Jeevan Mangal – Micro Insurance

Summary:
LIC’s Jeevan Mangal is a term assurance plan with a return of premiums on maturity. “Jeevan Mangal” – the microinsurance product is customized to cater to the distinct needs of the most vulnerable low-income sections of the Indian population.

Benefits:

Death Benefit:
On death, during the term of the policy, the Sum Assured under the basic plan is payable, provided the policy is kept in force.

Maturity Benefit:
On surviving to the date of maturity, an amount equal to the total amount of premium paid during the term of the contract excluding the accident benefit premium and all extra premium, if any, is payable, provided the policy is kept in force.

Optional Rider:
Accidental Benefit Rider:
On death arising as a result of an accident during the term of the policy, an additional amount, equal to Accident Benefit Rider Sum Assured is payable.

Eligibility Conditions and Restrictions under this Plan:
Minimum age at entry : 18 years (completed)
Maximum age at entry : 60 years (nearest birthday)
Maximum age at maturity : 70 years (nearest birthday)
Term : 10 to 15 years for regular premium.
10 years for single premium.
Minimum Installment Premium :Rs. 15/-
Minimum Sum Assured : Rs. 10,000/-
Maximum Sum Assured : Rs. 50,000/-
(Sum Assured shall be in multiples of Rs. 1,000/-)

Mode of Premium Payment :
You can pay your insurance premiums Yearly, Half Yearly, Quarterly, Monthly including SSS, fortnightly, weekly and Single Premium. (Single premium is allowed for a 10-year term only.)

The Unique Identification Number (UIN) for LIC’s Jeevan Mangal is 512N257V01.

Note:
The above is the product summary giving the key features of the plan. This is for illustrative purposes only. This does not represent a contract and for details please refer to your policy document.

32 thoughts on “Jeevan Mangal – Micro Insurance”

  1. i want to make agent or deal with the micro lic how become agent or get license plz send me complete information my cell no is 9279894919
    Thanks with regard
    Ahsan
    Bhagalpur
    Bihar

  2. rajendra kumar patel

    i wanted to know about jeevan mangal for monthly 300 which form we have to fill and complete detail of healthplus for family of 4.what will be the premium and how cover we will get .is healthplus is better than icici prudential health saver.

  3. i want to know wheather burdwan sunnmarg is registered under lic …?? n is it safe to inverst fund in this ??
    ple reply as m agent in bds n m investing 40000-50000 per month of ma clients..

  4. Dear Sanjeev Kumar Sharma,

    You get on maturity of Bima Bachat a single premium payment (excluding extra premium) is made along with loyalty additions, if any

    Regards

    Pankaj Gupta
    Financial Advisor
    Shreya Investments
    9811656848

  5. Yes…..Burdwan Sunnmarg is a registered under micro insurance in Lic and it takes No 1 position in corporate agent.

  6. sanjeev kumar sharma

    i want to know that in bima bachat policy what we get on maturity only sum assured or s.a.+loyality addition give me detail

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