.jpg)
Jeevan Mitra(Triple Cover Endowment Plan)
This is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan. It pays the maturity amount on survival to the end of the policy term.
Premiums :
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.
Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.
Bonuses : This is a with-profit plan and participates in the profits of the Corporation’s life insurance business. It gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year. Once declared, they form part of the guaranteed benefits of the plan. A Final (Additional) Bonus may also be payable provided a policy has run for certain minimum period.
- LIC’s Jeevan Mitra (Table No 88) helps to make provision for the family of the life Assured in the event of his early death, but also assures a lump sum at a desired age.
- For a small extra cost it provides a risk cover of 2 times the basic Sum Assured.
- Higher bonus as compared to endowment plans.
- In the case of Accidents, the risk cover goes up to 3 times.
- It provides high risk cover for a comparatively lower cost.
Who can avail this plan?
Individuals age between 18 years (last birthday) and 50 years (nearer birthday)
Individuals age between 18 years (last birthday) and 50 years (nearer birthday)
For how long is premium payable?
Throughout the term of the policy or early death.
Throughout the term of the policy or early death.
What is the minimum and maximum sum assured available under the plan?
Minimum Sum Assured : Rs. 50,000/-
Maximum Sum Assured : No limit
Minimum Sum Assured : Rs. 50,000/-
Maximum Sum Assured : No limit
What are the permissible premium payment modes?
Premiums can be paid in Quarterly, Half-Yearly, Yearly and Monthly or through Salary deduction.
Premiums can be paid in Quarterly, Half-Yearly, Yearly and Monthly or through Salary deduction.
Is this plan available to ladies?
Yes.
Yes.
FEATURES
The benefits of this policy are considered normally for standard and substandard lives Class I and II. It cannot be allowed for people engaged in hazardous occupations. Female lives under Category I & II allowed. Non-medical special is allowed only if the Sum Assured does not exceed Rs.1,00,000/-
Besides the usual benefits offered by any endowment insurance plan, this policy provides for an additional insurance cover equal to the sum assured in the event of a policy holder’s death during the term of the policy. In other words, the death claim in the case of this policy is twice the basic sum assured.
The survival claim, on the other hand, is the basic sum assured, plus the accrued bonuses. Bonus is, similarly, calculated only on the basic sum assured at rates applicable to endowment policies.
SUGA Insurance Services,
(A division of SUGA Consulting Services)
Office No.26, TNHB Shopping Complex, 180, Luz Church Road, (Landmark: Near Luz Pillaiyar Koil)
Mylapore, Chennai – 600004
----------------------------------------------------------------------
SUGA = Success Unlimited Guaranteed Always
----------------------------------------------------------------------
Sugavanam N, M.A., F.I.I.I., MBA
CEO and Chief Strategic Consultant,
Mobile: Vodafone: 91-91762-44989, 9176244979, 9176871191, AirTel: 91-9940058497, BSNL: 91-9445437117,
Landline: 91-44-2498-4148
Please visit our Official web site: www.sugaconsulting.inEmail: nsugavanam@gmail.com
sugaemployment@gmail.com
No comments:
Post a Comment