Product Summary :
This is a Non-Linked, Non-Participating, Individual, Savings Life Insurance plan. This is a Limited Premium Endowment plan under which the Premium Payment Term (PPT) is equal to Policy Term minus 8 years.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term / PPT :
15/7, 16/8, 17/9, 18/10, 19/11, 20/12
Age Range:
90days to 50 for term 18,19,20 years
1 to 50 for term 17 years
2 to 50 for term 16 years
3 to 50 for term 15 years
Minimum Maturity Age :
18 years(completed)
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
5,00,000
Basic Sum Assured shall be in multiples of:
Rs. 25,000
Policy Benefits :
On Death :
Before Commencement of Risk:
Refund of Premiums paid excluding GST and extra Premium.
After Commencement of Risk: “Sum Assured on Death”;
SUM ASSURED ON DEATH:
The “Sum Assured on Death” is defined as higher of Basic Sum Assured or 7 times of Annualized Premium.
This death benefit shall not be less than 105% of “Total Premiums Paid” upto the date of death.
On Survival At Maturity Time :
Basic Sum Assured
Surrendered Value :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Loan :
Loan facility shall be available under the plan.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is Tax free under sec 10(10D).
Proposal Form : 300/340/360 shall be used under this plan.
More Details… or Call 9990286759
