Product Summary | Jeevan Tarun plan is a non-linked, with profits,Limited premium payment plan specially designed to meet the educational expenses and other needs of growing children. |
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Premium Payment Mode | Yearly, Half Yearly, Quartely, Monthly(SSS and NACH) |
Annuity Mode | - |
Optional Benefits | - |
Term | 25 - Age at entry |
Premium Paying Term | - |
Minimum Age at Entry | 0 Year Year last birthday |
Maximum Age at Entry | 12 Year (Last Birthday) |
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 | Not applicable |
Minimum Premium | - |
Maximum Premium | |
Minimum Basic Sum Assured | - |
Sum Assured on Death | - |
Minimum Sum Assured | Rs. 1,00,000 |
Maximum Sum Assured | No Limit (Subject to other conditions) |
Guaranteed Additions | - |
Survival Benefits | - |
Riders Available | No riders for life assured but Premium Waiver Benefit (PWB) available for proposer. |
Accidental Death and Disability benefit (ADDB) | Not available |
On Death | On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death(125% of Sum assured) + vested Simple Reversionary Bonus and Final Additional Bonus (if any). |
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On Survival | Option is to be chosen at the time of joining of the policy. Option-1: No Survival Benefit and 100% SA at maturity. Option-2: 5% of Sum Assured every year for 5 years from age 20 to 24 and 75% Sum Assured at the time of maturity. Option-3: 10% of Sum Assured every year for 5 years from age 20 to 24 and 50% Sum Assured at the time of maturity. Option-4: 15% of Sum Assured every year for 5 years from age 20 to 24 and 25% Sum Assured at the time of maturity. |
On detection of Early Stage Cancer | - |
On detection of Major Stage Cancer | - |
Settlement Option | - |
Multiple Allowed | - |
Surrender Value | Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy. |
Loan | Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy. |
Income Tax Benefit | Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act. |
Proposal Form | Form No 300. |