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  • LIC Komal Jeevan Plan

     4.5 / 5.0   by 974 users
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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Komal Jeevan policy offered by LIC is a children's money back plan which offers financial protection against the event of demise during the plan's term and periodic payments in case the assured survives. The grandparent or the parent can purchase this LIC money back plan for a child, whose age is between 0 to 10 years.

    Eligibility Conditions for LIC Komal Jeevan

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

    Key Features of LIC Komal Jeevan

    Plan type Children's insurance
    Risk cover commencement The risk starts two years from the commencement date of the policy or from the immediate anniversary of the policy that comes after the child completes seven years of age, whichever is later.
    Premiums The premiums for this particular policy can be paid on monthly, quarterly, half-yearly or yearly basis. You may also pay the premiums via salary deductions. The premiums can be paid till the policy anniversary that comes immediately after the child (assured) reaches the age of eighteen years or till the assured's early death. You may also choose to pay single premium by paying a lump sum amount.
    Guaranteed Additions A guaranteed addition of Rs. 75 for every one thousand of the assured sum is provided by the policy after each year is completed. The payment of these guaranteed additions will take place either at the end of the policy's term or after the demise of the assured.
    Loyalty Additions The payment of the loyalty addition depends on the Corporation's experience. If the Corporation makes profits with its life insurance business then the policy gets a share of these profits. The bonuses are payable along with maturity benefits or after the event of death.

    Benefits / Advantages of LIC Komal Jeevan

    • Death Benefit - In the event of the demise of the assured, prior to commencement of risk, the plan shall be cancelled and the premiums that are paid under the plan shall be refunded. This refund will exclude the premium paid for the waiver benefit. In case, the death of the assured happens after the commencement of risk but prior to the maturation of the policy then the entire assured sum along with the Guaranteed Additions and Loyalty Additions will be payable.
    • Maturity Benefit - The Loyalty Additions along with the Guaranteed Additions will be paid upon survival till the end of the term of the policy.
    • Premium Waiver Benefit - This particular optional benefit can be an addition to the basic plan. You must pay an additional premium to enjoy this benefit. The advantage of termination of premiums can be secured by the proposer from death till the end of deferment period.
    • Surrender Value - Purchasing a Life Insurance Policy is a very long commitment. By paying the surrender value, you may choose to terminate the contract at an earlier stage.
    • Guaranteed Surrender Value - After the commencement of the policy, it must run for a period of three years before it can be surrendered. Guaranteed Surrender Value prior to risk commencement date is 90 percent of the premiums. However, this is excluding the premiums that have been paid in the first year. After the risk commencement date, the Guaranteed Surrender Value is 90 percent of the premiums that are paid before the risk commencement date. This is excluding any premium paid in the first year along with 30 percent of premiums that are paid after the risk commencement date.
    • Survival Benefit - The percentage of the assured sum as mentioned in the table below is payable upon survival till the end of the specified durations
    On anniversary of the policy that is immediately after the assured's age of Percentage of the assured sum
    18 years 20 percent
    20 years 20 percent
    22 years 30 percent
    24 years 30 percent

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

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

    LIC Komal Jeevan Plan Reviews

  • Page 1 of 49 1 2 3 4 5
    • LIC Life Insurance
      "Good. Can do better"
      0.5 3.0/5 "Satisfactory"
      I also have a life insurance with LIC. The tenure is for twelve years. I have taken a money back policy and every three years I would get my bonus which is a feature in this policy. The premium is normal too. Though there are things which can be done online. I still need to visit the office.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 20, 2018
    • LIC Life Insurance
      "Beneficial policy"
      0.5 4.5/5 "Excellent!"
      My father has taken a life insurance from LIC for me. It is a money back policy and the benefits are good and the sum assured is good. I got the benefits by default without having to go behind LIC.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I hold a Money back policy with LIC from last 6-8 years, i get a money back after every 4 years. I pay my premium once in a year by cheque and i am convenient with the payment options. I am happy with the returns and benefits of this policy. The tenure period for this loan is 25 years.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 12, 2018
    • LIC Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 10 years and it is a money back policy. I am happy with the returns and benefits of this policy. I pay my premium once in a year through auto pay. The tenure period for this policy is 20 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Sep 06, 2018
    • LIC Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have my life insured with LIC from last 4 years and it is a money back policy. I get money back after every 3 years in this policy. I pay my premium once in 6 months through net banking and i am convenient with payment options. The name of this policy is Jeevan anand and i get good returns and benefits. The tenure period for this policy is 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 05, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a life insurance policy with LIC from last 8 months and it is a money back policy. I get money back after every 4 years for Rs 20000. I pay a premium of Rs 2500 every month through auto deduction. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , tirupati
      Reviewed on Aug 27, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken I have taken Money back policy from Life insurance corporation of India . I have already paid for 5-6 years and had to pay for next 15 years . I make the payments every 3 months . I came to know about this policy through my friend. This policy covers good benefits.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 25, 2018
    • LIC Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I took this Life insurance Money back policy from Lic insurance company mainly , Its been always safer side as this insurance company belongs to govt . I make the payment through online banking where the amounts get auto debited . I have chosen the tenure period of 18 years .
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 22, 2018
    • LIC Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I took this Life insurance Money back policy from Lic insurance company mainly , Its been always safer side as this insurance company belongs to govt . I make the payment through online banking where the amounts get auto debited . I have chosen the tenure period of 15 years . His policy covers of rs 3 lakhs which get auto debited from the account .
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 22, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 8 years and it is a money back policy. I get a money back of Rs 20000 every 5 years. I pay my premium once in 3 months through direct payment and i am convenient with the payment options. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2018
    • LIC Life Insurance
      "Satisfied with the service"
      0.5 5.0/5 "Blown Away!"
      My life insurance is with LIC. I have taken a money back policy. The tenure is for 15 to 20 years. I would also get the bonus every few years. The payments are done online and also through the agent whom I got the policy from. It is a very trustworthy company.
      Was this review helpful? 0
      , korba
      Reviewed on Aug 13, 2018
    • LIC Life Insurance
      "Overall good"
      0.5 4.0/5 "Great!"
      I also have a money back policy with LIC. The company is secured and it is a traditional company. There is a cash back I get every five years. The premium is paid on a monthly basis. The tenure is for ten years. I also know the agent so I can recommend this policy through him and my payment can be done with ease. I also have a online option.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 02, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 20 years and it is a money back policy. I get a money back after every 4 years. The tenure period is 15 years out of which 7 years already completed. I make a premium payment for Rs 3500 once in 6 months through direct payment and i am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 26, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Money Back policy with the LIC. I am paying a premium of 8000 per year. I make the premium payment via the agent and being a government company the security for investment is certainly there with the LIC.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Jul 24, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Money back policy for a while. I am paying a premium quarterly 13779, I make the payments via the agent. The service is good. I haven't faced any issues with their services so far.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Jul 24, 2018
    • LIC Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I took this Life insurance Money back policy from Lic insurance company mainly , Its been always safer side as this insurance company belongs to govt . I make the payment through online banking where the amounts get auto debited . I have chosen the tenure period of 25 years .
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 23, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 20 years and it is a money back policy. I am happy with the returns and benefits of this policy. I pay my premium once in 6 months by cheque and i am convenient with the payment options. The maturity period for this policy is 25 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 16, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've 5 life insurance policies with the LIC, four of them is the Money Back policy for which I am paying a premium of 700 Per month, the premium gets auto debited from the salary account. I never had any issues with their services so far. Considering the low premium I am paying the policy is a good one.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2018
    • LIC Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I hold a life insurance policy with LIC from last 10 years and it is a money back policy. I am satisfied with the returns and benefits of this policy. I pay my premium once in a year by cash and i am convenient with the payment optioned. I get a money back after every 4 years and the tenure period is 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 09, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      This LIC policy is an money back policy. I have a two LIC money back policy. I used to make the payment half yearly. I don't remember about the exact premium amount. I used to get a money back in every 5 years. I used to make the payment through online net banking.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 06, 2018
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