About LIC Jeevan Chhaya Plan 103
LIC Jeevan Chhaya was designed to offer monetary benefit in the form of the death beenfit and regular returns for the last 4 years of the policy. The entitled returns shall be equal to one-fourth of the basic sum assured and is payable whether the policyholder lives or dies. This benefit is in addition to the sum assured on death that is guaranteed to the policyholder’s family, provided that the policy is in force and due premiums have been paid. The premiums against the policy is can be paid monthly, quarterly, half-yearly, or yearly.
The entitled benefits can be calculated prior to purchase using the LIC Jeevan Chhaya Plan 103 Maturity Calculator. Let’s understand this tool in more detail.
LIC Jeevan Chhaya Plan 103 Maturity Calculator
This is an online tool that can be used to calculate the maturity benefits offered by the plan. The tool can be tweaked until you reach your desired coverage against the premiums that fit your budget. Given that every user has a unique way towards financial decision making, the tool ensures that every user gets a personalized approach. It can be accessed at LIC’s official platforms, including its website and the mobile application, which indicates the reliability of the tool.
Eligibility Of LIC Jeevan Chhaya Plan 103
Now withdrawn, the plan was designed to offer combined benefits of savings as well as protection. While using the LIC Jeevan Chhaya maturity calculator, it is important to know the eligibility criteria to fill the data correctly. The following table highlights the eligibility criteria of LIC Jeevan Chhaya.
Criteria |
Minimum |
Maximum |
Entry Age |
18 years |
45 years |
Maximum Maturity Age |
65 years |
Policy Term |
18 years |
25 years |
Premium Paying Mode |
Monthly, quarterly, half-yearly, or yearly |
Sum Assured |
Rs. 50,000 |
No limit |