LIC Jeevan Mitra (Triple Cover Endowment Plan) is a unique plan which offers superior financial protection against death for the complete term of the 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 . Jeevan Mitra Triple cover plan (Table No) is a refined version of endowment plan. Jeevan Mitra – Triple Riskcover is ideal for the persons who require high.
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The above is the product summary giving the key features of the plan. Jeevan Mitra Triple cover plan Table No. The Sum Assured plus all bonuses declared up to maturity date is payable in a lump sum on survival to the end of the policy term. Twice the Sum Assured plus all bonuses on the basic sum assured to date is payable in a lump sum upon the death of the life assured.
However, surrender value will be available under the plan on earlier termination of the contract. Dinesh Shrimal on August 21, at tripple Surrender Under any of these options, the policy acquires a Guaranteed Surrender value from the end of the 3rd policy year onwards.
In practice, the company will pay a Special Surrender Value — which is either equal to or more than the Guaranteed Surrender Value.
Jeevan Mitra(Triple Cover Endowment Plan) – Think LIC Think ME
Akash on July 21, at 9: We take care of all the phases of insurance, whether you’ve bought the policy from us or not. Rs 1 lakh; Policy term: RAJU on January 18, at 5: Hi, I have a jeevan mitra T. To take this policy or to know more about this policy contact: It pays the maturity amount on survival to the end of the policy term.
Thrice Basic sum assured. Tabrej on May 3, at Added attractive features like Guaranteed coveg Loyalty Addition. It is the largest insurance company in India with an estimated asset value of Rs.
This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. Buying a mitta insurance contract is a long-term commitment. I am aware that this authorization will override my registry under NDNC.
Amir Khan on January 17, at 7: The Corporation reviews the surrender value payable under its plans from time to time depending on the economic environment, experience and other factors. Bonuses will be added during the selected term or till death, if it occurs earlier.
Tabrej on May 27, at No additional premium for accident cover, as it is a part of the policy. To proceed, help us with some basic details. On maturity He will receive Rs. Thrice the Sum Assured plus all bonuses on the basic sum assured to date is payable in a lump sum upon the death of the life assured. This does not represent a contract and for details please refer to your policy document. Jeevan Griha double cover. No limit subject to medical and financial underwriting.
Jeevan Mitra (Triple Cover Endowment Plan)
For further details contact: An additional premium is required to be paid for these benefits. Policy Term in years.
Once declared, they form part of the guaranteed benefits of the plan. Jeevan Griha triple cover. Premium Payment Term in years. If you are looking for Double CoverPlease go to this page: A Money Endowmetn Plan that assures periodic payment of basic Sum Assured in installments on survival with increasing life cover. This is an Endowment Assurance plan that provides greater financial protection against death throughout the term of plan.
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.
LIC Jeevan Mitra Triple Cover / Double Cover
Annual, Semi Annual, Quarterly, Monthly, payroll savings program. In case endoement Natural Death after 5 years: Entry Age of Policyholder. My policy matured September If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions. I am in Jorhat, Assam.
LIC Jeevan Mitra (Triple Cover Plan) Bonus Rates. Calculate returns & Maturity Value
Buying a life insurance contract is a long-term commitment. This is for illustrative purpose only. This plan is also good for persons availing triplle loans etc. Single Premium in Rs. Loan is allowed after 3 years Housing Loan Collateral: Under any of these options, the policy acquires a Guaranteed Surrender value from the end of the 3rd policy year onwards.