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Jeevan Mitra(Double Cover Endowment
Plan)
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.
For instance, if a person insured for Rs.10,000 under this policy
were to die before its maturity, the death claim payable would be
Rs.20,000 plus the accrued bonus on Rs.10,000, the basic sum assured.
If the policy holder survives the full term of the policy, the payment
on maturity would be Rs.10,000 plus the accumulated bonus.
Suitable For:
Being a high-risk endowment assurance policy, this plan is suitable
for people of young ages who wish to protect their families from
a financial setback that may occur owing to their premature death.
The amount assured if not paid by reason of his death earlier will
payable at the end of the endowment term where it can be invested
in an annuity provision for the rest of the policyholder's life
or in any other way he may think most suitable at that time.
Source - Life Insurance India, Licindia.
If life insurance buying is
approached in the proper manner it can be very beneficial to yourself
and your family. You need to take the time to give some thought
to a subject that can be very unpleasant. I guess that is why most
people don't think about it, or at best think about it only after
they have had a brush with death, or when a life insurance professional
brings up the subject. Sometimes these people wait until it is too
late to do something about such a critical matter.
They find themselves uninsurable when they discover they have some
critical illness. People should give life insurance buying serious
thought at least once per year as ones situation may change and
you find that your need for life insurance may change as a result.
Contact Us
1) If you want to Buy New Insurance Policies than call 9820934872 (Mumbai)
2) If you need a detailed quotation from us as to how much insurance
you should really go for. Click
here
3) If you have a previous life insurance policy and want servicing
for the same. Click here
4) Contact us on email: uniglobalindia@gmail.com
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