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Products Money Back Plans

20 Year Money Back (820)

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 Years

PPT

15 Years

Minimum Entry Age

13 Years Completed

Maximum Entry Age

50 Years (Nearest Birthday)

Maximum Maturity Age

70 Year

Minimum Sum Assured

Rs. 1,00,000

Maximum Sum Assured

NO LIMIT (Depending upon income)

Masimum 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 10 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 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

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).

Bima Bachat (816)

Product Summary

Bima Bachat (816) Plan is a single premium, non-linked, with profits Money Back type Plan.

Premium Payment Mode

Single Premium

Term

9 Year
12 Year
15 Year

Minimum Entry Age

15 Years Completed

Maximum Entry Age

Term 9yr then 66yr (Nearest Birthday)
Term 12yr then 63yr (Nearest Birthday)
Term 15yr then 60yr (Nearest Birthday)

Maximum Maturity Age

75 Year

Minimum Sum Assured

Term 9yr then 35,000
Term 12yr then 50,000
Term 15yr then 70,000

Maximum Sum Assured

NO LIMIT (Depending upon income)

Policy Benefits

On Death :

During 1st five years policy years : Sum Assured only.
After completion of five policy years : Sum Assured + Loyalty Addition, if any.

On Survival :

For Policy Term of 9 years : 15% of SA, after 3rd and 6th policy year.
For Policy Term of 12 years : 15% of SA, after 3rd, 6th and 9th policy year.
For Policy Term of 15 years : 15% of SA, after 3rd, 6th, 9th and 12th policy year.

At Maturity Time :

Single Premium Paid + Loyalty Additions, if any.

Surrendered Value

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

Guaranteed Surrendered Value

First year: 70% of the Single Premium excluding taxes and extra premium,if any.
Thereafter: 90% of the Single Premium excluding taxes, extra premium, if any and all survival benefits paid earlier.

Loan

Loan facility is available under this plan at any time after completion of one policy year.

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

25 Year Money Back (821)

Product Summary

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

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

25 Year

PPT

20 Year

Minimum Entry Age

13 Years Completed

Maximum Entry Age

45 Years (Nearest Birthday)

Maximum Maturity Age

70 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 on Death + Vested Bonus + FAB if any.
Sum Assured on Death = Higher of 125% of Basic SA or 10 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 :

15% of Basic SA is payable after 5th, 10th, 15th and 20th 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 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

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).

Child Money Back (832)

Product Summary

New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

25 Year at Maturity Time

Minimum Entry Age

0 Year Last Birthday

Maximum Entry Age

12 Year Last Birthday

Minimum Sum Assured

Rs. 1,00,000

Maximum Sum Assured

NO LIMIT (Depending upon income)

Policy Benefits

On Death :

On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :

If Policy in full force :
Completion Age 18YRS - 20% OF MSA
Completion Age 20YRS - 20% OF MSA
Completion Age 22YRS - 20% OF MSA
On Maturity at Age 25YRS - 40% of MSA + Vested Bonus + FAB

Surrendered Value

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

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).

Jeevan Tarun (834)

Product Summary

Jeevan Tarun Plan is non-linked, with-profits, Limited premium payment plan specially designed to meet the educational and other needs of growing children.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term

25 Year

PPT

20 Year

Minimum Entry Age

0 Year Last Birthday

Maximum Entry Age

12 Year Last Birthday

Minimum Sum Assured

Rs. 75,000

Maximum Sum Assured

NO LIMIT (Depending upon income)

Policy Benefits

On Death :

On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 10 times of annualized premium or Absolute amount assured to be paid on death i.e. 125% of Sum Assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :

Option is chosen at proposal stage.
Option-1: No Survival,Maturity Benefit 100% S.A.
Option-2: 5% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 75% S.A.
Option-3: 10% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 50% S.A.
Option-4: 15% S.A. every year For 5 Years from age 20 to 24,Maturity Benefit 25% S.A.

Surrendered Value

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

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).

Jeevan Shiromani (847)

Product Summary

Jeevan Shiromani plan is a non-linked, with-profits, limited premium payment money back life insurance plan especially designed for targeted segment of High Net-worth Individuals.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term / PPT

14/10, 16/12, 18/14 and 20/16 Years

Minimum Entry Age

18 Years completed

Maximum Entry Age

55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20

Maximum Maturity Age

69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20

Minimum Sum Assured

Rs 1 crore (Multiple of 5 lakhs thereafter)

Maximum Sum Assured

NO LIMIT

Guaranteed Addition

Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT

Policy Benefits

On Death :

Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA
*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums Paid

On Survival :

For 14 yrs policy : 30% of BSA in 10th and 12th year
For 16 yrs policy : 35% in 12th and 14th year
For 18 yrs policy : 40% in 14th and 16th year
For 20 yrs policy : 45% in 16th and 18th year
Maturity time : Remaining SA with GA + LA

Inbuilt Critical Illness Benefit

10% of BSA on diagnosis of 15 Critical diseases + Premium is deferred for 2 Years w/o interest.

Surrendered Value

The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.

Loan

Loan Facility is available under this plan, after payment of premiums for at least 1 full years.


Bima Shree (848)

Product Summary

Bima Shree plan is a non-linked, with-profits, limited premium payment money back life insurance plan with minimum Basic Sum Assured of Rs. 10 lakh especially designed for targeted segment of High Net-worth Individuals.

Premium Payment Mode

Yearly, Halfly, Quarterly, Monthly(ECS)

Term / PPT

14/10, 16/12, 18/14 and 20/16 Years

Minimum Entry Age

8 Years completed

Maximum Entry Age

55 Years (Nearer Birthday) for Term 14
51 Years (Nearer Birthday) for Term 16
48 Years (Nearer Birthday) for Term 18
45 Years (Nearer Birthday) for Term 20

Maximum Maturity Age

69 Years (Nearer Birthday) for term 14
67 Years (Nearer Birthday) for term 16
66 Years (Nearer Birthday) for term 18
65 Years (Nearer Birthday) for term 20

Minimum Sum Assured

Rs 10 lakhs (Multiple of 1 lakhs thereafter)

Maximum Sum Assured

NO LIMIT

Guaranteed Addition

Rs 50/- per 1000 SA for 1st 5 years
Rs 55/- per 1000 SA for remaining PPT

Policy Benefits

On Death :

Death during 5 yrs : SA on Death + GA
Death after 5 yrs : SA on Death + GA + LA
*SA on Death* : 125% of BSA or 10 times AP or 105% of Premiums Paid

On Survival :

For 14 yrs policy : 30% of BSA in 10th and 12th year
For 16 yrs policy : 35% in 12th and 14th year
For 18 yrs policy : 40% in 14th and 16th year
For 20 yrs policy : 45% in 16th and 18th year

New Critical Illness Benefit Rider available.
Premium Waiver Benefit Rider available.

Surrendered Value

The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.

Loan

Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

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