SINGLE PREMIUM ENDOWMENT PLAN (917)

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.
CONTACT US
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