Topic: In LIC's Jeevan Chhaya children's insurance policy Can I pay the premiums through direct debit from

banks? I want to pay the premium on a monthly basis- is such a facility available?

This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.

Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the earlier death.

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