Plan Features
New Jeevan Shanti (858)
Product Summary
New Jeevan Shanti (858) is a non-linked, non-participating, single premium deferred annuity plan. Policy holder can choose between Single Life or Joint life annuity and maximum deferment period allowed is 12 years.
Premium Payment Mode
Single premium only.
Annuity Mode
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Optional Benefits
-
Term
-
Premium Paying Term
-
Minimum Age at Entry
30 Year completed
Maximum Age at Entry
79 Years. (With maximum vesting age 80 Years)
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
Deferred annuity two options (1. Single Life 2. Joint Life).
Minimum Purchase Price
Rs. 1,50,000
Deferment Period
1 year to 12 Years
Joint Annuity
Close Relatives (Grand parents, Parents, Children, Grand Children, Spouse or Siblings.
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
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 (ADDB)
Not available
Policy Benefits
On Death
Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price)
On Survival
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Surrender allowed any time during the term of the policy.
Loan
Loan available after 3 months from the date of completion of the policy.
Income Tax Benefit
Tax benefit on premium available u/s 80CCC of IT Act.
Proposal Form
Special form for Jeevan Shanti. Form No 441
| Product Summary | New Jeevan Shanti (858) is a non-linked, non-participating, single premium deferred annuity plan. Policy holder can choose between Single Life or Joint life annuity and maximum deferment period allowed is 12 years. |
|---|---|
| Premium Payment Mode | Single premium only. |
| Annuity Mode | Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. |
| Optional Benefits | - |
| Term | - |
| Premium Paying Term | - |
| Minimum Age at Entry | 30 Year completed |
| Maximum Age at Entry | 79 Years. (With maximum vesting age 80 Years) |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | Deferred annuity two options (1. Single Life 2. Joint Life). |
| Minimum Purchase Price | Rs. 1,50,000 |
| Deferment Period | 1 year to 12 Years |
| Joint Annuity | Close Relatives (Grand parents, Parents, Children, Grand Children, Spouse or Siblings. |
| 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 | |
| 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 (ADDB) | Not available |
| On Death | Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price) |
|---|---|
| On Survival | Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Surrender allowed any time during the term of the policy. |
| Loan | Loan available after 3 months from the date of completion of the policy. |
| Income Tax Benefit | Tax benefit on premium available u/s 80CCC of IT Act. |
| Proposal Form | Special form for Jeevan Shanti. Form No 441 |
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