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  • LIC Komal Jeevan Plan

     4.5 / 5.0   by 991 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 50 1 2 3 4 5
    • LIC Life Insurance
      "Best personal insurance policy"
      0.5 5.0/5 "Blown Away!"
      My life was insured with Money back policy. They are having a accidental benefits. Because of the trust in LIC i have chosen with this company. The policy has been covered with accidental and death benefits. I am going to get a first cashback by next month. I have purchased this policy in 2014.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • LIC Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the life insurance policy with the LIFE INSURANCE CORPORATION OF INDIA and i am using it from past 2006 where the tenuity period is for 20 years policy. I have taken the MONEY BACK policy and i got money back for two times. The premium is 560 rupees for 3 months once.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Nov 16, 2018
    • LIC Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have a term plan policy with LIC. It was taken in the year of 2009. The tenure period is 10 years and almost 9 nine years completed. Every 4 years, I got some maturity amount. It is a money back policy. The policy coverage and benefits are good. For one year, the premium is Rs.2800.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 5 years and it is a money back policy. I get money back after every 4 years in this policy. I pay my premium once in 3 months through online and i am convenient with the payment options. The tenure period for this loan is 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • LIC Life Insurance
      "Benefits should be improved"
      0.5 5.0/5 "Blown Away!"
      Every people trust on LIC, I have money back policy with them. Per month I am paying Rs. 4500 for total tenure of 25 years. As compared to other policy they are not providing proper benefits but still we trust the insurance company because of the reputation. Still need to work on the benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 12, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken my money back policy 1 year back. My friend who is working as a LIC agent has referred this policy. I have chosen the payment of Rs. 4460 which is a quarterly payment. They have offered me a sum assured amount of Rs. 3 lakhs and i have to pay the premium for 12 years. I used to make the payment through cash.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • LIC Life Insurance
      "GOOD SERVICE"
      0.5 4.5/5 "Excellent!"
      I have taken the MONEY BACK policy with the LIFE INSURANCE CORPORATION OF INDIA, the premium i pay on monthly basis for this policy where i have pay my premium for ling term. The maturity period is for 20 years for this life insurance policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 11, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a person whom i contact, he is employee of LIC. If i have any doubts, i will clarify with him. I purchased the money back policy in 2000. I pay the premium amount of Rs. 21000 annually. I have chosen the annual payment mode. Total tenure period of the policy 20 years and 5 years is a lockin period. This is tax benefitable policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 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
      , pune
      Reviewed on Nov 01, 2018
    • LIC Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the MONEY BACK policy with the LIFE INSURANCE CORPORATION OF INDIA. I am using it from many years where they have give the money back for 4 years once. It is a good policy to use added on that it gives the self coverage from this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 27, 2018
    • LIC Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the MONEY BACK POLICY with the LIFE INSURANCE CORPORATION OF INDIA from last 14 years. The maturity period is for 20 years it gives the coverage for self. The service is good and also i am getting money back for 5 years once.
      Was this review helpful? 0
      , dindigul
      Reviewed on Oct 18, 2018
    • LIC Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the policy of life insurance with LIFE INSURANCE CORPORATION OF INDIA before 3 years because of the brand value. I am holding the money back policy where the premium i am paying for monthly one as 15k. This gives the coverage for me and my spouse.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 12, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 15 years and it is a money back policy. I get money back after every 5 years. I pay my premium once in 6 months through direct payment and i am convenient with the payment options. The tenure period for this policy is 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 13 years and it is a money back policy. The maturity period for this policy is 16 years. I pay my premium once in 3 months through online payments and i am convenient with the payment options. I get money back after every 3 years.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 11, 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 good tenure period .
      Was this review helpful? 0
      , thane
      Reviewed on Oct 09, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      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 taken this policy 1992 and i have to pay till 2020 .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 06, 2018
    • LIC Life Insurance
      "Experience is good"
      0.5 4.0/5 "Great!"
      I also have a money back policy with LIC. In this policy I would get a bonus every few years and I would also get my benefit after the maturity term. The premium is paid on a half yearly basis. The payment options are very convenient and I can pay it online.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2018
    • 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? 2
      , 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? 1
      , 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
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