Samriddha Bhavishya Laghu Jeewan Beema
by Liberty Micro life Insurance
A micro endowment life plan that combines insurance protection with mandatory savings and pays a guaranteed maturity benefit at the end of the term.
What's included
Key highlights
- Policy terms: 5, 10, 15, 20 years
- Maximum maturity age 70 years
- Surrender allowed after 3 years
Features
- Accidental Death & Disability rider available
- Low premium — affordable protection
- Digital purchase and service enabled
- Death benefit payable to nominee during policy term
- Surrender permitted after 3 years as per regulations
- Guaranteed maturity benefit at end of policy term
Terms and conditions
- Death Benefits
- Sum assured is payable to nominee in case of death during policy term.
- Surrender Benefits
- Policy can be surrendered after 3 years as per regulatory rules.
- Maturity Benefits
- Guaranteed maturity benefit is paid at the end of policy term.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured payable to nominee if death during policy term
If the policy runs to maturity
This plan states: Guaranteed maturity benefit at end of policy term
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for endowment plans — confirm the exact terms in the brochure.
Optional riders
Accidental Death & Disability Rider
Optional rider that provides additional benefit on accidental death or permanent disability
Loan & liquidity
- Policy loan
- Not available
- Surrender allowed
- After 3 years
- Paid-up value
- Yes
- Partial withdrawal
- No
What's not covered
- Suicide (as per standard terms)
- War, civil commotion
- Pre-existing conditions as per underwriting
- Self-inflicted injuries and illegal acts
Questions about this plan
What kind of plan is Samriddha Bhavishya Laghu Jeewan Beema?
Samriddha Bhavishya Laghu Jeewan Beema from Liberty Micro life Insurance is an endowment plan that pairs savings with life cover for a single adult, and suits people who want a guaranteed amount on a fixed future date.
Who can buy Samriddha Bhavishya Laghu Jeewan Beema?
The entry age for Samriddha Bhavishya Laghu Jeewan Beema is 18 – 60 years.
How long does Samriddha Bhavishya Laghu Jeewan Beema run?
The policy term for Samriddha Bhavishya Laghu Jeewan Beema is 5, 10, 15 and 20 years.
How much cover can I take on Samriddha Bhavishya Laghu Jeewan Beema?
The sum assured available on Samriddha Bhavishya Laghu Jeewan Beema is Rs 25,000 – Rs 5,00,000.
What is paid if the insured passes away during the term?
Sum Assured payable to nominee if death during policy term
What is paid when Samriddha Bhavishya Laghu Jeewan Beema matures?
Guaranteed maturity benefit at end of policy term
Which riders can be added to Samriddha Bhavishya Laghu Jeewan Beema?
Samriddha Bhavishya Laghu Jeewan Beema can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request