Sambiridi Agrim Bhuktani Lagu Jeevan Beema
By playing guiding role in the sector of Micro Life Insurance, we have developed friendly relation with marginalized people, low-income people and backward communities, through the different plan of Insurance. We introduced the Samridhhi Agim Bhuktani Laghu Jeevan Beema Yojana (Money Back) having specific character that is certain percent of Sum Assured will be returned on the fix interval of time until the Maturity of Policy. We consider this plan will be helpful to address the economic threat of people which might be appear on the different occasion of time.
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 anticipated, 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 Agrim Bhuktani Laghu Jeevan Beema Yojana (Money Back) 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 Agrim Bhuktani Laghu Jeevan Beema Yojana (Money Back)?
Anticipated Return: Provides a certain percent of anticipated amount on the fixed interval of time until the maturity of policy.
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 50 Years
Maximum policy maturity age : 70 Years
Policy term : 15/20/25 Years
Sum assured : minimum Rs. 50,000 to maximum Rs. 5,00,000
Premium pay mode : Yearly, Half-Yearly and Quarterly
- Benefits of this plan:
- Surrender Benefit
Only after paying complete 3-year policy premium and after policy completion of 3-year, policy will be eligible for surrender.
- 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.
- Death Benefit
If insured die before the maturity of the active policy than in accordance with the terms and conditions of the policy, without deducting returned anticipated amount, sum assured and guaranteed addition amount acquired by policy will be provided.
- Maturity Benefit
If insured remains alive until the maturity of the policy than in accordance with the terms and conditions of the policy, following amount will be provided.
At the end of policy duration | Sum Assured Percentage | ||
Policy Term | |||
15 Years | 20 Years | 25 Years | |
5 Year | 20% | 15% | 10% |
10 Year | 20% | 20% | 15% |
15 Year | 60% + Guaranteed Addition | 25% | 20% |
20 Year | – | 40% + Guaranteed Addition | 25% |
25 Year | – | – | 30% + Guaranteed Addition |
- Rider Benefits:
- Accidental Death Benefit
If insured die due to accident before the maturity of the active policy than in accordance with the terms and conditions of the policy, without deducting returned anticipated amount, basic sum assured, rider sum assured and guaranteed addition amount acquired by policy will be provided.
- Total Permanent Disability
In the case of PTD due to accident, 50-100% (as per PTD table) of Rider Sum Assured will be provided. After PTD claim If insured continue the policy, death risk coverage will be remained same and in accordance with the terms and conditions of the policy anticipated amount and guaranteed addition will be provided.
- Premium Waiver Benefit
If insured is permanently disable due to accident, 50-100% (as per PTD table) of Rider Sum Assured and benefit of waiver of premium for remaining period of policy will be provided. After PTD claim If insured continue the policy, death risk coverage will be remained same and in accordance with the terms and conditions of the policy anticipated amount and guaranteed addition will be provided.