Jeevan Mitra Double Cover


Benefits

Double benefit endowment plan that provide a new dimension to the concept of insurance security. High security at very low cost

Jeevan Mitra not only helps to make provisions for the family of the Life Assured in the event of his early death, but also assures a lump sum at the desired age.

For a small extra cost over conventional endowment plan, it offers riskcover which is 2 times the basic sum assured + bonus

WIDE CHOICE OF TERM - can be easily aligned with your family objectives

LIQUIDITY - You have an option to surrender the policy & receive the cash value after payment of premiums for 3 years

MATURITY - Sum Assured + Bonus + Final Addition Bonus (as applicable) will be paid.

Premiums paid are TAX EXEMPTED u/s 80 C

Maturity amount is TAX FREE u/s 10 (10) (D).

Optional Add on Riders:

  • Double Accident Benefit (DAB) – three times the sum assured is paid in case of death due to accident
  • Critical Illness Rider – Pays the sum assured under this rider on occurrence of any critical illness. Wide list of illnesses are covered. There is also a Premium Waiver option in case the critical illness claim is made


Eligibility Criteria
Min. Max.
Age 18 50
Term 15 30
Sum 50,000 No limit
Premium Modes Yly, Hly, Qly, Mly, SSS

Yearly Premium for 10,00,000 Sum Assured
Age 15 Years 20 Years 25 Years
18 67258 48488 38109
20 67355 48634 38400
22 67500 48925 38788