• LIC Komal Jeevan Plan

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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 50 1 2 3 4 5
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a LIC policy from last 4 years and it is a long term policy. The tenure of this life insurance policy is 20 years. I pay my premium once in a year through direct payment and the payment options are convenient for me. I am happy with coverage and returns of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 14, 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 long term policy. I am satisfied with the coverage and benefits of this policy. I pay my premium once in 3 months by cheque and i am convenient with the payment options. The maturity period for this policy is 15 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 14, 2018
    • LIC Life Insurance
      "Scope for improvement"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is not good one and the coverage value is not good too. There are no advantages with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 14, 2018
    • LIC Life Insurance
      "Best"
      0.5 4.5/5 "Excellent!"
      I have got the life insurance policy with the Life Insurance Corporation of India. I have not used their web portal as such. Coverage value is good one with the Life Insurance Corporation of India, also the premium value is better one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 14, 2018
    • LIC Life Insurance
      "Good money back plan "
      0.5 5.0/5 "Blown Away!"
      I am having the Money back life insurance policy for the past 10 years. The customer support service and the response is good with the LIC. I pay the premium amount of Rs,5000 to this policy every year once. This policy has the tenure of 20years. I got the money back in 4 years once.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good child plan "
      0.5 5.0/5 "Blown Away!"
      I got the Jeevan Tharan life insurance policy around 3 years ago. The customer support service and the response is good with the LIC and this policy will get matured once my child turns to 18years. I pay the premium amount of Rs,15,000 to this policy in every once.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Life insurance policy has been taken by me around 4 years ago. This policy has the tenure of 15years. The customer support service and the response is good with the LIC. I pay the premium amount of Rs,28,000 in every year once. i am satisfied having this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 3 years and it is a long term policy. I am happy with the returns and tax benefits of this policy. I pay my premium once in a year through online and the payment options are convenient for me. The maturity period for this policy is 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have been using LIC since my childhood and it is a long term policy, the tenure for this life insurance policy is 15 years. I pay my premium once in a year by cheque 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 Jun 13, 2018
    • LIC Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      MONEY BACK i have been using from the LIC. I have been using since 2009. It is a long term policy of 27 years. I pay for 6 months once for my insurance and through the cash and sometimes through the net banking. I have not taken any of the loans in my insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India and I have not interacted with them as much. Coverage value is fine one with the Life Insurance Corporation of India and I have not claimed as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Better Jeevan saaral policy"
      0.5 5.0/5 "Blown Away!"
      I pay the premium amount of Rs,12000 every year once to the Jeevan saaral policy . I hold this policy for the past 18years. The customer support service and the response is good with the LIC and this policy ha the tenure of 20 years. The plan benefits and the policy coverage is very good with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good Jeevan anand policy"
      0.5 5.0/5 "Blown Away!"
      I got the LIC life insurance policy around 6years ago. The customer support service and the response is good with the LIC and this policy has good plan benefits and better policy coverage with this policy. I pay Rs,762 every 3 months once as premium amount. This policy has the tenure of 20years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Good Life insurance policy"
      0.5 5.0/5 "Blown Away!"
      If i missed my due date, the ECS is deducted from the bank where it is got deducted. In the branch the services is good. I never claimed the policy so far. I can claim this policy after 16 years. I used to make the payment through cash. Once i completed my policy, my amount will include some bonus and interest.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2018
    • LIC Life Insurance
      "Better policy"
      0.5 3.0/5 "Satisfactory"
      Their is a agent in LIC. In their customer care services, i wont get proper response. Whenever i have a issue, i will check withe a agent. Total tenure of the policy is more than 15 to 20 years, i cannot predict the money value in future. I'm not that much confidence on LIC. I used to pay through ECS. Death coverage, Disabled coverage is available.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 12, 2018
    • LIC Life Insurance
      "Best"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. Customer service is good one with the Life Insurance Corporation of India. Plan benefits are really fine one for me with the Life Insurance Corporation of India.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 12, 2018
    • LIC Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India from the last five years of time. Customer service is good one and the response is good too. Coverage value is fine one with the LIC of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2018
    • LIC Life Insurance
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Got the life insurance policy with the LIC and I have paid Rs,450 to this policy every month on month. The customer support service and the response is average with the LIC life insurance policy. The plan benefits and the policy coverage is very good with LIC.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2018
    • LIC Life Insurance
      "Best"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. Customer service is good one and the response is better one. Coverage value is around 2.5 lakh Rupees with the Life Insurance Corporation of India.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 3 years and it is a long term policy. I am happy with the returns and tax benefits of this policy. I pay my premium once in a year through net banking and i am convenient with the payment options. The maturity period for this policy is 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 11, 2018
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