Jeevan Chhaya:

LIC's Jeevan Chhaya is a business related plan which takes care of yourself and family by providing financial security for them even after your death.  It sees to it that your family's financial obligations are met from time to time even after your death.

In this policy the premiums can be paid by you monthly, quarterly, half yearly, or annually or you can allow for it to be deducted from your salary, whichever is convenient for you.

This is a business related plan and takes part in the gains that are got from the market.  So whenever they get any profits, you will get additional bonuses to your fund value.

LIC's Jeevan Chhaya offers benefits like
The policy offers the death or survival benefit.  According to this at the end of every year of the last four years, you will get one fourth of the sum assured.  With the last payment all the additional bonuses that are applicable will be paid in full.

You can enjoy these benefits whether you live or die during the policy term.  Even on your death your beneficiary will receive an amount which is equal to the sum assured.

There are also supplementary benefits that are provided in this plan.  According to them, if you want to enjoy these benefits, you will have to pay an additional premium and then you will get additional protection because of these benefits.

You can terminate the policy if you do not wish to continue it for some reason.  You are permitted to surrender your policy if you wish to do so after you have completed three full policy years.  By doing so you will receive the Guaranteed surrender value.

LIC's Jeevan Chhaya is a tailor made policy which secures your life as well as the lives of your loved ones and provides them with financial protection so that all their commitments can be taken care of even after your death.  If you buy the LIC's Jeevan Chhaya, you can live the rest of your life in peace.