Benefits
Maturity Benefit:
On your surviving to the date of maturity, payment of the Maturity Sum Assured along with vested bonuses, if any.
Death Benefit:
Payment of an amount equal to total premiums payable during the entire term of the policy along with vested bonuses, if any.
Accidental Death and Disability Benefit: On death arising as a result of accident an additional amount, equal to Death Benefit Sum Assured shall be available during the term of the policy.
On total and permanent disability arising due to accident (within 180 days from the date of accident), the Accident Benefit will be payable in monthly installments spread over 10 years. If the policy becomes a claim either by way of death or maturity before the expiry of the said period of 10 years, the disability benefit instalments, which have not fallen due, will be paid along with the claim.
Group Scheme
Group Insurance Scheme is life insurance protection to groups of people. This scheme is ideal for employers, associations, societies etc. and allows you to enjoy group benefits at really low costs.
BENEFITS:
1) ON RETIREMENT:
On Retirement of a member, the corpus (contributions plus interest) is utilized to provide the pension as per his choice.
2) ON DEATH:
The Pension is payable on the life of the beneficiary. Corpus is utilized towards the payment of pension of the type the beneficiary may opt and the benefit so received is tax free. A lump sum payable by way of death besides the pension, if the employer has taken Group Insurance Scheme in conjunction with the Group Superannuation Scheme.
3) ON WITHDRAWAL:
He can get the equitable interest transferred to the Superannuation Scheme of the new employer or opt for immediate or deferred pension.
Social Security Scheme
JanaShree Bima Yojana (JBY)
Features
The objective of the scheme is to provide life insurance protection to the rural and urban poor persons below poverty line and marginally above the poverty line.
Benefits
In the events of
• Death (other than by accident) of the member,an amount of Rs.30,000/- is payable.
• death/total permanent disability, due to accident,an amount of Rs.75,000/-is payable.
• Permanent partial disability, due to accident, an amount of Rs.37,500/- is payable.
Shiksha Sahayog Yojana
This is a scholarship scheme launched on 31.12.2001 for the benefit of children of members of Janashree Bima Yojana.
BENEFIT:
Scholarship of Rs 300/- per quarter per child will be paid for maximum period of 4 years.
The benefit is restricted to two children per member(family) only.
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