komal_jeevan

8/8/2019 komal_jeevan

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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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