Plan Features
SINGLE PREMIUM ENDOWMENT PLAN (917)
Product Summary
Single Premium, non- linked, with profits endowment plan.
Premium Payment Mode
Single Premium
Annuity Mode
-
Optional Benefits
-
Term
10 to 25 years
Premium Paying Term
-
Minimum Age at Entry
90 days completed
Maximum Age at Entry
65 years (Nearest birth day)
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
75 years
Minimum Premium
-
Maximum Premium
Minimum Basic Sum Assured
-
Sum Assured on Death
-
Minimum Sum Assured
5,00,000
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
On Death after commencement of risk : Sum Assured + Vested Bonus + Final Addition Bonus( FAB ) if any and on death before commencement of risk, return of single premium excluding taxes and extra premium.
On Survival
Sum Assured + Vested Bonus + Final Additional Bonus (FAB)
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 after completion of one year from the inception of policy.
Income Tax Benefit
Premium paid under the policy is eligible for Tax rebate under section 80C up to 10 % of Sum Assured.
Proposal Form
From No 300 for major lives and Form No 360 for minor lives.
| Product Summary | Single Premium, non- linked, with profits endowment plan. |
|---|---|
| Premium Payment Mode | Single Premium |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 to 25 years |
| Premium Paying Term | - |
| Minimum Age at Entry | 90 days completed |
| Maximum Age at Entry | 65 years (Nearest birth day) |
| 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 | 75 years |
| Minimum Premium | - |
| Maximum Premium | |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | - |
| Minimum Sum Assured | 5,00,000 |
| 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 | On Death after commencement of risk : Sum Assured + Vested Bonus + Final Addition Bonus( FAB ) if any and on death before commencement of risk, return of single premium excluding taxes and extra premium. |
|---|---|
| On Survival | Sum Assured + Vested Bonus + Final Additional Bonus (FAB) |
| 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 after completion of one year from the inception of policy. |
| Income Tax Benefit | Premium paid under the policy is eligible for Tax rebate under section 80C up to 10 % of Sum Assured. |
| Proposal Form | From No 300 for major lives and Form No 360 for minor lives. |
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