Jeevan Mitra (Triple Cover Endowment Plan)
LIC Jeevan Mitra Triple is yet another insurance plan and it is for the people of all ages. According to this plan, the amount assured would be paid at the finish of the endowment term. This money can be invested further in an annuity provision or in any other way. This policy covers the risk 3 times the sum that has been assured. Usual benefits are also offered under this plan as well. In the event of death of a policy holder, extra insurance cover of 2 times the amount assured is also offered. In short, the 3 times the actual sum assured is offered to family member in case the policy holder dies. As for example, if a person is assured for assured sum of rupees under this policy and if he/she dies before the maturity, then the sum that would be paid is 3 times the real sum assured. And if the policy holder survives till the maturity of this policy then the person would get the full term money as well as the bonus amount. _footer
