Plan Features
Dhan Shanchay (865)
Product Summary
Non Linked, Non participating, Individual, Life Insurance Plan. In other words, it is a guaranteed income plan where regular pay outs are provided from the date of maturity as Guaranteed Income Benefits (GIB). A lumpsum payment along with the last instalment of guaranteed income benefit also shall be available as guaranteed terminal benefit (GTB).
Premium Payment Mode
Single Premium, Yearly, Half Yearly, Quarterly and Monthly(NACH/SSS)
Annuity Mode
-
Optional Benefits
-
Term
5, 10 and 15 Years
Premium Paying Term
-
Minimum Age at Entry
3 years (completed) for Policy Term 15 Years, 8 Years (completed) for policy term 10 years, 13 Years completed for Policy term 5 years.
Maximum Age at Entry
Option A and Option - B 50 Years (NBD), OPTION C - 65 Years (NBD), OPTION D - 40 Years(NBD)
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
-
Sum Assured
-
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
Option A and Option - B ->65 Years (NBD), OPTION C -> 80 Years (NBD), OPTION D - 55 Years(NBD).
Minimum Premium
Single Premium - Rs.2,00,000, Regular Premium -Rs.30,000.
Maximum Premium
Minimum Basic Sum Assured
-
Sum Assured on Death
Minimum Sum Assured on Death: OPTION A and OPTION B - Rs.3,30,000 OPTION C-2,50,000.
Minimum Sum Assured
-
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accidental Death and disability Benefit(AD&DB), Accident Benefit Rider(AB), Term Assurance Rider, Critical Illness Rider and Premium waiver benefit.
Accidental Death and Disability benefit (ADDB)
Yes
Policy Benefits
On Death
Sum Assured on Death' shall be payable ( where Sum Assured on death shall be higher of (1) 11 times of annualized premium or (2) Sum Assured on maturity or (3) 105% of total prmiums paid upto the date of death).
On Survival
(1) Guaranteed Income Benefit (Regular or Increasing as per the choice) shall be paid in advance as per the chosen payout mode( Yearly or Half Yearly or Quarterly or Monthly) during the Payout Period. (2) Guaranteed Terminal Benefit as a lumpsum payment shall be payable along with the last instalment of guaranteed income benefit.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Policy can be surrenderred any time after atleast two year premiums are paid, in case of limited and regular premium payment mode. In case of single premium mode policy can be surrendered any time subject to the realization of the premium cheque
Loan
Loan available after atleast premium for 2 years are paid.
Income Tax Benefit
Premium paid will be eligible for Section 80C benefit. Income benefit and Terminal benefit will be excempted from Income tax u/s 10(10d).
Proposal Form
Form no 300 for major lives and form 360 for minors.
| Product Summary | Non Linked, Non participating, Individual, Life Insurance Plan. In other words, it is a guaranteed income plan where regular pay outs are provided from the date of maturity as Guaranteed Income Benefits (GIB). A lumpsum payment along with the last instalment of guaranteed income benefit also shall be available as guaranteed terminal benefit (GTB). |
|---|---|
| Premium Payment Mode | Single Premium, Yearly, Half Yearly, Quarterly and Monthly(NACH/SSS) |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 5, 10 and 15 Years |
| Premium Paying Term | - |
| Minimum Age at Entry | 3 years (completed) for Policy Term 15 Years, 8 Years (completed) for policy term 10 years, 13 Years completed for Policy term 5 years. |
| Maximum Age at Entry | Option A and Option - B 50 Years (NBD), OPTION C - 65 Years (NBD), OPTION D - 40 Years(NBD) |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | - |
| Sum Assured | - |
| Maturity Benefit | - |
| Death Benefit | - |
| Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - | Maximum Maturity Age | Option A and Option - B ->65 Years (NBD), OPTION C -> 80 Years (NBD), OPTION D - 55 Years(NBD). |
| Minimum Premium | Single Premium - Rs.2,00,000, Regular Premium -Rs.30,000. |
| Maximum Premium | |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | Minimum Sum Assured on Death: OPTION A and OPTION B - Rs.3,30,000 OPTION C-2,50,000. |
| Minimum Sum Assured | - |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Accidental Death and disability Benefit(AD&DB), Accident Benefit Rider(AB), Term Assurance Rider, Critical Illness Rider and Premium waiver benefit. |
| Accidental Death and Disability benefit (ADDB) | Yes |
| On Death | Sum Assured on Death' shall be payable ( where Sum Assured on death shall be higher of (1) 11 times of annualized premium or (2) Sum Assured on maturity or (3) 105% of total prmiums paid upto the date of death). |
|---|---|
| On Survival | (1) Guaranteed Income Benefit (Regular or Increasing as per the choice) shall be paid in advance as per the chosen payout mode( Yearly or Half Yearly or Quarterly or Monthly) during the Payout Period. (2) Guaranteed Terminal Benefit as a lumpsum payment shall be payable along with the last instalment of guaranteed income benefit. |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Policy can be surrenderred any time after atleast two year premiums are paid, in case of limited and regular premium payment mode. In case of single premium mode policy can be surrendered any time subject to the realization of the premium cheque |
| Loan | Loan available after atleast premium for 2 years are paid. |
| Income Tax Benefit | Premium paid will be eligible for Section 80C benefit. Income benefit and Terminal benefit will be excempted from Income tax u/s 10(10d). |
| Proposal Form | Form no 300 for major lives and form 360 for minors. |
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