Plan :Jeevan Lakshya (833)
Product Summary : This is a limited premium paying term conventional With-Profits Endowment Assurance plan wherepremium paying term is less than policy term by three years.
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term :13 to 25 Years
P.P.T. (Policy Term - 3) Years
Minimum Entry Age : 18Years Completed
Maximum Entry Age : 50Years (Nearest Birthday)
Maximum Maturity Age : 65 Year (Nearest Birthday)
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits : On Death : Benefits payable on death:
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Available after payment of premium of 3 full years.
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).
Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
Term :13 to 25 Years
P.P.T. (Policy Term - 3) Years
Minimum Entry Age : 18Years Completed
Maximum Entry Age : 50Years (Nearest Birthday)
Maximum Maturity Age : 65 Year (Nearest Birthday)
Minimum Sum Assured : 1,00,000
Maximum Sum Assured : NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits : On Death : Benefits payable on death:
Sum Assured on Death + Bonuses & Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)
On Survival : On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value : The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan : Available after payment of premium of 3 full years.
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).
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