Plan Features
Jeevan Azad (868)
Product Summary
Non Linked, Non participating, Individual, Savings Life Insurance Plan. In other words, it is a limited premium endowment plan with guaranteed benefits.
Premium Payment Mode
Yearly, Half Yearly, Quarterly and Monthly
Annuity Mode
-
Optional Benefits
-
Term
15 to 20 Years
Premium Paying Term
-
Minimum Age at Entry
90 days(Completed)
Maximum Age at Entry
65 Years (nbd) minus Policy Term
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
Minimum :18 Years (completed) Maximum:65 Years(nbd)
Sum Assured
Minimum : 2,00,000 Maximum : 5,00,000
Maturity Benefit
Basic Sum Assured
Death Benefit
Sum Assured on Death (Higher of - Basic Sum Assured / 7 times of annualized Premium / 105% of Total basic premiums paid )
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
-
Minimum Premium
-
Maximum Premium
Minimum Basic Sum Assured
-
Sum Assured on Death
-.
Minimum Sum Assured
-
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accidental death and disability benefit(AD&DB), Accident Benefit Rider, Premium Waiver Benefit.
Accidental Death and Disability benefit (ADDB)
-
Policy Benefits
On Death
-
On Survival
-
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
Available for 5 Years
Multiple Allowed
25000
Surrender Value
Policy can be surrenderred any time during the policy term provided two full years premium have been paid
Loan
Loan shall be available under the plan after the policy acquires paid up value.(ie at least two full years premiums have been paid
Income Tax Benefit
Tax benefit available on premium paid u/s 80C. Maturity benefit exempted under section 10 (10D) of income tax act.
Proposal Form
Special forms available for the plan.
| Product Summary | Non Linked, Non participating, Individual, Savings Life Insurance Plan. In other words, it is a limited premium endowment plan with guaranteed benefits. |
|---|---|
| Premium Payment Mode | Yearly, Half Yearly, Quarterly and Monthly |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 15 to 20 Years |
| Premium Paying Term | - |
| Minimum Age at Entry | 90 days(Completed) |
| Maximum Age at Entry | 65 Years (nbd) minus Policy Term |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | Minimum :18 Years (completed) Maximum:65 Years(nbd) |
| Sum Assured | Minimum : 2,00,000 Maximum : 5,00,000 |
| Maturity Benefit | Basic Sum Assured |
| Death Benefit | Sum Assured on Death (Higher of - Basic Sum Assured / 7 times of annualized Premium / 105% of Total basic premiums paid ) |
| Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - | Maximum Maturity Age | - |
| Minimum Premium | - |
| Maximum Premium | |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | -. |
| Minimum Sum Assured | - |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Accidental death and disability benefit(AD&DB), Accident Benefit Rider, Premium Waiver Benefit. |
| Accidental Death and Disability benefit (ADDB) | - |
| On Death | - |
|---|---|
| On Survival | - |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | Available for 5 Years |
| Multiple Allowed | 25000 |
| Surrender Value | Policy can be surrenderred any time during the policy term provided two full years premium have been paid |
| Loan | Loan shall be available under the plan after the policy acquires paid up value.(ie at least two full years premiums have been paid |
| Income Tax Benefit | Tax benefit available on premium paid u/s 80C. Maturity benefit exempted under section 10 (10D) of income tax act. |
| Proposal Form | Special forms available for the plan. |
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