Jeevan Mitra:

Jeevan Mitra is one of LIC’s endowment assurance plans.  As the name goes, this plan is a friend for your whole life.  It supplies stronger financial security for you and your family against death during the policy term.

Since this a business related plan, the life insured will be given simple reversionary bonuses coinciding with the profits made in the market.  These bonuses become a part of the benefits enjoyed in this plan.  If you have paid your premiums fully for a certain number of years, you will be eligible to receive a final bonus.

LIC’s Jeevan Mitra’s benefits provide
The death benefit which states that if the life insured dies, the beneficiary will receive double of the sum assured according to table number eighty eight.  The nominee will also receive all the bonuses on the sum assured.

At the time of maturity, the life insured will receive the sum assured as well as he will receive as a lump sum all the bonuses that have been heaped up during the policy term.

This plan also has supplementary benefits for which you have to pay additional premiums.  You will receive additional protection and benefits by opting for these supplementary benefits.  It is very beneficial and highly recommended.

You are permitted to surrender your policy if you wish to do so after you have completed three full policy years.  On doing so you are eligible to receive the guaranteed surrender value.

LIC’s Jeevan Mitra is a policy which secures your life as well as your family against death by providing superior financial security so that your financial obligations can be taken off without any problems.

ON buying a Jeevan Mitra policy, you can spend the rest of your life with a peaceful mind knowing that in any circumstance, you do not have to worry about your family as you are financially secure.