Komal Jeevan (Children Money Back)

Age Limit of child: 0 to 10 (COMPLETED)
________Term: 16 to 26 (depends on child's age)
_Min / Max S.A.: Rs.1,00,000 / Rs. 25,00,000/-

Note: Premium paid by the Parent can avail Income Tax Concession under 88 A

Speciality: Rs.75/- per thousand per year guaranteed return
Avail "premium waver". (what is this ?)If Mr.X avail this option (premium waver) all benefits remain the same but after death of Mr.X, premiums are waved till maturity or its payment ceased / stopped.

CASH FLOW CHART

Life assured attains the age of _____Return From LIC
_____18____________________20% of S.A.
_____20____________________20% of S.A.
_____22____________________30% of S.A.
_____24____________________30% of S.A.

Death Benefit:
In case of death of the life assured before the commencement of risk, the policy shall stand cancelled and premiums paid (excluding the Premium for Premium waiver Benefit ) under the policy will be refunded. However, if death occurs after the commencement of risk but before the policy matures, the full Sum Assured plus Guaranteed Additions together with Loyalty Additions, if any, is payable.
Maturity Benefit:
The Guaranteed Additions together with Loyalty Additions, if any, is payable in a lump sum on survival to the end of the policy term.