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LIC Jeevan Mitra Triple Cover Plan
Best Investment Options
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
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- LIC Jeevan Mitra Triple Cover Plan
Key Features and Benefits of LIC Jeevan Mitra Triple Cover Death Benefit –
The following table shows the rebates available on the Sum Assured:
- Death benefit refers to the guaranteed amount of money payable to the nominee in case of your untimely demise before the completion of the policy term. The death benefit, in this plan, is 3 times the basic sum assured.Moreover, simple reversionarybonuses are also paid out along with the death benefit.
- If you survive the policy term, you will receive the basic sum assured as the death benefit. Vested simple reversionary bonus and final additional bonuses (if any) will also be paid out along with the maturity benefit.
- As itis a participating plan,Jeevan Mitra Triple Cover offers additional accrued bonuses along with the death benefit as well as the maturity benefit.
- The policy offers additional rider options to strengthen your protection. The riders include accidental death benefit rider and critical illness rider. You can buy these riders, any time during the policy tenure, by paying additional premium. The cover provided by the riders is available only as long as the policy is in force.
- - Section 10(10D) and section 80C of the Income Tax Act offer income tax benefits on the claims received and on the premiums paid respectively.
- Rebates are offered based on the premium paying mode and on the amount of sum assured chosen.
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Mode |
Rebate |
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Quarterly |
NIL |
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Half - Yearly |
1.5% of tabular premium |
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Yearly |
3% of tabular premium |
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Sum Assured |
Rebate |
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Up To Rs. 50,000 |
Nil |
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Rs. 50,001 To Rs. 1,00,000 |
Re. 1 Per Thousand |
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Rs. 1,00,001 And Above |
Rs. 2 Per Thousand |
Eligibility Criteria of LIC Jeevan Mitra Double Cover Policy (Table no. 88)
Documents Required
Over to You! LIC policics by visiting the LIC homepage or you can opt for any other policy that offers similar benefits. Please Note: This LIC policy has been withdrawn. It is no longer available for Sale. For more updated information, please visit the official website of LIC India.
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Minimum |
Maximum |
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Entry Age |
18 years |
50 years |
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Policy Term |
15 years |
30 years |
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Sum Assured |
Rs. 50,000 |
Subject to underwriting |
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Cover Ceasing Age |
70 years |
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Payment modes |
Yearly, Half-yearly, Quarterly, Monthly and SSS |
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Grace Period |
15 days for Monthly mode of payment 30 days for Quarterly/Half-Yearly/Yearly mode of payment |
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Policy Revival |
Within 2 years from date of first unpaid premium |
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- Application form with your recent photo
- Age Proof
- Address Proof
- Medical Reports (if any)
More Useful Resources
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LIC Online Services |
LIC Investment Plans |
LIC Other Plans |
Written By: PolicyBazaar - Updated: 05 July 2021
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