Lic jeevan chhaya 103

• Ideal Plan for making financial provision for children’s higher education and/or marriage and/or start-in-life.• Guaranteed sums are paid per annum in the last 4 years.• Additional risk cover, at no extra cost, during the term. In case of unfortunate death during the term, basic sum assured is paid immediately and guaranteed sums are paid on the specified dates.

Multiple benefits in one policyMultiple benefits in one policy

LIC presents Jeevan Chhaya ( Plan 103) AttractiAttracti

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• Inbuilt premium waiver benefit, at no extra cost. • Term can be so chosen to coincide guaranteed sums with the when requirement arises.

• This is a with profit policy and bonuses are paid on date of maturity along with terminal bonus, if any.

Combines well with Money Back Policies for regular cash flow

LIC presents Jeevan Chhaya ( Plan 103) AttractiAttracti

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Who can avail of this plan?Who can avail of this plan?

Those aged between 18 Those aged between 18 years (completed) and 45 years (completed) and 45 years (near birthdayyears (near birthday)

For how many years is premium payable ?

You can choose premium payment terms between 18 and 25 years. Premium is payable throughout the policy term. For what sums is insurance For what sums is insurance

available under this plan ? available under this plan ?

Minimum Rs. 50,000. Minimum Rs. 50,000. Maximum : no limit, but Maximum : no limit, but depends upon incomedepends upon income

What is the maximum age at What is the maximum age at maturity permissible?maturity permissible?

The maximum age at The maximum age at maturity permissible under maturity permissible under this plan is 65 years. this plan is 65 years.

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LIC presents Jeevan Chhaya ( Plan 103)

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Special Features

This policy is available under non-medical scheme up to sum assured of Rs.1 lakh, if the prospect parent is having a child of less than one year of age as on date of registering the proposal.

This non-medical limit is inclusive of non-medical considered under the other plans.

LIC presents Jeevan Chhaya ( Plan 103) FeatuFeatu

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Select a term so that the guaranteed payments coincide withThe requirements of your child’s education and/or marraige

Guaranteed Benefits : Schedule

Policy termin

years

25% of Sum

Assured payable after ... years

25% of Sum


25% of Sum


25% of Sum Assured plus Vested Bonus

plus Terminal Bonus (if any) payable after

…..years

18 15 16 17 1819 16 17 18 1920 17 18 19 2021 18 19 20 2122 19 20 21 2223 20 21 22 2324 21 22 23 2425 22 23 24 25


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Elements of Money Back and Jeevan MitraElements of Money Back and Jeevan Mitra

Death Cover

Natural:Besides the guaranteed fixed benefits in the last 4 years, an additional amount equal to the Sum assured will be paid on the death of the policy holder during the term. Future premiums , falling due from the policy anniversary following the date of death will stand waived.

Accidental:Payment of double the Sum assured plus the guaranteed fixed benefits during the last 4 years. Future premiums, falling due from the policy anniversary following the date of death will stand waived.

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Illustration 1 (Table 103) Age at entry : 35 Years Policy Term : 25 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 4653 /-


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Illustration 1 (Table 103) Age at entry : 35 Years Policy Term : 25 Years Mode of premium payment : YearlySum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 4653 /-


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Illustrations : Illustrations : Assumptions and DisclaimerAssumptions and Disclaimer


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thank you


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Popularity MeterPopularity Meter : 5,45,464 policies sold in 2003-04

Lic jeevan chhaya 103

Economy & Finance

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