Why Should You Invest On LIC's Komal Jeevan?
-Premium payable is quite low as compared to other conventional life insurance plans.
You need to pay premium only upto your child's age of 17 years whereas the policy is valid upto its age of 26 years.
-There is a Guaranteed Addition @ Rs 75.00 per Rs 1000/- of the sum assured per annum. This is different from normal bonus. While bonus is subject to variation depending on the market as on the day of valuation, GA (Guaranteed Addition) is independent of market fluctuation and is a guaranteed commitment from LIC.
-Loyalty Addition payable on the child's attaining 26 years age is likely to be quite impressive.
GA is calculated upto age 26 (unless in case of child not being alive till then) whereas premium is payable only upto age 17. In other words, there is a free GA @ Rs 75.00 per Rs 1000/ of the sum assured for 9 years !
-Installments received at the child's age of 18,20,22 and 24 can be better utilized, not to speak of the amount available at the age of 26 which is quite substantial.
-Premium paid enjoys I.T exemption upto Rs 1 Lakh per annum under section 80 C of the I.T Act along with certain other investments provided under the same section, whereas claim/surrender values as and when received enjoys I.T exemption under section 10(10D).
-Last but not least, no evidence of health of the child is required for issuing the policy, since the maximum age of entry under the plan is only 10 years.
For more Details visit http://www.insuranceindiamart.com/
Sunday, November 20, 2011
Subscribe to:
Posts (Atom)
Posts
