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