Product Summary :
Jeevan Utsav Single Premium (883) is a Single Premium, Non-linked, Non-Participating, Savings Whole Life Plan. This plan provides for Guaranteed Additions @40 per 1000 SA during GA period. Proposer can choose GA period from 7 to 17 years. Proposer must choose one of the options for payment of Income Benefit: Option – I: Regular Income Benefit, Option -2: Flexi Income Benefit
Premium Payment Mode:
Single Premium
Term :
100 – Age at entry.
Minimum Entry Age :
90 days (completed)
Maximum Entry Age :
65 Years (nbd)
Guaranteed Additions Period :
7 to 17 Year
Minimum Sum Assured :
5,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum Assured + GA if any.,OR
1.25 times of Single Premium.
WHICHEVER IS HIGHER.
On Survival :
10 % of sum assured shall be paid every year (from the income start year) till 100 years of age and on surviving the period, Sum assured + accrued Guaranteed Additions shall be paid at the age of 100 or on death.
Surrendered Value :
The Policy can be surrendered at any time during the policy term.
Loan :
Loan Facility is available 3 months after date of issue of policy.
Income Tax Benefit :
* Premium paid under this plan is eligible for TAX rebate under section 80c.
* Maturity under this plan is free under sec 10(10D).
Proposal Form : 300/360 shall be used under this plan.
More Details… or Call 9990286759
