Different types of life insurance policies are available in the market. While some offer only life coverage, others offer the dual benefit of savings and insurance. The latter types are known as the endowment policy. LIC jeevan Mitra triple Cover Life is an example of endowment plans that offer guaranteed additional bonuses as well.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Mode |
Rebate |
Quarterly |
NIL |
Half - Yearly |
1.5% of tabular premium |
Yearly |
3% of tabular premium |
Sum Assured |
Rebate |
Up To Rs. 50,000 |
Nil |
Rs. 50,001 To Rs. 1,00,000 |
Re. 1 Per Thousand |
Rs. 1,00,001 And Above |
Rs. 2 Per Thousand |
|
Minimum |
Maximum |
Entry Age |
18 years |
50 years |
Policy Term |
15 years |
30 years |
Sum Assured |
Rs. 50,000 |
Subject to underwriting |
Cover Ceasing Age |
70 years |
|
Payment modes |
Yearly, Half-yearly, Quarterly, Monthly and SSS |
|
Grace Period |
15 days for Monthly mode of payment 30 days for Quarterly/Half-Yearly/Yearly mode of payment |
|
Policy Revival |
Within 2 years from date of first unpaid premium |
Documents Required
Policy Exclusions 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 Please Note: This LIC policy has been withdrawn.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.
More Useful Resources
LIC Online Services |
LIC Investment Plans |
LIC Other Plans |