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Products Endowment Plans

New Endowment (814)

Product Summary

New Endowment Plan (814) is a regular premium, non-linked, with profits Endowment Plan.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

12 to 35 years

Minimum Entry Age

8 Year Completed

Maximum Entry Age

55 Year (Nearest Birthday)

Maximum Maturity Age

75 Year

Minimum Sum Assured

Rs. 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 + Vested Bonus + FAB if any.,OR
10 times of Annualized Premium, OR
105% of all Premiums paid as on death,
WHICHEVER IS HIGHER.

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 at least 3 full years premiums have been paid.

Loan

Loan facility is available under this plan after the payment of premiums for at least three 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).
Porposal Form

300/340/360 shall be used under this plan.


Jeevan Anand (815)

Product Summary

New Jeevan Anand(815) Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lump sum at the end of the selected policy term in case of his or her survival.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

15 to 35 years

Minimum Entry Age

18 Year Completed

Maximum Entry Age

50 Year (Nearest Birthday)

Maximum Maturity Age

75 Year

Minimum Sum Assured

Rs. 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 : Provided all due premiums have been paid, the following death benefit shall be paid:

On Death during the policy term: Death benefit, defined as sum of Sum Assured on Deathand vested Simple Revisionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.

On death of policyholder at any time after policy term: Basic Sum Assured

On Survival :

Basic Sum Assured, along with vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.

Surrendered Value

The policy can be surrendered for cash provided at least three 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

Loan can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.

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).
Porposal Form

300 shall be used under this plan.


Single Premium Endowment (817)

Product Summary

Single Premium Endowment Plan (817) is a single premium, non-linked, with profits Endowment Plan.

Premium Payment Mode

Single Premium

Term

10 to 25 Years

Minimum Entry Age

90 Days Completed

Maximum Entry Age

65 Year (Nearest Birthday)

Maximum Maturity Age

75 Year

Minimum Sum Assured

Rs. 50,000

Maximum Sum Assured

NO LIMIT (Depending upon Income)

Policy Benefits

On Death :

On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any.

On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.

On Survival :

On survival Sum Assured + Vested Bonus + FAB if any.

Surrendered Value

The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Loan

Loan Facility is available under this plan, after completion of one policy year.

Income Tax Benefit
  • u/s 80C up to 10% of SA
Porposal Form

300/340 shall be used under this plan.


Jeevan Rakshak (827)

Product Summary

This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This plan shall be available to standard lives only without any medical examination an dthe total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 2 lacs.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

10 to 20 Years

Minimum Entry Age

8 Year Completed

Maximum Entry Age

55 Year (Nearest Birthday)

Maximum Maturity Age

70 Year

Minimum Sum Assured

Rs. 75,000

Maximum Sum Assured

Rs. 2,00,000

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

Policy Benefits

On Death :

On death of the Life Assured during the policy term Sum Assured on Death shall be payable, which is the highest of
Basic Sum Assured; or
10 times of annualized premium; or
105% of all the premiums paid as on date of death.

The premium mentioned above excludes taxes, extra premium and rider premiums, if any. In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.

On Survival :

On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.

Surrendered Value

The policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.

Guaranteed Surrendered Value

The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any 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

Loan facility is available under this plan,after payment of premiums for at least 3 full years subject to following conditions :
a. The maximum loan as a percentage of surrender value shall be 70percent in case of inforce policies and 60percent in case of paid-up policies.
b. The rate of interest to be charged for the loan amount would be determined from time to time by the Corporation.

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).
Porposal Form

300/340 shall be used under this plan.


Limited Premium Endowment (830)

Product Summary

Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

12 Year
16 Year
21 Year

PPT

8 Year
9 Year

Minimum Entry Age

18 Year Completed

Maximum Entry Age

62 Year (Nearest Birthday)

Maximum Maturity Age

75 Year

Minimum Sum Assured

Rs. 3,00,000

Maximum Sum Assured

NO LIMIT (Depending upon Income)

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

Policy Benefits

On Death :

125% of Basic Sum-Assured, OR
10 times of Annualized Premium, OR
105% of all Premiums paid as on death, WHICHEVER IS HIGHER.

On Survival :

On survival Basic Sum-Assured + Revisionary Bonus + Final Additional Bonus.

Surrendered Value

The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.

Loan

Loan Facility is available under this plan, after payment of premiums for at least 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).
Porposal Form

300/340 shall be used under this plan.


Jeevan Lakshya (833)

Product Summary

This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is less than policy term by three years.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

13 to 25 Years

PPT

(Policy Term - 3) Years

Minimum Entry Age

18 Year Completed

Maximum Entry Age

50 Year (Nearest Birthday)

Maximum Maturity Age

65 Year (Nearest Birthday)

Minimum Sum Assured

Rs. 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 + Bonuses and 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 and 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).
Porposal Form

300/340 shall be used under this plan.


Jeevan Labh (836)

Product Summary

Jeevan Labh Plan (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

16 Year
21 Year
25 Year

PPT

For Term 16 Year PPT 10 year
For Term 21 Year PPT 15 Year
For Term 25 Year PPT 16 year

Minimum Entry Age

8 Year Completed

Maximum Entry Age

59 Year (Nearest Birthday)

Maximum Maturity Age

75 Year (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.

Policy Benefits

On Death :

Basic Sum-Assured, OR 10 times of Annualized Premium, OR 105% of all Premiums paid as on death, WHICHEVER IS HIGHER.

On Survival :

On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.

Surrendered Value

The Policy can be surrendered at any time during the policy term provided at least three full years premiums have been paid.

Loan

Loan Facility is available under this plan, after payment of premiums for at least 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).
Porposal Form

300/340 shall be used under this plan.


Jeevan Pragati (838)

Product Summary

Jeevan Pragati(838) is a non-linked, with profits Endowment Assurance Plan wherein the risks cover automatically increases after every five years during the term of the policy.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

12 to 20 years

Minimum Entry Age

12 Year Completed

Maximum Entry Age

45 Year (Nearest Birthday)

Maximum Maturity Age

65 Year (Nearest Birthday)

Minimum Sum Assured

Rs. 1,50,000

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 + Vested Bonus + FAB if any.
Where S.A. on Death is defined as the higher of
i. 10 times of Annualized Premium, OR
ii. Absolute amount assured to be paid on death, which is as under:
During first five policy years: 100% of the Basic S.A.
During 6th to 10th policy years: 125% of the Basic S.A.
During 11th to 15th policy years: 150% of the Basic S.A.
During 16th to 20th policy years: 200% of the Basic S.A.
This Death Benefit shall not be less than 105% of all Premiums paid as on death.

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 at least 3 full years premiums have been paid.

Loan

Loan Facility is available under this plan, after payment of premiums for at least 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).
Porposal Form

300/340/360 shall be used under this plan.


Aadhaar Stambh (843)

Product Summary

This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan. This Plan is exclusively designed for MALE LIVES having Aadhaar Card issued by UIDAI. This plan shall be available to standard lives only without any medical examination andthe total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 3 lacs.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

10 to 20 years

Minimum Entry Age

8 Year Completed

Maximum Entry Age

55 Year (Nearest Birthday)

Maximum Maturity Age

70 Year (Nearest Birthday)

Minimum Sum Assured

Rs. 75,000

Maximum Sum Assured

Rs. 3,00,000

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

Policy Benefits

On Death :

On death of the Life Assured during the policy term Sum Assured on Death shall be payable, which is the highest of
• Basic Sum Assured; or
• 10 times of annualized premium; or
• 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any.In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.

On Survival :

On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.

Surrendered Value

The policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.

Guaranteed Surrendered Value

The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any 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

Loan facility is available under this plan,after payment of premiums for at least 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).
Porposal Form

300/340/360 shall be used under this plan.


Aadhaar Shila (844)

Product Summary

This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan.This Plan is exclusively designed for FEMALE LIVES having Aadhaar Card issued by UIDAI. This plan shall be available to standard lives only without any medical examination andthe total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 3 lacs.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

10 to 20 years

Minimum Entry Age

8 Year Completed

Maximum Entry Age

55 Year (Nearest Birthday)

Maximum Maturity Age

70 Year (Nearest Birthday)

Minimum Sum Assured

Rs. 75,000

Maximum Sum Assured

Rs. 3,00,000

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

Policy Benefits

On Death :

On death of the Life Assured during the policy term Sum Assured on Death shall be payable, which is the highest of
• Basic Sum Assured; or
• 10 times of annualized premium; or
• 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any.In addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after completion of 5th policy year.

On Survival :

On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if any,shall be payable.

Surrendered Value

The policy can be surrendered at any time during the policy term provided atleast three full years premiums have been paid.

Guaranteed Surrendered Value

The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any 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

Loan facility is available under this plan,after payment of premiums for at least 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).
Porposal Form

300/340/360 shall be used under this plan.


Nav Jeevan (853)

Product Summary

Nav Jeevan (853) plan is a Non-Linked, With-Profit, Endowment Life Assurance Plan. Under this plan the premium can be paid either as Single Premium or as Limited Premium with a premium payment term of 5 years.

Premium Payment Mode

Single or Yearly, Halfly, Quarterly, Monthly(ECS)

Term

10 to 18 years

PPT

5 Year for Limited Premium Option

Minimum Entry Age

Single Premium : 90 days (Completed)
Limited Premium under Option-1 : 90 days (completed)
Limited Premium under Option-2 : 45 years (nearer birthday)

Maximum Entry Age

Single Premium : 44 years (nearer birthday)
Limited Premium under Option-1 : 60 years (completed)
Limited Premium under Option-2 : 65 years (nearest birthday)

Minimum Maturity Age

18 Years (completed)

Maximum Maturity Age

Single Premium : 62 years (nearer birthday)
Limited Premium under Option-1 : 75 years (completed)
Limited Premium under Option-2 : 80 years (nearest birthday)

Minimum Sum Assured

Rs. 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 :

Death during 5 yrs (Before the date of commencement of risk): Refund of premium(s) paid without interest shall be payable. The Premium(s) referred above shall not include any taxes, extra amount paid due to underwriting decision and rider premium(s) if any.
Death during 5 yrs (after the date of commencement of risk): Sum Assured on Death shall be payable.
Death after 5 yrs : SA on Death + LA
* SA on Death* for Single Premium : BSA or 10 times Tabular Single Premium for the chosen Basic Sum Assured
* SA on Death* for Limited Premium (option-1) : BSA or 10 times Annualised Premium for the chosen Basic Sum Assured
* SA on Death* for Limited Premium (option-2): BSA or 7 times Annualised Premium for the chosen Basic Sum Assured

On Survival :

On survival Basic Sum-Assured + Loyalty Addition.

Surrendered Value

Under Single Premium Payment : The Policy can be surrendered at any time during the policy term.
Under Limited Premium Payment : The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.

Loan

Under Single Premium Payment : Loan Facility is available under this plan,after 3months from completion of the policy.
Under Limited Premium Payment : Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefit
  • Premium paid under this plan is eligible for TAX rebate under section 80c.
Porposal Form

506/507/508 applicable under this plan.

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