Union Life Insurance launches Jeevan Utthan Beema Yojana; to pay back the amount insured in every 3 years interval

Union Life Insurance has launched Jeevan Utthan Beema Yojana under which the company will be disbursing the insurance amount back to the insured person every three years.

Interested customers can subscribe to the insurance policy beginning from Rs 50 thousand to the maximum limit depending on their income source where the policy can range between nine years to eighteen years. customers belonging to the age range of 16 years to 50 years can subscribe to this insurance policy, as per the media statement.

Like in other insurance policies, this insurance policy also has attractive insurance benefit in case of the death of the insured person or death due to some accident where the insured person will receive the insured amount as well as the bonus amount while the insured customer will receive the remaining insured amount and the acquired bonus in case s/he continues to live at the time of the expiry of the policy, as per the media statement.

The maximum accidental death insurance coverage is set at Rs 1 crore. The best part of this insurance scheme is its return policy of the insured amount in every three years’ time that keeps it exclusive from other insurance policies, as per the media statement.