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Jeevan Mangal – Micro Insurance

Summary:
LIC’s Jeevan Mangal is a term assurance plan with return of premiums on maturity. “Jeevan Mangal” – the micro insurance product is customized to cater to the distinct needs of the most vulnerable low income sections of 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 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 10 year term only.)

The Unique Identification Number (UIN) for LIC’s Jeevan Mangal is 512N257V01.

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Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.

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30 comments

  1. i want to make agent or deal with the micro lic how become agent or get license plz send me complete information my cell no is 9279894919
    Thanks with regard
    Ahsan
    Bhagalpur
    Bihar

  2. rajendra kumar patel

    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.

  3. i want to know wheather burdwan sunnmarg is registered under lic …?? n is it safe to inverst fund in this ??
    ple reply as m agent in bds n m investing 40000-50000 per month of ma clients..

  4. Dear Sanjeev Kumar Sharma,

    You get on maturity of Bima Bachat a single premium payment (excluding extra premium) is made along with loyalty additions, if any

    Regards

    Pankaj Gupta
    Financial Advisor
    Shreya Investments
    9811656848

  5. Yes…..Burdwan Sunnmarg is a registered under micro insurance in Lic and it takes No 1 position in corporate agent.

  6. sanjeev kumar sharma

    i want to know that in bima bachat policy what we get on maturity only sum assured or s.a.+loyality addition give me detail

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

  8. 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.

  9. i want to jeevan madhur agency.pls confrim the details jeevan madhur.

  10. i have 6 months bay girl i want to a good policy for bright future giv me any best suggestion for me

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

  12. how could a ngo work in MI products?

  13. 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.

  14. ask me which is the best micro insurance policy of bpl family.

  15. 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.

  16. 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

  17. Sir,
    I want to be an agent of micro Insurance of Uluberia, Howrah (West Bengal), Kindly let me know about the procedure by sending that to my email-id (chiranjibkr@rediffmail.com) or my contact no.09143311303 / 09804746100.

    Thank you.
    Chiranjib Kr Das

  18. 1.i want education plan details, how much year, perioed time, amount, penifites etc.,
    2.insurance details

  19. degala gopi kanaka durga rao

    i want lic policys can be taken direct or online with out agents,and can we know the present value of policy by entering policy no.

  20. Dear sir ,

    through in whitch chennal can i get
    the LIC’s Jeevan Mangal is a term assurance plan

    through lic agent or direct ?

    kindly do the needful

  21. daer sir ,

    where i applay to get

    LIC’s Jeevan Mangal policy

    whate are the documents i summit for take the policy

  22. my mother age is 59.7 year , i have five lac rs. i want pension monthly atlest 8% . pl. give suggest any pension plan in l.i.c. all invest amount require after deth.

  23. vinod kumar gupta

    Sir
    my daughter’s age is 18year 8month.
    I want low premium and high insurance assured amount policy up to35 years terms for her
    please reply
    vkgupta

  24. INTEREST-PENSION PLAN & TERM POLICY REQ

  25. Regarding jeevan madhur and jeevan mangal :
    1.when a policy become lapse?
    2.how can we calculate interest on due premiums?
    3.what is the revival procedure for micro insurance policies and what are the revival charges?
    4. when will a policy terminated?

  26. Mujhe khushi hai,ki Lic,badaltey samay aur jarurato,ke anusar,apni yojnaye,update kar rahi hai.Ye mast policy hai.

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