Lic komal jeevan 159

LIC of India presentsLIC of India presents KOMAL JEEVANKOMAL JEEVANLIC of India presentsLIC of India presents KOMAL JEEVANKOMAL JEEVAN
A PLAN
FOR
YOUR
BELOVED
CHILD
TO
HELP YOU
PROVIDE FOR
HIS/HER
HIGHER
EDUCATION
&
START-IN-LIFE

LIC of India presentsLIC of India presents KOMAL JEEVAN (Plan 159)KOMAL JEEVAN (Plan 159)LIC of India presentsLIC of India presents KOMAL JEEVAN (Plan 159)KOMAL JEEVAN (Plan 159)

Thoughts that cross every parent’s mind…….
At what stages in the
growth of my child
will I need to provide
money for higher
education
and start-in-life?
Can I plan properly so
that my dreams for my
child do not remain
unfulfilled for want of
sufficient money
When and how will I be
able to save such
money ? Will the
accumulation
be tax-free ?
Can I insulate my
savings from a desire to
withdraw under one
pretext or another ?

You can plan your
target savings amount
by saving in smaller
annual installments
instead of lump sum
Guaranteed sums will be
paid to you at your child’s
age 18, 20, 22, 24 and 26
years. i.e. when money is
needed most for child’s
higher education,
marriage and start-in-life.
Premiums waiver is available
for a small additional
premium, where future
premiums are waived in case
of unfortunate death of
proposer parent and still all
the benefits under the policy
are protected.
You can create a large
and guaranteed ‘Tax Free’‘Tax Free’
capital for your child
which will help him at
every stage in life.

Plan Details : :
For whom is the plan available?
Children upto 10 years of age
For what sums is insurance
available?
Rs. 1 lakh - Rs. 25 lakhs
For how many years is
premium payable ?
Up to child’s age 18 years.
Premium Payment Mode ?
Yly, Hly, Qly, Single Prem.
When does risk commence ?
Two 2 years from the
date of commencement of
the policy
OR
From policy anniversary
immediately following
completion of 7 years of
age, whichever is later.
Who can propose ?
 Father
 Mother (with own Income)
 Legal guardian in the
absence of father & mother

Age Premium
Payable
Term
Sum Assured Rs.
1 lakh 2 lakhs 5 lakhs 10 lakhs
0 18 7449 14694 36734 71,814
1 17 7938 15671 39178 76,665
2 16 8490 16775 41937 82,104
3 15 9111 18018 45044 88,229
4 14 9642 19080 47700 93,521
5 13 10427 20650 51624 1,01,263
6 12 11336 22467 56168 1,10,230
7 11 12414 24625 61561 1,20,814
8 10 13691 27178 67946 1,33,407
9 9 14680 29157 72892 1,43,256
10 8 16517 32831 82077 1,61,386

If policy is in full force (i.e. premiums
are paid uptodate), payment schedule is
as under.
Example : Sum Assured Rs. 5 lakhs;
Life Assured’s Age : 0 years
Guaranteed Addition :
Rs.75 per thousand Sum
Assured p.a. at the end of
each policy year will be
added provided the policy is
in full force.
This guaranteed is payable
on Death of life assured
(provided the risk has
commenced) or on Maturity.
Loyalty Additions may also be
payable on Maturity or on
Death after risk commences
depending on experience of
the Corporation.
% of Sum Assured
payable
On policy
anniversary falling
after child (life
assured) attains age
Rs. 1 lakh
(i.e. 20% of S.A.)
18 years
Rs. 1 lakh
(i.e. 20% of S.A.)
20 years
Rs. 1.50 lakh
(i.e. 30% of S.A.)
22 years
Rs. 1.50 lakh
(i.e. 30% of S.A.)
24 years
Rs. 9.75 lakhs
(Guaranteed Addn.)
plus loyalty addition
26 years

Illustration on Komal JeevanIllustration on Komal Jeevan
End of
year
Benefit on Survival / Maturity at the end of Year
Guaranteed Variable Total
Scenario 1 Scenario 2 Scenario 1 Scenario 2
18 20000 0 0 20000 20000
20 20000 0 0 20000 20000
22 30000 0 0 30000 30000
24 30000 0 0 30000 30000
26 195000 0 277000 195000 472000
Illustrations : Age at entry: 0 years Premium Paying Term: 1 Year
Single Premium: Rs.73,980/- Policy Term: 26 years
Sum Assured: Rs.1,00,000/-

Illustration on Komal JeevanIllustration on Komal Jeevan
Illustrations : Age at entry: 0 years Premium Paying Term: 1 Year
Single Premium: Rs.73,980/- Policy Term: 26 years
YearYear
TotalTotal
PremiumPremium
paid till endpaid till end
of yearof year
Benefit on Death during the year (Rs.)Benefit on Death during the year (Rs.)
GuaranteedGuaranteed VariableVariable TotalTotal
Scenario 1Scenario 1 Scenario 2Scenario 2 Scenario 1Scenario 1 Scenario 2Scenario 2
11 7398073980 7398073980 00 00 7398073980 7398073980
22 7398073980 7398073980 00 00 7398073980 7398073980
33 7398073980 7398073980 00 00 7398073980 7398073980
44 7398073980 7398073980 00 00 7398073980 7398073980
55 7398073980 7398073980 00 00 7398073980 7398073980
66 7398073980 7398073980 00 00 7398073980 7398073980
77 7398073980 145000145000 00 1200012000 145000145000 157000157000
88 7398073980 152500152500 00 1600016000 152500152500 168500168500
99 7398073980 160000160000 00 2100021000 160000160000 181000181000
1010 7398073980 167500167500 00 2600026000 167500167500 193500193500
1515 7398073980 205000205000 00 6700067000 205000205000 272000272000
2020 7398073980 242500242500 00 128000128000 242500242500 370500370500
2626 7398073980 287500287500 00 277000277000 287500287500 564500564500

Illustration : Survival BenefitIllustration : Survival Benefit
End of
year
Benefit on Survival / Maturity at the end of Year
Scenario
1
Scenario
2
Scenario
1
Scenario 2
18
20000 0 0 20000 20000
20
20000 0 0 20000 20000
22
30000 0 0 30000 30000
24
30000 0 0 30000 30000
26
195000 0 176000 195000 371000
Illustration 2: Age at entry: 0 years Premium Paying Term: 18 years
Annual Premium: Rs.7,281/- Policy Term: 26 years

Illustration: Risk CoverIllustration: Risk Cover
Illustration 2: Age at entry: 0 years Premium Paying Term: 18 years
Annual Premium: Rs.7,281/- Policy Term: 26 years
Year
Total
Premium paid
till end of
year
Benefit on Death during the year (Rs.)
Scenario 1 Scenario 2 Scenario 1 Scenario 2
1 7281 7281 0 0 7281 7281
2 14562 14562 0 0 14562 14562
3 21843 21843 0 0 21843 21843
4 29124 29124 0 0 29124 29124
5 36405 36405 0 0 36405 36405
6 43686 43686 0 0 43686 43686
7 50967 145000 0 3000 145000 148000
8 58248 152500 0 5000 152500 157500
9 65529 160000 0 8000 160000 168000
10 72810 167500 0 11000 167500 178500
15 109215 205000 0 43000 205000 248000
20 131058 227500 0 71000 227500 298500
26 131058 242500 0 91000 242500 333500

Illustration:Illustration: Assumptions andAssumptions and
DisclaimerDisclaimer
i)    This illustration is applicable to a non-smoker male/female
standard (from medical, life style and occupation point of view) life.

ii)   The non-guaranteed benefits (1) and (2) in above illustration are
calculated so that they are consistent with the Projected Investment
Rate of Return assumption of 6% p.a.(Scenario 1) and 10% p.a.
(Scenario 2) respectively. In other words, in preparing this benefit
illustration, it is assumed that the Projected Investment Rate of
Return that LICI will be able to earn throughout the term of the
policy will be 6% p.a. or 10% p.a., as the case may be. The Projected
Investment Rate of Return is not guaranteed.

iii)  The main objective of the illustration is that the client is able to
appreciate the features of the product and the flow of benefits in
different circumstances with some level of quantification.

• Is Medical Examination
required?
 No, it is not required for
this plan.
• When does the policy vest
in the Life Assured.?
 On the policy anniversary
immediately after he/she
attains majority
• Can premium waiver be
availed by proposer?
 Yes, upto the proposer’s age
50 years, on payment of
small additional premium.
• Is Term Rider Benefit
available ?
 Yes, it is available to the
proposer to the extent of
20% of the basic Sum
Assured under the policy
not exceeding Rs.1 lakh &
payable in case of
unfortunate death of the
proposer before the policy
anniversary on which the
child completes 18 years.
• Is Accident Benefit
available under the plan ?
 No

Popularity MeterPopularity Meter
3,75,456 policies
sold in 2003-04
in the 1st
full year
after introduction

Lic komal jeevan 159

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Lic komal jeevan 159