SuryaJyoti Samuhik Sawadhik Jeevan Beema

Under SuryaJyoti Samuhik Sawadhik Jeevan Beema, individual members of any organisation can take saving plan insurance coverage under Master Insurance Policy issued to the organisation.

Plan Features: Criteria

Basic Benefits:

• In case of death before maturity, Basic Sum assured with Bonus will be paid to the beneficiary of insured.
• In case of survival of assured till maturity, on maturity of policy, Basic Sum assured with Bonus will be paid to the insured.

Optional Rider Benefits

• Accidental Death Benefit (ADB) Only:
  This benefit can be taken with payment additional Rs. 1 per thousand. In case of death due to accident, additional benefit equal to basic sum assured or maximum Rs. 1,00,00,000 whichever is less is payable to the beneficiary of assured.
• Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit – ADB, TPD & PWB:
  This benefit can be taken with payment of an additional Rs. 2.5 per thousand. Total coverage amount under this benefits will be equal to basic sum assured or Maximum Rs. 1,00,00,000 whichever is less. In case of death due to accident, an additional benefit equal to basic sum assured is payable to the beneficiary. Due to the accident if insured become total and permanently disabled, an additional benefit equal to basic sum assured is payable in 120 installments monthly and all future payable premium will be waived.
• 35 or 18 Diseases Critical Illness Benefit:
  In case life assured is diagnosed with mentioned 18/35 defined critical illness, lump sum amount equal to basic sum assured or maximum up to Rs. 50,00,000 will be paid to the insured.

First Policy Issue Date:   08-06-2011