Komal Jeevan - Table No. 159

BENEFITS :

Installment Benefits:
The Sum assured under this plan will be paid in Installments at periodic Intervals provided the policy is in force for full sum assured as under:

Guaranteed Additions:

Provided the policy is in full force, Rs. 75/- per thousand sum assured per annum at the end of each policy year will be added to the policy by way of guaranteed additions.

The guaranteed additions will be payable i) on death or ii) on maturity i.e. on policy anniversary immediately after the life assured attains the age of 26 years provided the risk has commenced under the policy.

Loyalty Addition:

After commencement of the risk under the policy, on the life assured surviving the stipulated date of maturity or on earlier death of the life assured and provided the policy is in full force, the policy may be eligible for payment of loyalty additions depending upon the Corporation's experience. No loyalty addition will be payable in the event of policy being surrendered or discontinued or made paid up before the date of maturity or the date of death.

Death Benefit:

In case of death of the life assured before the commencement of risk, the policy shall stand cancelled and premium paid (excluding the premium waiver benefit and term raider premiums) under the policy will be refunded in full.  However, if death occurs after commencement of risk but before policy matures the full sum assured together with guaranteed additions is payable without any deduction or adjustment for the among that may have been paid earlier by way of installment benefits.

Term raider Benefit:

Term raider benefit can be availed by the proposer to the extent of 20% of the basic sum assured under the policy not exceeding Rs 1,00,000/- .  The benefit will be payable in case of proposer dies before the policy anniversary on which the child is 18 years last birthday.

Policy as a GIFT:

Close relatives can give single premium policy to children as love and affection.