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. sir,
    I want to know that is Burdwan Sunnmarg is a registered under you in micro insurence sector.

  2. I want to know the detials of my policy updation, upto when it s paid, pls check it and inform through the mail.
    The policy no is 719763485- LIC’s Jeevan Madhur-Micro Insurance Product.

  3. could you explane Quarterly or half yearly premium Rs.250.00 in Jeevan Madhur Policy of MI.

  4. My DOB is 01.06.1968. Pl inform me the better policy on a premium of Rs.1000/-P.M. (10/15 Yrs.) with a high sum assured and which will get triple death benefits on S.A. Thanks.

  5. Dear Sir,
    I want help with you about Micro Lic Jeevan Madhur Table No. 182.Please tell me how much highst sum assured amount for the period 6Years.in this condition how much my monthly premium.

  6. 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.
    thanks

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