LIC’s JEEVAN CHHAYA is a right policy for a person who wants to provide funds for daughter's marraige.

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JEEVAN CHHAYA


LIC's JEEVAN CHHAYA is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy


Survival Benefit:

25% OF the SA is given every year during the last 4 years of maturity to the policyholder, if he is surviving. Otherwise, to the nominee if policyholder dies anytime during policy life or during the years before maturity. On maturity, bonus on the full SA & final additional bonus if any is given alongwith the last 25% balance of SA

Death Benefit:

If the policyholder dies during the life of the policy, SA is paid immediately to the nominee. Future premiums are waived. Further, 25% of SA every year during the last 4 years of term will also be paid. Apart from this, bonus for the full term alongwith final additional bonus if any will be paid at the end of the term.

TAX SAVING :
Premium paid in that financial year towards all life insurance come  with Tax rebate under Sec 80C and in case of Health insurance under sec 80D.