Product Summary:
·
This is a limited premium paying term conventional With-Profits Endowment Assurance plan where premium paying term is
less than policy term by three years.
Premium Payment Mode: Yearly, Half Yearly, Quarterly,
Monthly (ECS)
Term: 13 to 25 Years
PPT: (Policy Term - 3) Years
Minimum Entry Age:
18 Year Completed
Maximum Entry Age: 50 Year (Nearest
Birthday)
Maximum Maturity Age: 65 Year
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: NO LIMIT (Depending upon
Income)
Maximum Accidental Death and
Disability Benefit Rider up to age 70.
Policy Benefits:
· On Death:
o
Sum Assured on Death + Bonuses & Final
Additional Bonus, if any, shall be payable in following manner.
o
Annual Income Benefit equal to 10% of the Basic
Sum Assured (till policy anniversary prior to date of maturity)
o
Assured
Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity)
o
Along with Bonuses & Final Additional Bonus,
if any, on maturity. (on due date of maturity)
On Survival:
· On survival Basic Sum Assured + Vested Bonus +
FAB if any.
Surrendered Value:
· The Policy can be surrendered at any time during
the policy term provided at least 3 full years premiums have been paid.
Loan:
• Available after payment of
premium of 3 full years.
Income Tax Benefit:
• Premium paid under this plan is
eligible for TAX rebate under section 80c.
• Maturity under this plan is free
under sec 10(10D).
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