• LIC Komal Jeevan Plan

     4.5 / 5.0   by 895 users
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    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

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

    LIC Komal Jeevan Plan Reviews

  • Page 1 of 45 1 2 3 4 5
    • LIC Life Insurance
      "Good investment"
      0.5 5.0/5 "Blown Away!"
      I have taken a Money back policy in LIC, in which every 5 years I will be getting Cashback and also at the end of stint I will be getting a lumpsome amount. I have been paying Rs.25000 as an annual premium for this Insurance. They provide Loan on the basis of this Insurance. I have making my repayment for this Insurance using cheque mode.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10 years and it is a money back policy. The tenure of this policy is 15 years and i get a money back after every 5 years. I pay my premium on annual basis through net banking and i am convenient with the payment options. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 14, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      I hold a life insurance policy with LIC from last 7 years and it is a money back policy. The tenure of this policy is 25 years and i get a money back after every 5 years. I pay my premium once in 3 months by cheque and i am convenient with the payment options. I have a coverage of Rs 2.5 lakhs which is less when compared to other insurance.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 12, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 16 years and it is a money back policy. The tenure of this life insurance policy is 20 years. I pay my premium once in 6 months by cash and sometimes by cheque. I am convenient with the payment options in this policy. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 12, 2018
    • LIC Life Insurance
      "Better money back plan"
      0.5 4.0/5 "Great!"
      I have the Money back life insurance policy with the LIC from past 8 years. This money back policy has the tenure of 16years. Every 4 years once I will be getting the money back amount from the LIC money back policy. The customer support is good with the LIC.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2018
    • LIC Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      The Money back policy is good to use with the LIC and I have the money policy for past 12 years. This policy has tenure of 20years. The premium amount of Rs,3200 I pay to this money back policy . This policy will get matured in the coming year. The plan benefits and the coverage is good with this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 06, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 6 years and it is a money back policy. The tenure of this life insurance policy is 15 years and i get a money back after 10 years. I pay a premium of Rs 1500 once in 3 months and i am convenient the payment options. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 02, 2018
    • LIC Life Insurance
      "Better money back plan"
      0.5 3.0/5 "Satisfactory"
      Bought a money back policy from LIC around 5 years. Here this policy has the tenure of 19yeas. The customer support is good with the LIC. I pay the premium amount of Rs,2000 to this policy and I would say it is a good policy to use , because it gives money back on every 4 years once.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 01, 2018
    • LIC Life Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken Life insurance with LIC.The policy is for 10 years i am holding the policy for the last ten years of time.I pay a premium amount of 13k pr annum,net banking is very comfortable to make payments.They give good response to the customers.The plan name id money back policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 01, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with LIC from last 15-16 years and it is a money back policy. The tenure of this life insurance policy is 20 years and i get a money back after every 5 years. I pay my premium on annual basis through net banking and the payment options are convenient for me. The coverage and benefits are also good in this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 30, 2018
    • LIC Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Got the money back life insurance policy for past 15 years. The customer support is good with the LIC . This policy has the tenure of 20years. I pay the premium of Rs,1200 every month to this LIC money back policy. The plan benefits and the coverage is excellent with this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 29, 2018
    • LIC Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have the Money back policy from LIC for past 3 years. I pay the premium of Rs,1500 in every 3 months once. The customer support service is good with the LIC. The plan benefits and the policy coverage is good with this policy .I would say it is an average policy to use
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 25, 2018
    • LIC Life Insurance
      "Looking for better benefits"
      0.5 3.0/5 "Satisfactory"
      I would say LIC is more beneficial compared to other insurance company. Every year I pay the premium around Rs.47,000, I have money back policy. I have activated this policy in 2014, I will be getting bonus interest around Rs.1.5 lakh after five years and I get maturity benefits around Rs. 6 lakhs after completing the tenure of 15 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 24, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 5-6 years and it is a money back policy. The tenure of this life insurance policy is 20 years and i get a money back every 5 years. I pay my premium on annual basis by cheque and I am also convenient with the payment options which they are giving. The coverage and benefits are very good in this policy.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 23, 2018
    • LIC Life Insurance
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Basically my uncle working as a LIC agent, I believe its trust worthy I used to paid Rs 40,000 in a year as a premium. I have money back policy every year they are providing bonus interest its credits is account and other policies provides return after the maturity . Even the payment gateway is very easy to pay.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 23, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with LIC from last 8 years and it is a money back policy The tenure of this loan is 15 years and i get a money back after every 5 years. I pay my premium once in 6 months by cheque and the name of the insurance is Jeevan umang. The coverage and benefits are very good in this policy.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jan 22, 2018
    • LIC Life Insurance
      "Best policy to use"
      0.5 5.0/5 "Blown Away!"
      I have a LIC policy from last 10-12 years and it is a money back policy. The tenure of this life insurance policy is 20 years. I pay my premium on variable basis and i am convenient with the payment options which they are giving. I get a money back after every 4 years. The coverage and benefits are good in this policy.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 22, 2018
    • LIC Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I hold a life insurance policy with LIC from last 1 year and it is a money back policy. The tenure of this life insurance policy is 20 years. I pay a premium of Rs 7000 once in 3 months through online and i get a money back of Rs 60000 every 4 years up to 15 years. I am happy with the coverage and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • LIC Life Insurance
      "Excellent policy to use"
      0.5 5.0/5 "Blown Away!"
      I have got the money back policy around 10 years ago from LIC. This policy has the term of 15years. I get the cash back in every 4 years once. The customer support is good with LIC. The premium amount of Rs,990 and 1230 I pay to this policy in every 3 months once.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 12, 2018
    • LIC Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance with LIC.The monthly premium is 22,000 i have registered for an auto debit made from my salaried account,i get a total policy coverage is up to four lakhs.The website is easy and quick in processing.I have taken two policies one is money back policy so after 5 years they had given a cheque of 10k.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
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