Single Premium Endowment (917)
Product Summary: Single premium ,non-linked, with profits endowment plan.
Premium Payment Mode: Single premium
Term: 10 to 25 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 65 Year (Nearest birthday)
Maximum Maturity Age: 75 Year
Minimum Sum Assured: Rs.50000
Maximum Sum Assured: No Limit (Subject to other conditions)
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 Addition Bonus(if any).
Surrender Value: Policy can be surrendered at any time during the policy term provided the premium cheque has been realized.
Loan: Loan can be availed at any time during the policy term after completion of one full 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 Form No 300 for major lives and Form No 360 for minor lives.
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