This plan is combination of Jeevan Lakshay & Jeevan Labh.
If a person takes this combination of the plan at the age of 30 years, the details are as follows:
Jeevan Lakshay | Jeevan Labh | Total | |
Age | 30 Years | 30 Years | |
Sum Assured | 5 Lac | 5 Lac | |
Term | 20 Years | 21 Years | |
Premium Paying Term | 17 Years | 15 Years | |
Maturity | 9,85,000 | 10,43,500 | 20,28,500 |
Premium (Yearly upto 15 Years) | 29,503 | 27,431 | 56,934 |
Premium (16th & 17th Year) | 29,503 | NIL | 29,503 |
Risk Cover | |||
Accidental Death | 10,00,000 | 5,00,000 | 15,00,000 |
Normal Death | 5,00,000 | 5,00,000 | 10,00,000 |
Additionally, under the Jeevan Lakshay Policy if person dies during the policy term his/her family will get Rs. 50,000 every year upto the policy term and again at the end of the term his/her family will get Rs. 9,85,000 as a maturity amount.
This is the best combination plan for investment purpose as well as risk coverage purpose to financially secure the family in his/her absence.