LIC’s JEEVAN KISHORE is a tailor made policy which secures your child’s educational and careers aspirations and also provides your child with a financially secure and comfortable life after that.

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JEEVAN KISHORE


LIC's JEEVAN KISHORE is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.


Survival Benefit:

Sum assured along with all bonuses declared during the policy term is payable in a lump sum on survival to the end of the policy term.

Death Benefit:

The Sum Assured along with vested bonuses, if any, is payable in a lump sum upon the death of the life assured after the commencement of the risk. If death occurs before the commencement of the risk, the premiums paid excluding the premiums for the Premium Waiver Benefit, if any, will be refunded.

Premium Waiver Benefit:

This is an optional benefit that can be added to your basic plan. An additional premium is required to be paid for this benefit. By payment of this additional premium, the proposer can secure the benefit of cessation of premiums from his/her death to the end of the deferment period. The deferment period for this purpose is to be taken as 18 minus age at entry of child.

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.