Home Loan Seva - Insurance Policies

Recommended For:
This high risk plan is suitable for people who want to make provisions for their dependants during their earning period can opt for this policy. Jeevan Mitra is a higher risk plan that provides double of the opted sum assured in case of death. The main highlight of this plan is that a term rider equal to the sum assured is offered in this policy. This is a profitable policy which earns bonuses at normal endowment rates.

Features:

This cover double risk cover also takes care of old age pensions.
Loans are available under this plan.
In case of paid up policies, additional term cover is not operative in case of death of policy holder.
Final additional bonus is payable depending upon term.
Paid up value option is available after 3 yrs.

Age:
Minimum age - 18 yrs.
Maximum age - 50 yrs.
Maximum Maturity age of policy holder is 70 yrs.

Conditions:

Term of the policy - Minimum - 15 yrs & Maximum - 30 yrs.
Medical examination is must for the policy holder.
Only standard age proofs are accepted.
Minimum sum assured is Rs. 20,000.
Cover for women is given only if they are earning.
People in hazardous occupations are not eligible.
Accidental benefits can be availed of for basic policy.

Benefits:
On Survival / On Maturity: Sum Assured + Bonus at Final addition is payable.
In the event of Death of policy holder during the policy period: Sum Assured + Accrued Bonus is payable.
In case of accidental death: Double of sum assured is payable.

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