- 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
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