This document describes a micro insurance policy called Jeevan Madhur that provides affordable life insurance coverage to low-income individuals. Key features include small premium amounts starting at Rs. 25 per week, death benefits of 12 times the annual premium plus bonuses, and automatic coverage for 2 additional years after paying premiums for 2 full years. The policy aims to provide basic financial security to the poor through scientifically designed plans with benefits tailored for this demographic.

1. JEEVAN MADHUR
(TABLE NO-182)
A MICRO INSURANCE POLICY
WHICH PROVIDES SECURITY
WITHIN THE REACH OF THE POOR
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2. • SCIENTIFICALLY DESIGNED SMALL
DENOMINATION POLCY WITH SMALL
CONSIDERATION AMOUNT FOR A GROUP
OF PERSONS AGED BETWEEN 18 TO 60
YEARS.
• S.A. MAX MAT AGE
• MIN 5000/-
• MAX 30,000/- 65 YEARS.
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3. • MINIMUM PREMIUM
PRESCRIBED
WEEKLY Rs 25/-
FORTNIGHTLY Rs 50/-
MONTHLY Rs 100/-
QLY/HLY/YLY Rs 250/-
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4. • FURTHER, THE PREMIUM CHOSEN BY
THE PROPOSER SHALL BE SUBJECT
TO THE MIN & MAX DEATH BENEFIT
S.A. UNDER THE POLICY.
• TERMS AVAILABLE
• MIN 5 YEARS
• MAX 15 YEARS
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5. • BENEFITS
• NEW CONCEPTS OF BENEFITS
INTRODUCED
• DEATH BENEFIT S.A.
• TOTAL PREMIUM PAYABLE DURING THE
ENTIRE TERM OF THE POLICY ALONG WITH
VESTED BONUSES i.e.12XnXMLY
PREM,WHERE n IS THE TERM OF THE
POLICY.
• THE DEATH BENEFIT S.A. IS INDEPENDENT
OF AGE.
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6. • MATURITY BENEFIT S.A.
• IS A FUNCTION OF AGE AT ENTRY AND IT
VARIES FOR DIFFERENT TERMS.
• IT INCREASES WITH THE TERM OF THE
POLICY.
• IT IS PAID ALONG WITH BONUS.
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7. • ACCIDENT BENEFIT
• FREE OF COST
• EQUIVALENT TO DEATH BENEFIT S.A.
• EXCLUSION
• SNAKE BITE IS EXCLUDED FOR THE
PURPOSE OF ACCIDENT BENEFIT.
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8. • BONUS ACCRUAL
• PROVIDED THE POLICY REMAINS IN
FORCE FOR THREE YEARS.
• .
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9. • AUTO COVER
• IF TWO FULL YEARS PREMIUMS HAVE
BEEN PAID FREE RISK COVER IS
PROVIDED FOR A FURTHER PERIOD
OF TWO YEARS FROM F.U.P.
• DURING THE AUTO COVER L.A. CAN
PAY ONE OR MORE PREMIUM IN
PIECEMEAL.
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10. • THE AUTO COVER WILL BE AVAILABLE
FROM NEW F.U.P. AGAIN.
• FOR DEATH CLAIM CASES DURING
AUTO COVER ALL UNPAID PREMIUMS
AND UNEXPIRED PREMIUMS TO
COMPLETE POLICY ANNIVERSARY
ALONG WITH INTEREST TO BE
RECOVERED.
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11. • BONUS IS PAYABLE ALSO FOR THE
PREMIUMS SO RECOVERED.
• BUT
• ACCIDENT BENEFIT IS NOT
AVAILABLE DURING AUTO COVER
PERIOD.
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12. • DAYS OF GRACE
• ONE CALENDAR MONTH BUT NOT
LESS THAN 30 DAYS FOR YLY, HLY &
QLY MODES.
• 15 DAYS FOR OTHER MODES
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13. • LOAN
• NOT ALLOWED
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14. • LET US JOIN HANDS TOGETHER FOR
THE SOCIAL CAUSE OF UPLIFTING
THE POOR AND GRADUALLY
BRINGING THEM UNDER THE MAIN
STREAM OF ECONOMIC ACTIVITY.
• SO AS TO MAKE INDIA A MORE
STRONG ECONOMIC POWER.
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