Jeevan Mangal – Micro Insurance

&NewLine;<p><span style&equals;"text-decoration&colon; underline&semi;"><strong>Summary&colon;<&sol;strong><&sol;span><br &sol;>LIC’s Jeevan Mangal is a term assurance plan with a return of premiums on maturity&period; &&num;8220&semi;Jeevan Mangal&&num;8221&semi; &&num;8211&semi; the microinsurance product is customized to cater to the distinct needs of the most vulnerable low-income sections of the Indian population&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><span style&equals;"text-decoration&colon; underline&semi;"><strong>Benefits&colon;<&sol;strong><&sol;span><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Death Benefit&colon; <&sol;strong><br &sol;>On death&comma; during the term of the policy&comma; the Sum Assured under the basic plan is payable&comma; provided the policy is kept in force&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Maturity Benefit&colon; <&sol;strong><br &sol;>On surviving to the date of maturity&comma; 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&comma; if any&comma; is payable&comma; provided the policy is kept in force&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Optional Rider&colon;<&sol;strong><strong><br &sol;>Accidental Benefit Rider&colon;<&sol;strong> On death arising as a result of an accident during the term of the policy&comma; an additional amount&comma; equal to Accident Benefit Rider Sum Assured is payable&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><span style&equals;"text-decoration&colon; underline&semi;"><strong>Eligibility Conditions and Restrictions under this Plan&colon;<&sol;strong><&sol;span><br &sol;><strong>Minimum age at entry &colon;<&sol;strong> 18 years &lpar;completed&rpar;<br &sol;><strong>Maximum age at entry &colon; <&sol;strong>60 years &lpar;nearest birthday&rpar;<br &sol;><strong>Maximum age at maturity &colon;<&sol;strong> 70 years &lpar;nearest birthday&rpar;<br &sol;><strong>Term &colon; <&sol;strong>10 to 15 years for regular premium&period;<br &sol;>10 years for single premium&period;<br &sol;><strong>Minimum Installment Premium &colon;<&sol;strong>Rs&period; 15&sol;-<br &sol;><strong>Minimum Sum Assured &colon;<&sol;strong> Rs&period; 10&comma;000&sol;-<br &sol;><strong>Maximum Sum Assured &colon;<&sol;strong> Rs&period; 50&comma;000&sol;-<br &sol;>&lpar;Sum Assured shall be in multiples of Rs&period; 1&comma;000&sol;-&rpar;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><span style&equals;"text-decoration&colon; underline&semi;"><strong>Mode of Premium Payment &colon;<&sol;strong><&sol;span><br &sol;>You can pay your insurance premiums Yearly&comma; Half Yearly&comma; Quarterly&comma; Monthly including SSS&comma; fortnightly&comma; weekly and Single Premium&period; &lpar;<a title&equals;"Single Premium Insurance policy" href&equals;"https&colon;&sol;&sol;mypaisa&period;in&sol;category&sol;single-premium-insurance-policy&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">Single premium<&sol;a> is allowed for a 10-year term only&period;&rpar;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The Unique Identification Number &lpar;UIN&rpar; for LIC’s Jeevan Mangal is 512N257V01&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong><span style&equals;"text-decoration&colon; underline&semi;">Note<&sol;span>&colon;<&sol;strong><br &sol;>The above is the product summary giving the key features of the plan&period; This is for illustrative purposes only&period; This does not represent a contract and for details please refer to your policy document&period;<&sol;p>&NewLine;