LIC JEEVAN CHAYA

HIGHLIGHTS

Ideal for parents having less than one year old child Makes Provision for education / marriage of the child Extra benefit of waiver of premium in case of death of the policy holder

ELIGIBILITY

Minimum Age at Entry : 18 Years ( completed )

Maximum Age at Entry : 45 Years

Maximum Age at Maturity : 65 Years

Minimum Sum Assured : Rs. 10,000/-

Policy Terms : 20, 21, 22, 23, 24 or 25 Years

BENEFITS

Permanent Disability : Benefit Available Fixed Benefits : 25% of the Sum Assured payable each year at the end of last 3 years before maturity Maturity Benefit : Balance 25% of the Sum Assured + Bonus + Additional Final Bonus Example, if the policy is for 20 years At the end of 17th Year - 25% Sum Assured is payable At the end of 18th Year - 25% Sum Assured is payable At the end of 19th Year - 25% Sum Assured is payable Maturity : At the end of 20th Year - Balance 25% S.A. + Bonus + Additional Final Bonus Death before Maturity : Natural Accidental Besides the Fixed benefits, an additional amount equal to full Sum Assured will be paid on the death of Policy Holder. Further premiums waived. Payment of double the sum assured + Fixed benefit. Further Premiums waived Income Tax Rebate : Under Section 88 on premiums paid 100% Income Tax Free : Permanent Disability, Maturity and Death Claims