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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
SUKANYA
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This
plan is exclusively designed for female child
aged 1 to 12 years. Basically, it is a limited
premium payment plan for the child providing
risk cover after a deferment period. In view
of the multiple benefits the policy offers,
any girl child between 1 to 12 years may opt
for this policy. When the life assured gets
married, a free insurance cover extends on
the life of husband also.
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Girl
child between ages 1 and 12 years only is
eligible.
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Father,
mother and if they are not alive, legal guardian
can submit proposal on the life of the child.
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Risk
under the policy commences from policy anniversary
falling immediately after attainment of age
7 years of the child or 2 years from date
of commencement of policy, whichever is later.
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Policy
vests on the life assured after the life assured
attains majority.
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When
the child gets married, a free insurance cover
extends for the life of husband also.
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The
premium payments are to be made for a period
equal to 20 years minus age at entry. Policy
term is fixed at 50 years minus age at entry.
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No
bonuses are payable during waiting period.
However, once risk commences bonus vests for
waiting period.
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Premium
waiver benefit available : for this deferred
period is reckoned as equal to 18 minus age
at entry.
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On
surviving premium paying term, full sum assured
is paid as survival benefit. The policy continues
with risk cover and participates in profit
up to age 50 years.
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On
the life assured surviving up to date of maturity
only vested bonuses will be payable, the sum
assured having already been paid as survival
benefit.
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If
the life assured gets married, insurance cover
commences for husband. If the husband pre-deceases
the life assured during the term of the policy,
full sum assured without bonuses is payable.
The contract does not come to an end and continues
on the life of the woman and participates
in the profit.
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In
case the life assured dies before the risk
is commenced (i.e. during deferred period),
premiums paid (including pwb premiums) are
refunded and the contract comes to an end.
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In
case of the death of life assured after the
risk commences, but before date of maturity,
full sum assured along with vested bonuses
are payable.
Risk on the
life of husband
On the marriage
of the life assured, a free cover extends on
the life of the husband also with no additional
premium payment.
The Risk on husband's life commences from :
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Policy
anniversary falling on or immediately after
completion of 20 years of age by the life
assured.
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Three
calender months after date of marriage or
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One
calender month after receipt of intimation
of marriage with proper evidence, whichever
is later.
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Minimum
sum assured:Rs.30,000.
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Maximum
sum assured:Rs.5,00,000.
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Minimum
premium must be Rs.800 per annum
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No
medical exam if the age of the child is less
than 10 years.
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Proposals
from children who are not attending school
even after 5 years of age will not be entertained.
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A
joint declaration signed by both parents declaring
state of health of the child is required to
be submitted.
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The
period from date of commencement of policy
to the date of commencement of risk is known
as waiting period. Waiting period in no case
will be less than 2 years.
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No
Accident Benefits and Extended Permanent Disability
Benefit (EPDB) under this plan.
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Permanent
Disability Benefit (PDB) only from date of
vesting.
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Evidence
of marriage :
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