Lic Komal Jeevan
vs
Lic Siip

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Lic Komal Jeevan vs Lic Siip

Lic Komal Jeevan

LIC has been very dynamic in introducing plans according to different individuals' demands. The LIC Komal Jeevan Plan is exclusively fabricated for children between the ages of 0 and 10. When a newborn baby steps into the family, the parents experience a mix of excitement and anxiety. They become ov...

Lic Siip

LIC SIIP is a unit-linked non-participating individual life insurance plan. The plan comes out as an opportunity to monetize the investment options offered by the market. The plan is available offline and online along with four different fund options to invest your hard-earned money. Like all other ...

PLAN DETAILS

Lic Komal Jeevan


Lic Siip

Premium Including GST
Key Features
(Key features of the plan)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Guaranteed Additions
  • Loyalty Additions
  • Survival Benefits
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions
Plan Maturity age Maximum Maturity Age - 26 years Maximum Maturity Age - 85 years
Premium payment term 18 years 10 to 25 years
Plan Entry Age Minimum Age - 90 days Maximum Age - 10 years Minimum Age - 90 days Maximum Age - 65 years
Sum assured Rs 1 lakh to Rs 25 lakhs Rs 10 lakhs to No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 10 years Maximum term - 26 years Minimum term - 10 years Maximum term - 25 years
Claim Settlement Ratio (2023-24) 98.62 98.62
Recommended Videos
LIC Komal Jeevan Plan | LIC Children Moneyback Plan | Best LIC Child Insurance Plan

LIC Komal Jeevan Plan | LIC Children Moneyback Plan | Best LIC Child Insurance Plan

Know More About Plans

Overview

LIC has been very dynamic in introducing plans according to different individuals' demands. The LIC Komal Jeevan Plan is exclusively fabricated for children between the ages of 0 and 10.

When a newborn baby steps into the family, the parents experience a mix of excitement and anxiety. They become overwhelmed by the responsibilities of a new member, such as education, marriage, health, etc. While you start saving for your child's education and marriage, it also becomes significant to safeguard your child from any life uncertainties.

LIC Komal Jeevan Plan gives you earned returns along with the sum assured when the maturity period arrives or the child attains the age of 18 years, whichever happens first.

LIC Navjeevan Plan offers you a range of benefits including:

why-choose
  • Guaranteed Additions
  • Loyalty Additions
  • Maturity Benefits
  • Surrender Value Benefits
  • Death Benefits

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.