Samriddhi Laghu Jeevan Beema Yojana

We introduced the Samriddhi Laghu Jeevan Beema Yojana to address the diverse interests, needs, and behaviors of individuals, particularly those from low-income, marginalized, and backward communities who wish to insure their lives. We consider this plan one of the best among endowment plans.

The major highlights of this plan are:

Nominal Premium: With a nominal premium, individuals can insure their lives from the time the policy is issued.
Guaranteed Benefits: The plan guarantees a considerable amount of maturity, death, and premium waiver benefits.
Economic Security: By transferring economic risks to the insurer, individuals can reduce the unexpected economic threats that may arise in life. This plan acts as a future savings tool to protect against potential economic crises.

Additionally, the Samriddhi Laghu Jeevan Beema Yojana contributes to the development of children’s capabilities and competencies by supporting their education and empowerment. By insuring, parents can transfer their life risks to the insurance company. In case of an unexpected incident affecting the insured parents, the guaranteed lump sum claim amount will serve as a fundamental basis to address the beneficiary’s economic challenges. Moreover, the guaranteed maturity claim amount can support higher education, marriage, and other social activities.

Why Choose Samriddhi Laghu Jeevan Beema Yojana?

Good Savings: Provides a reliable method for accumulating savings over time.
Secure Investment: Offers a secure investment option with guaranteed returns.
Tax Benefits: Provides tax discounts, making it a financially advantageous choice.
Beneficial for Beneficiaries: Ensures financial support for beneficiaries in case of unforeseen circumstances.
Old Age Support: Acts as a financial cushion during old age.
Better Future for Children: Helps secure a brighter future for children through financial support for education and other needs.
Nominal Premium: Requires only a nominal premium, making it affordable for many.
Guarantee of Return: Assures a guaranteed return on investment.

The major provisions of this plan:
Entry age : minimum 18 Years to maximum 60 Years
Maximum policy maturity age : 70 Years
Policy term : minimum 5 Years to maximum 20 Years
Sum assured : minimum Rs. 10,000 to maximum Rs. 5,00,000
Premium pay mode : Yearly, Half-Yearly and Quarterly
Rider benefit : Premium Waiver Benefit

2. Benefits of this plan:

A. Surrender Benefit
Only after paying complete 3-year policy premium and after policy completion of 3-year, policy will be eligible for surrender.
B. Loan Benefit
Only after paying complete 3-year policy premium and after policy completion of 3-year, loan facilities will be eligible up to 90 % of surrender value.
C. Death Benefit
If insured die before the maturity of the active policy than in accordance with the terms and conditions of the policy, sum assured and guaranteed addition amount acquired by policy will be provided.
D. Maturity Benefit
If insured remains alive until the maturity of the policy than in accordance with the terms and conditions of the policy, sum assured and guaranteed addition amount acquired by policy will be provided.

3. Rider Benefits:
A. Accidental Death Benefit
B. Total Permanent Disability
C. Premium Waiver Benefit

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