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JEEVAN MADHUR / MANGAL ( Micro and Group Insurance)
Plan Number: 801/851  
 
Description
This is a nonprofit single term insurance plan. Under this plan pre-decided Sum Assured is payable on death during the term of policy. Minimum term of the Policy is one year. Maximum Policy term is 15 years. Minimum and Maximum Sum Assured is 150000/-
 
Features
  • Jeevan Madhur and Jeevan Mangal are short term plan for one year in which single premium is paid. It is a non linked non participating One Year group term insurance Plan. In the event of unfortunate death of the life assured during the term of the policy, the Sum Assured, will be paid to the beneficiary/ nominee. It provides financial protection against death or total permanent disability due to accident throughout the term of policy with additional payout in case of accidental death. 10% of SA is paid as funeral expenses to the beneficiary/ nominee on death of life assured. If Life Assured becomes permanent disable, amount of Sum Assured will be paid to Life Assured. After this payment, policy will be terminated.
  • There is no maturity benefit available in this plan.
  • Policy Term - One
  • Premium Paying Term - Single
  • Minimum Age at Entry - 16 years (Last Birthday)
  • Maximum Age at Entry - 60 years (Nearer Birthday)
  • Minimum No. in Group - 20
  • For Jeevan Madhur - Min Sum Assured 10,000/-
  • For Jeevan Madhur - Max Sum Assured 1,50,000/-
  • For Jeevan Mangal - Min Sum Assured 1,51,000/-
  • For Jeevan Mangal - Max Sum Assured 5,00,000/-

 


 
 
 
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