Jeevan Umang Plan (945) is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policyholder during the policy term.

 

Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)

 

Term : [100 - age entry] Year

 

PPT : 15 year / 20 year / 25 year / 30 year

 

Minimum Entry Age : [90]days (completed)

 

Maximum Entry Age :

• 55 years (Nearest Birthday) for PPT = 15

• 50 years (Nearest Birthday) for PPT = 20

• 45 years (Nearest Birthday) for PPT = 25

• 40 years (Nearest Birthday) for PPT = 30

 

Minimum age at the end of the PPT : 30 years (Nearest Birthday)

 

Maximum age at the end of the PPT : 70years (Nearest Birthday)

 

Age at Maturity : 100 years (Nearest Birthday)

 

Minimum Sum Assured : Rs. 2,00,000

 

Maximum Sum Assured : NO LIMIT (Depending upon Income)

 

Maximum Accidental Death and Disability Benefit Rider up to age 70.

Maximum Accidental Benefit Rider shall be available during the ppt only.

 

Policy Benefits :

 

On Death :

On death before the commencement of Risk: An amount equal to the total amount of premium/s paid without interest shall be payable.

 

On death after commencement of Risk: Sum Assured on Death+vested simple reversionary Bonus + FAB if any.

• Where Sum Assured on Death is defined as the highest of

• Basic Sum-Assured,OR

• 7 times of Annualized Premium, OR

• 105%of all Premiums paid as on death

 

On Survival : On survival 8% of Basic Sum Assured shall be payable each year.

 

Revised Proposal Form No. 300, 340 and 360 shall be used under this plan.

For more information Contact Us.

 

Plan : 20Year Money Back (920)

 

Product Summary :

This is a limited premium payment, non-linked, with profits Money Back Plan.

 

Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)

 

Term : 20 Year

 

PPT : 15 Year

 

Minimum Entry Age : 13year Completed

 

Maximum Entry Age : 50year (Nearest Birthday)

 

Maximum Maturity Age : 70 Year

 

Minimum Sum Assured : 1,00,000

 

Maximum Sum Assured : NO LIMIT (Depending upon Income)

Maximum Accidental Death and Disability Benefit Rider up to age 70.

 

Policy Benefits :

On Death :

• Sum Assured on Death + Vested Bonus + FAB if any.

• Sum Assured on Death = Higher of 125% of Basic SA or 7 times of annualized Premium.

• Death Benefit shall not be less than 105% of total premiums paid as on date of death.

• The premiums exclude taxes, extra premium and rider premiums.

 

On Survival : 20% of Basic SA is payable after 5th, 10th and 15th year of policy.

Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.

 

Surrendered Value :

The policy can be surrendered for cash provided atleast two full years premiums have been paid. The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid (net of service tax)excluding extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.

 

Loan :

Available after payment of premium of 2 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).

 

Revised Proposal Form No. 300, 340 and 360 shall be used under this plan.

 

For more information Contact Us.