friends are agents, so I can easy access.
    Was this review helpful? 0
    , goa
    Reviewed on Sep 30, 2015
  • LIC Life Insurance
    "Very good platform"
    0.5 5.0/5 "Blown Away!"
    I am having the life insurance policy with the LIC of india. Trust on LIC makes me to go ahead with them and I took the policy in the money back and the jeevan kishore and the service is good with them and agents are helpful for me. From the last 20 years I am with the LIC of india.
    Was this review helpful? 0
    , dindigul
    Reviewed on Sep 18, 2015
  • LIC Life Insurance
    "Better policy for children "
    0.5 3.0/5 "Satisfactory"
    I have taken this Jeevan Kishore plan for my child and basically a children plan which is provided for education purpose.Its basically a normal plan like other plans available.I do have a 15years plan in which they provide life coverage with Lumpsum amount t will be useful for my child in the age of 15 where he will be in his higher studies.Its basically a helpful plan and nothing wrong in availing this plan.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 08, 2015
  • LIC Life Insurance
    "Good benefits...."
    0.5 5.0/5 "Blown Away!"
    Couple of policies are there with LIC where Jeevan Kishore and Jeevan Anand. Sum assured will be good in LIC. Vitally I have chosen LIC because of trust in their services. No issues in dealing with the employees of LIC. At that time of availing life insurance, I found my policy as best because I compared with number of insurance companies.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 16, 2015
  • LIC Life Insurance
    "Cheap and best option for investment!!!"
    0.5 4.0/5 "Great!"
    There are around five policies in LIC and amongst that now I can recall only two of them where one is Jeevan Kishore and Jeevan Anand. Sum assured would be around 5-10lakhs. Dislikes of LIC is that the documentation part was lengthy. Premium part is pretty cheap and best that other insurance companies.
    Was this review helpful? 1
    , pune
    Reviewed on Apr 13, 2015
  • LIC Life Insurance
    "Quite flexible "
    0.5 4.0/5 "Great!"
    I do pay the premium on line for LIC life insurance policy which is quite flexible for me. I have taken Jeevan Kishore policy where am pretty much happy about the benefits provided in terms of accidental coverage, pension coverage as well. Its just the reliability I have with LIC.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Nov 04, 2014
  • LIC Life Insurance
    "Needs improvisation in customer service"
    0.5 3.0/5 "Satisfactory"
    Around 6 policies I have with LIC. One policy is Money back policy and other policy is Jeevan Kishore policy. The agent who had been assigned intimated that lump some amount would be received at the end of maturity period. I pay the premium with help of the agent. If the customer sends any request on line regarding any policy, there is no clear information provided by the agent in terms of maturity amount. .
    Was this review helpful? 0
    , kolkata
    Reviewed on Sep 25, 2014
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