Plan Features
New Jeevan Amar (955)
Product Summary
New Jeevan Amar (955) is a Non-Linked, without-profit pure protection plan with minimum Sum Assured of 25,00,000. Two death benefit options available in this plan are 1. Level Sum Assured and Increasing Sum Assured. Two categories of premium are available under 1. Smoker and 2. Non-Smoker category.
Premium Payment Mode
Regular premium, Single premium or Limited premium(term - 5 and term - 10).
Annuity Mode
-
Optional Benefits
-
Term
10 to 40 Years
Premium Paying Term
Regular premium: Same as policy term. Limited Premium (Policy Term- 5 Years and Policy Term -10 Years
Minimum Age at Entry
18 Years (Last Birthday)
Maximum Age at Entry
65 Years (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. 25,00,000
Maximum Sum Assured
No Limit (Subject to other conditions)
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Nil
Accidental Death and Disability benefit (ADDB)
Not available
Policy Benefits
On Death
For regular premium and limited premium payment policy, Sum Assured on death is defined as the highest of 1. Seven times of annualized premium; or 2. Hundred and five percent of all the premium paid as on the date of death; or 3. the absolute amount assured to be paid on death. Absolute amount assured to be paid o death shall depend on death benefit option chosen at the time of inception of the policy as given below. Option 1. Level Sum Assured - Amount equal to basic sum assured.Option 2. Increasing Sum Assured - Equal to basic sum assured till 5th year and increases every year by 10% up to 15th year, and remains constant at 2 times sum assured there after
On Survival
Noting is payable on survival as it is a pure term plan.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
No surrender value will be avialable under this plan.
Loan
No Loan available
Income Tax Benefit
Premium under this plan is eligible for tax benefit under section 80C of income tax act.
Proposal Form
Form No 300 and 340
| Product Summary | New Jeevan Amar (955) is a Non-Linked, without-profit pure protection plan with minimum Sum Assured of 25,00,000. Two death benefit options available in this plan are 1. Level Sum Assured and Increasing Sum Assured. Two categories of premium are available under 1. Smoker and 2. Non-Smoker category. |
|---|---|
| Premium Payment Mode | Regular premium, Single premium or Limited premium(term - 5 and term - 10). |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 to 40 Years |
| Premium Paying Term | Regular premium: Same as policy term. Limited Premium (Policy Term- 5 Years and Policy Term -10 Years |
| Minimum Age at Entry | 18 Years (Last Birthday) |
| Maximum Age at Entry | 65 Years (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. 25,00,000 |
| Maximum Sum Assured | No Limit (Subject to other conditions) |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Nil |
| Accidental Death and Disability benefit (ADDB) | Not available |
| On Death | For regular premium and limited premium payment policy, Sum Assured on death is defined as the highest of 1. Seven times of annualized premium; or 2. Hundred and five percent of all the premium paid as on the date of death; or 3. the absolute amount assured to be paid on death. Absolute amount assured to be paid o death shall depend on death benefit option chosen at the time of inception of the policy as given below. Option 1. Level Sum Assured - Amount equal to basic sum assured.Option 2. Increasing Sum Assured - Equal to basic sum assured till 5th year and increases every year by 10% up to 15th year, and remains constant at 2 times sum assured there after |
|---|---|
| On Survival | Noting is payable on survival as it is a pure term plan. |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | No surrender value will be avialable under this plan. |
| Loan | No Loan available |
| Income Tax Benefit | Premium under this plan is eligible for tax benefit under section 80C of income tax act. |
| Proposal Form | Form No 300 and 340 |
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