Jeevan Lakshya (933)
Product Summary: Jeevan Lakshya is a limited premium paying term with profit endowment assurance plan with enhnced insurance coverage. Premium paying term is 3 years lesser than the term of the policy.
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: Policy term - 3
Minimum Age at Entry: 18 years completed
Maximum Age at Entry: 50 years (nearest birthday)
Maximum Maturity Age: 65 year (nearest Birthday)
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available ADDB/AB, Critical Illness Rider, Term Rider.
Accidental Death and Disability Benefit (ADDB): up to Age 65
On Death: On death: annual income benefit equal to 10 % of the basic sum assured (till policy anniversary prior to date of maturity) + 110% of Basic sum assured +vested bonus and FAB(if any) at the time of maturity.
On Survival: Basic sum assured + Veated Bonus +FAB (if any)
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 provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form Form No 360 + 300 if premium waiver benefit is opted.
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