Jeevan Umang (845)
Jeevan Umang Plan (845) 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)
100 (Age Entry) Years
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 PPT
30 Years (Nearest Birthday)
Maximum Age at the end of PPT
70 Years (Nearest Birthday)
Age at Maturity
100 Years (Nearest Birthday)
Minimum Sum Assured
Maximum Sum Assured
NO LIMIT (Depending upon income)
Masimum Accidental Death and Disability Benefit Rider up to age 70.
Maximum Accidental Benefit Rider shall be available during the PPT only.
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
10 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.