Saturday, September 19, 2009

### LIC’s Jeevan Saathi Plus....

### LIC’s Jeevan Saathi Plus....
  • It is a unit linked plan wherein a couple can take the insurance cover on their lives under a single policy.
  • The proposer under the plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.).
  • The premiums can be paid either in lump sum (single premium) or regularly throughout policy term.
  • The P.L.A. can choose the level of cover (Sum Assured) for both lives within the limits, which will depend on whether the policy is a Single premium or Regular premium contract, age and the amount of premium agreed to pay.
  • For regular premium policies, in case of death of the P.L.A. during the term of the policy, the plan also provides for waiver of all future premiums including outstanding premiums, if any, provided life cover is in force.

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