Plan Features
JEEVAN UTSAV PLAN 871)
Product Summary
Jeevan utsav ( 871 ) is a non-linked, with-profits whole life assurance plan with guaranteed survival benefits at the rate of 10% of the sum assured after premium paying term, through out life. Bonus at a differential rate is available even after the premium paying plan in this plan. Sum Assured along with bonus and final additional bonus is paid at death or maturity ( which ever is earlier
Premium Payment Mode
Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH)
Annuity Mode
-
Optional Benefits
-
Term
100 - Age at entry
Premium Paying Term
5Year to 16Year
Minimum Age at Entry
90 days completed
Maximum Age at Entry
65 Years (nbd) of PPT min to max 05 to 10Years.
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
30 Years ( Nearest Birth Day )
Maximum Maturity Age
-
Minimum Premium
-
Maximum Premium
Minimum Basic Sum Assured
-5Lakh
Sum Assured on Death
-
Minimum Sum Assured
5,00,000
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
ADDB/AB, Critical Illness Rider, Term Rider, Premium Waiver Benefit (for minors).
Accidental Death and Disability benefit (ADDB)
Available up to age 70.
Policy Benefits
On Death
Sum Assured on death + vested bonus + FAB
On Survival
-
On detection of Early Stage Cancer
10% of sum assured shall be paid every year till 100 years of age and on surviving the period, Sum Assured + Vested Bonus + FAB shall be paid
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
From No 300 for major lives and Form No 360 for minor lives
| Product Summary | Jeevan utsav ( 871 ) is a non-linked, with-profits whole life assurance plan with guaranteed survival benefits at the rate of 10% of the sum assured after premium paying term, through out life. Bonus at a differential rate is available even after the premium paying plan in this plan. Sum Assured along with bonus and final additional bonus is paid at death or maturity ( which ever is earlier |
|---|---|
| Premium Payment Mode | Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH) |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 100 - Age at entry |
| Premium Paying Term | 5Year to 16Year |
| Minimum Age at Entry | 90 days completed |
| Maximum Age at Entry | 65 Years (nbd) of PPT min to max 05 to 10Years. |
| 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 | 30 Years ( Nearest Birth Day ) | Maximum Maturity Age | - |
| Minimum Premium | - |
| Maximum Premium | |
| Minimum Basic Sum Assured | -5Lakh |
| Sum Assured on Death | - |
| Minimum Sum Assured | 5,00,000 |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | ADDB/AB, Critical Illness Rider, Term Rider, Premium Waiver Benefit (for minors). |
| Accidental Death and Disability benefit (ADDB) | Available up to age 70. |
| On Death | Sum Assured on death + vested bonus + FAB |
|---|---|
| On Survival | - |
| On detection of Early Stage Cancer | 10% of sum assured shall be paid every year till 100 years of age and on surviving the period, Sum Assured + Vested Bonus + FAB shall be paid |
| 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 | From No 300 for major lives and Form No 360 for minor lives |
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