Jeevan Sathi Beema
Jeevansaathi Life Insurance 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.
This policy of RBS is becoming more and more popular each day.