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2. • Ideal Plan for making financial provision for
children’s higher education and/or marriage
and/or start-in-life.
• Guaranteed sums are paid per annum in the
last 4 years.
• Additional risk cover, at no extra cost, during the
term. In case of unfortunate death during the
term, basic sum assured is paid immediately
and guaranteed sums are paid on the
specified dates.
Multiple benefits in one policyMultiple benefits in one policy
LIC presents Jeevan Chhaya
( Plan 103)
AttractioAttractio
nsns
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

3. • Inbuilt premium waiver benefit, at no extra cost.
• Term can be so chosen to coincide guaranteed
sums with the when requirement arises.
• This is a with profit policy and bonuses are paid
on date of maturity along with terminal bonus,
if any.
Combines well with Money Back Policies for regular cash flow
LIC presents Jeevan Chhaya
( Plan 103)
AttractioAttractio
nsns
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

4. Who can avail of this plan?Who can avail of this plan?
Those aged between 18 yearsThose aged between 18 years
(completed) and 45 years (near(completed) and 45 years (near
birthdaybirthday)
For how many years is premium
payable ?
You can choose premium
payment terms between 18 and
25 years. Premium is payable
throughout the policy term.
For what sums is insuranceFor what sums is insurance
available under this plan ?available under this plan ?
Minimum Rs. 50,000.Minimum Rs. 50,000.
Maximum : no limit, butMaximum : no limit, but
depends upon incomedepends upon income
What is the maximum age atWhat is the maximum age at
maturity permissible?maturity permissible?
The maximum age at maturityThe maximum age at maturity
permissible under this plan is 65permissible under this plan is 65
years.years.
FeatureFeature
ss
LIC presents Jeevan Chhaya
( Plan 103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

5. Special Features
This policy is available under non-medical
scheme up to sum assured of Rs.1 lakh, if the
prospect parent is having a child of less than
one year of age as on date of registering the
proposal.
This non-medical limit is inclusive of non-
medical considered under the other plans.
LIC presents Jeevan Chhaya
( Plan 103)
FeatureFeature
ss
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

6. Select a term so that the guaranteed payments coincide with
The requirements of your child’s education and/or marraige
Guaranteed Benefits :
Schedule
Policy term
in
years
25% of Sum
Assured
payable
after ... years
25% of Sum
Assured
payable
after ... years
25% of Sum
Assured
payable
after ... years
25% of Sum Assured plus
Vested Bonus plus
Terminal Bonus (if any)
payable after …..years
18 15 16 17 18
19 16 17 18 19
20 17 18 19 20
21 18 19 20 21
22 19 20 21 22
23 20 21 22 23
24 21 22 23 24
25 22 23 24 25
LIC presents Jeevan Chhaya
( Plan 103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

7. Elements of Money Back and Jeevan MitraElements of Money Back and Jeevan Mitra
Death Cover
Natural:
Besides the guaranteed fixed benefits in the last 4 years, an
additional amount equal to the Sum assured will be paid on the
death of the policy holder during the term. Future premiums ,
falling due from the policy anniversary following the date of
death will stand waived.
Accidental:
Payment of double the Sum assured plus the guaranteed fixed
benefits during the last 4 years. Future premiums, falling due
from the policy anniversary following the date of death will
stand waived.
BenefitBenefit
ss
LIC presents Jeevan Chhaya
( Plan 103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

8. Illustration 1 (Table 103) Age at entry : 35 Years
Policy Term : 25 Years Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 4653 /-
LIC presents
Jeevan Chhaya
( Plan
103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

9. Illustration 1 (Table 103) Age at entry : 35 Years
Policy Term : 25 Years Mode of premium payment : Yearly
Sum Assured : Rs. 1,00,000 /- Annual Premium : Rs. 4653 /-
LIC presents
Jeevan Chhaya
( Plan
103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

10. Illustrations :Illustrations :
Assumptions and DisclaimerAssumptions and Disclaimer
LIC presents
Jeevan Chhaya
( Plan
103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations

11. thank you
LIC presents Jeevan Chhaya
( Plan 103)
IntroIntro
FeaturesFeatures
BenefitsBenefits
IllustrationsIllustrations
Popularity MeterPopularity Meter : 5,45,464 policies sold in 2003-04