1. Komal Jeevan Because every child deserves the best, GUARANTEED!!
Table No.159
Komal Jeevan
Because every child deserves the best, GUARANTEED!!

2. Features
Excellent plan to help support child’s higher education and start-in-life
Money is paid at crucial ages: 18th, 20th, 22nd, 24th and 26th years
Highest guaranteed addition available among all plans i.e. of Rs 75/- per 1000
No medical examination of the life assured is required

3. Features contd..
Risk will commence after 2 years from the date of commencement of the policy OR
From the policy anniversary immediately following the completion of 7 years of age, whichever is later.

4. Eligibility Who can avail the plan ?
Child aged between age 0 years to 10 years
The maturity for all will be at 26 years of age
Min SA 1,00,000/- and Max SA 25,00,000/-
For how many years is premium payable ?
Premium ceasing age is 18 years and one can pay in SSS, quarterly, half-yearly, yearly & Single mode
For how many years is risk cover available ?
For whole policy term of the plan

5. Benefits Survival benefit :
The Sum Assured under this plan will be paid in instalments at periodic intervals provided the policy is in force for full sum assured as under:
20% of the Sum Assured immediately after the life assured attains the age of 18 years
20% of the Sum Assured immediately after the life assured attains the age of 20 years
30% of the Sum Assured immediately after the life assured attains the age of 22 years
30% of the Sum Assured immediately after the life assured attains the age of 24 years

6. Benefits contd.. Guaranteed Additions: (Maturity benefit)
Guaranteed Addition of Rs 75 per thousand is payable per annum at the age of 26 at the end of each policy year. This will be added to the policy provided the policy is in full force +
Loyalty Addition, if any:
Loyalty Additions will also be payable on maturity or on death after the commencement of the risk under the policy based on the rates declared from time to time , depending on the experience of the Corporation

7. Benefits contd.. Death Benefits: Accident Benefit:
In the event of unfortunate death during the term, after the commencement of risk but before policy matures:-
The sum assured with guaranteed additions is payable without deducting amount that may have been paid earlier by way of instalment benefits
Accident Benefit:
This Plan will not be eligible for accident or permanent disability benefits

8. Optional Term Assurance Rider
Term Rider Benefit can be availed by the proposer to the extent of 20% of the basic Sum Assured under the policy not exceeding Rs /-
The benefit will be payable in case the proposer dies before the policy anniversary on which the child completes 18 years
Conditions are similar to that of Premium Waiver Benefit

9. Optional Premium waiver benefit
Premium waiver benefit can be availed by the proposer at a small additional premium
Under normal underwriting requirements proposers up to the age of 50 (nbd) are eligible
(Medical of the proposer at their cost)

10. Dating Back of the Policy
Is possible. Avail of an extra benefit by offering a combination of two Komal Jeevan Policies (dated back appropriately)
The cash flow can be finely tuned so that from age eighteen years, the child can receive the installments every calendar year till the maturity of the policies
Lump Sum amounts can then be utilized for Start - In -
Life
Note : Dated back premium amount is charged interest.

11. AGE PROOF :
For children aged 5 years and above, a certified extract from the school records will be accepted as proof of age
In other cases, certified extracts from Municipal records made at the time of birth will only be accepted as age proof