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Mr.Pradeep Diwan
LIC Agent
7C / 8C, Parekh Nagar Indl. Estate,
S. V. Road, Kandivli (West), Mumbai -
400067
Maharashtra, India.
Tel: 28050377/
28055576
Fax: 28056748
Cell: 9324422924
pradeep@licinsurance.com |
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JEEVAN
CHHAYA
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This
plan is best suited for some one planning
for children's higher education or marriage,
as money back instalments are payable in the
last four years of the term choosen. Couples
having a child aged less than 1 year can take
this policy without having to undergo any
medical examination. Others with or without
a child aged less than a year can also opt
for the policy, but would have to undergo
medical examination
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A
policy where sum insured is payable to the
life assured in four equal instalments in
the last four years of the tenure of the policy
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Full
sum insured becomes payable in case of death
of the life assured within the term and additionally
money back instalments are payable
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Bonus
for the full term plus any additional bonus
is payable on the date of maturity
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Premiums
cease on death or on expiry of term whichever
is earlier
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This
plan can be availed for terms between 20 and
25 years
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Under
this plan, irrespective of the life assured
surviving the term, four equal instalments
of the sum assured are payable in the last
four years of the tenure of the policy
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For
example, for the term of the policy is 20
years, for every Rs 1,00,000 of sum assured,
Rs. 25,000 each is payable at the end of 17th,
18th, 19th and 20th policy year. If the death
occurs in the 18th year, full sum insured
without bonus is payable immediately. The
balance three instalments of one-fourth sum
assured each, will be paid in the 18th 19th
and 20th policy year
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Minimum
amount of Sum Insured - Rs. 30,000
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Minimum
premium must be Rs.800 per annum
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Minimum
age at entry - 18 years completed
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Maximum
age at entry - 40 years
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Maximum
age at entry can be raised to 45 years if
the original or attested birth or school certificate
is submitted as age proof
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Maximum
maturity age - 65 years
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For
proposals without medical certificate, a declaration
has to be given
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Some
restrictions apply for female lives
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