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Children are the wealth of the nation. Shape their future.
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FROMFROMFROM
CRADLECRADLETOTOTO
CONVOCATIONCONVOCATIONCONVOCATION
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E(I)NSURING SMILES ALL THE WAYFor many , Life revolves around Children
For some , Children are LifeChildren are Life .
Plan cash flow for the
easy Take off
of your childs future
----Create Yet another reason to call you
The Best ParentsThe Best Parents
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KOMAL JEEVANKOMAL JEEVANChildrens Money Back planChildrens Money Back plan
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BENEFITS
Instalment Benefits:
The Sum Assured will be paid in instalments atperiodic intervals provided the policy is in force for
full Sum Assured as under:
20% of the Sum Assured on each of the policyanniversaries immediately after the Life Assuredattains the age of 18 and 20 years.
30% of the Sum Assured on each of the policyanniversaries immediately after the Life Assuredattains the age of 22 & 24 years.
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ADD OnsADD Ons ::
1)1) GuaranteedAdditions Rs.75 per thousandSum Assured per annum at the
end of each policy year will be added to the policy
provided the policy is in full force,
These are payable
on Death of life assured (provided the risk has
commenced under the policy) or
on Maturity i.e. on policy anniversary immediatelyafter the Life Assured attains the age of 26 years.
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2) Loyalty Addition :
Loyalty Additions may also be payable on
Maturity or on Death after thecommencement of the risk, depending on
the experience of the Corporation.
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Death Benefit
In the event of unfortunate death ofthe life assured , during the risk
period , the Sum Assured togetherwith Guaranteed Additions is
payable.
Note : Prior to the risk period premiums would be refunded as per usualnorms
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Eligibility Parameters
Age at entry : 0 - 10 years
Premium Payment Ceasingage : 18 Years
Maturity age : 26 years Mode of Premium Payment : Single premium, Yearly, Half-
yearly, Quarterly & SSS.
Minimum Sum Assured : Rs.1,00,000/-
Maximum Sum Assured : Rs.25,00,000/-
Note: Policy will be issued only in multiples of Rs.25,000/-.
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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.
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Who can PROPOSE?
Father
Mother ( female category I and II )
Legal guardian can propose under the
plan. (in the absence of father/mother)
Proposal Form : Form No. 360 to be used
for this plan
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POLICYAS A GIFT
The close relations such as grandparents, elder
brothers or sisters, uncles both from paternal or
maternal side can gift 'single premium policy'for love and affection under this plan. in such
cases also, the policies will be proposed by
father, mother or legal guardian.
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Premium Rebates:
Yearly Mode - 2% of tabular premium
Half-Yearly Mode - 1% of tabular premium
Quarterly - No rebate
Sum Assured Rebates:
Sum Assured greater than or equal toRs.200000/- : Rs.1.00 per thousand Sum
Assured
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Medical Examination :No medical examination of the Life assured is
required.
Vesting:
Policy shall automatically vest in the Life
Assured on the policy anniversaryimmediately after he/she attains majority.
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COMMENCEMENTOFRISK
Risk will commence after 2 years from the
date of commencement of the policyOR
From the policy anniversary immediately
following the completion of 7 years of age,whichever is later.
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Premium Waiver Benefit
Premium waiver benefit can be availedbyby
the proposerthe proposerat a small additionalpremium.
Under normal underwriting requirements
proposers up to the age of 50 (nearerbirthday) are eligible.
(Medical of the proposer at their cost)
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Term Rider Benefit
Term Rider Benefit can be availed by the proposerby the proposer
to the extent of 20% of the basic Sum Assured under
the policy not exceeding Rs.100000/-. The benefit will be payable in case the proposerthe proposerdies
before the policy anniversary on which the child
completes 18 years.
Conditions are similar to that of Premium WaiverBenefit.
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Accident Benefit
This Plan is not be eligible for the
accident or permanent disability
benefits.
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LOANNo loan can be granted under this policy.
GuaranteedSurrender Value:
This policy can be surrendered for cash after
expiry of 3 policy years *
( * at least 3 years premiums have been paid )
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Revival ofDiscontinued Policies
The lapsed policy may be revived during
the life time of the Life Assured, but within
5 years from the date of the F U P.
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Product Mix(Contt)
Combination ofKomal Jeevan with JeevanKishore would be an ideal product mix toreceive the installments of cash flow(education)
and a lump sum amount (maturity of JeevanKishore)would provide for the START-IN -LIFEfor your child.
Komal Jeevan supplemented with table No.14 ie.Endowment plan at the appropriate time alsomakes a very good product mix to plan for cashflow at planned intervals.
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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 canbe finely tunedso that from age
eighteen years, the child can receive the installments
every calendar year till the maturity of the policies.
Lump Sum amounts can thenbe utilised for
Start - In - Life.
Note : Dated back premium amount is charged interest.
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Benefit Illustration
AGEPREM-
TERM
ANNUAL-
PREM
PWB -
PREM
PREMFOR
THETERM
SURVIVAL
BENEFITS.GUARANTEED
ADDITIONS
0 18 7281 251 131058 100000 195000
2 16 8310 258 132960 100000 180000
4 14 9452 265 132328 100000 165000
5 13 1022
32
71 132
899 100000 1575007 11 12181 298 133991 100000 142500
9 9 14426 310 129834 100000 127500
10 8 16239 333 129912 100000 120000
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Exactly!You have rightly identified the Target Group.
Young Parents / Grand Parents withYoung Parents / Grand Parents with
Children / Grand Children below 10 yearsChildren / Grand Children below 10 yearsbelonging to Average and High income groupbelonging to Average and High income group
with a Life stylewith a Life style
and who aspire for more in future.and who aspire for more in future.
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This group has similar needs
like buying chocolates, books,
school bags, toys , shoes, vaccinations
and other requirements for their children.
Create AwarenessAwareness that
InsuranceInsurance is also one of the
NEEDSNEEDS of their children.
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KOMAL JEEVANKOMAL JEEVAN
LifesBiggest Investmentsare our
CHILDREN.
Help Identify their Dreams andHelp Identify their Dreams and
make them come true.make them come true.
A Small Step leads to BIG RESULTSA Small Step leads to BIG RESULTS
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