LIC Jeevan Chhaya

Recommendations :No

Name of the policy :
LIC Jeevan Chhaya

A brief desciption :

LIC Jeevan Chhaya Plan is a Money Back Endowment Plan for the benefit of a child such that Sum Assured is paid immediately to the nominee on death of the Life Insured and the future premiums are waived but the policy continues. 25% of the Sum Assured is given back to the Life Insured on survival or to the nominee on his death in the last 4 policy years and the accrued bonus and final addition bonus would also be paid on maturity, irrespective of whether the life insured is alive or not.

Started date :1/3/1991
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 50,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :18-47 Years

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Table of Contents