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Mr.Pradeep Diwan
LIC Agent
7C / 8C, Parekh Nagar Indl. Estate, S. V. Road, Kandivli (West), Mumbai - 400067
Maharashtra, India.
Tel: 28050377/ 28055576
Fax: 28056748
Cell: 9324422924
pradeep@licinsurance.com

JEEVAN MITRA (TRIPLE COVER)

Suitability

  • Persons desirous of making provision for their dependants during their earning period should have this policy. For a very low additional cost, sufficient family benefit is secured.
  • For example, for a person aged 30 years, selecting a 20 year insurance policy:
    • A person choosing Endowment Assurance has to pay 51.50 per 1000 per annum
    • A person choosing Jeevan Mitra - triple cover has to pay 58.85 per 1000 per annum

Salient Features

  • Sum assured is payable if the life assured survives the selected term, while triple the sum assured is paid in the event of life assured dying within the term
  • Bonus is payable on the date of maturity or in the event of death, whichever is earlier
  • Premium payment cease on death or on expiry of term whichever is earlier
  • Accident benefit is available with this plan

Benefits

On Survival

  • Basic sum assured + vested bonus is given to the life assured

On Death

  • Triple the sum assured is given to the nominee of the life assured in the event of death happening within the term + vested bonus

Other Conditions

  • Policies are issued only with term 15 to 30 years
  • Ages between 18 and 50 years only will be considered
  • Maximum premium ceasing age: 70 years
  • Minimum sum assured Rs. 30,000
  • Minimum premium must be Rs.800 per annum
  • Only standard male lives are eligible and sub standard category 1 and female lives category 1 and 2
  • People following hazardous occupations are not eligible
  • Accident benefit can be availed for basic policy
  • Bonus calculated on basic insurance
 
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