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LICS TABLE NO 89JEEVAN SAATHI

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Features

Risk cover to both husband & wife through a single

policy

Premium marginally higher than premium for risk

cover on a single life

Both husband and wife can avail of accident cover

Guaranteed sum assured in case of unfortunate

death of one of the lives before maturity and riskcover on the other life continues

Second sum assured paid on survival of second life

till maturity or death if earlier

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Features contd..

Premium Waiver in case of unfortunate death of one

life before maturity all premiums waived

Policy is a with profit policy and vested bonuses

calculated on the basic sum assured are paid on date

of maturity or along with sum assured on death of

second life if earlier

Bonus continues to accrue even during premiumwaiver period

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Eligibility

Who can avail of this plan?

This policy is issued on the lives of husband and wife with

minimum age nearer birthday of both lives being 20 years

and maximum age nearer birthday of both lives being 50

years

For how many years is risk cover provided? Choice of policy terms available is between 15 to 30 years

with maximum age at maturity allowed being 70 years on

older life

For how long is premium payable ? Up to date of maturity or unfortunate death of first life if

earlier

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For what sums assured can the policy be issued ? The minimum sum assured is Rs. 50,000

If female life is Category I, the sum assured depends

On income

If female life is Category II, maximum sum assured is

Rs.50 lakhs For housewives, maximum sum assured is Rs.10

lakhs subject to maximum of husbands insurance, provided

she is a graduate and holds a driving license, credit card,

passport etc

For other Category III female lives, maximum sum

assured is Rs.2,00,000

Eligibility

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Benefits

Is accident cover available to both lives?

Yes, for a small additional premium subject to specified overall

limit on both lives Accident benefit equal to basic sum assured

is paid in case of accidental death of first life

Accident benefit on second life is payable on accidental death

of second life, either simultaneously or separately from first life

Is loan available under the plan?

Yes, loan is available under the plan

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BenefitsMaturity Benefit If one or both lives survive till date of maturity the sum

assured along with the vested bonuses will be payable

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Benefits

Death benefit : In case either of the couple dies during the policys term two

things happen

One, LIC pays to the surviving spouse the full sum assuredAnd

Two, the policy continues on the life of the surviving partner

without him/her having to pay any further premiums, i.e. the life

cover on the survivor continues free of cost

The sum assured is again be payable on the death of the other

partner in case both the husband and wife were to die during

the term of the policy

Vested bonus would also be paid along with the sum assured

on the second death

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Additional FeaturesPremiums are payable yearly, half-yearly, quarterly,

monthly or through salary deductions as opted by you

throughout the term of the policy or till the firstdeath of the lives covered, whichever is earlier

The policy may be surrendered after it has been in

force for 3 years or more The (GSV) is 30% of the basic

premiums paid excluding the first years premium

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Other Benefits AvailableLoan Facility :

Loan facility is available after payments of three full premium

Double Accident Benefits:

On death of Life Assured in accidental condition during the term

amount equal to Double Accident sum assured is payable. The rider

can be availed of by payment of a small additional premium

For example if Basic S.A. is Rs.100000/- and Double Accident S.A. is

Rs.100000/- on accidental death nominee of policy holder will getBasic S.A. + Double Accident S.A. i.e. Rs.100000 + Rs.100000 =Rs.

200000

Maximum DAB limit is allowed upto Rs. 50,00,000/- for all policies hold

by one person

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