What is "Jeevan Sathi Beema"?

Jeevan Sathi Beema

• refers to the life insurance of both Husband and Wife by a Single Policy wherein a designated premium amount has to be paid for a fixed period of time

• After payment of premium for the prescribed time period, then the total bonus amount along with the insurance sum is reimbursed to the insured

• Within a prescribed time period, if one insured expires, then total insurance sum will be handed to the other living insured

• Thereafter, no need for premium payments but the living insured will get the benefit of bonus and other facilities like ongoing policy for his prescribed term (until the policy matures)

• If other insured also expires within the prescribed time period, then the reimbursement of total insurance sum along with bonus will be made to his nominee