LIC’s Komal Jeevan Plan is a children’s money back policy in which the premium is returned on the policy anniversary after the child attains 18 years, 20 years, 22 years and 24 years. If the child dies within the policy tenure after risk commencement, then the Sum Assured along with Guaranteed Additions are paid and the policy is terminated. LIC Komal Jeevan Features In case of death of policy holder sum assured along with vested bonuses and guaranteed additions will be paid. If no risk cover is taken then all premiums paid till date will be returned. On maturity of the policy sum assured and accrued bonuses and guaranteed additions will be paid. A specified 20% of Sum Assured will be paid in intervals after your child turns 18 till the child turns 24. The policy gives an option for waiver of premium rider by paying additional nominal premium in advance. In case you want to cancel the policy after 3 years, the minimum guaranteed surrender value before risk cover is equivalent to 90% of all premiums minus first year premium. Child’s life is covered in this policy from the age of 7. You have to pay premium till your child’s…