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Jeevan Mitra - (with Triple Accident Benefits)

 
 

  Recommended For:
The person who wants to make provision for their dependants during their earning period can take this policy. Jeevan Mitra is higher risk plan gives triple of opted sum insured in case of death during the period of policy.The main attraction of this plan is that a term rider equal to sum assured offered in this policy. This is a profit policy, which earns bonus at normal endowment rates.

Features:

  1. This cover double risk, which also take care for old age pension.
  2. Cover for woman is given only if they are earning.
  3. This policy is eligible for Loan.
  4. In case of paid up policies, on death, additional term cover is not operative.
  5. Final additional bonus is payable depending upon term.
  6. In case of mishappening due to accident three times of sum assured is payable.
  7. 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:

  1. Term of the policy - Minimum - 15 yrs & Maximum - 30 yrs.
  2. Medical examination is must.
  3. Only standard age proof is accepted.
  4. Minimum sum assured is Rs. 20,000
  5. People following hazardous occupations are not eligible.
  6. Accident benefit can be availed of for basic policy.
  7. Medical examination is compulsory.
Benefits:
Survival / Maturity Benefit: Sum Assured with Bonus at Final addition is payable.
Death Benefit: In case of death during the policy period, Triple of Sum Assured plus Accrued Bonus is payable.
Accident Benefit: Accident benefit will be equal to the basic sum assured and will be paid subject to maximum of Rs.500,000. 		 

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