Jeevan Utsav 871

Jeevan Utsav 871 Product Summary: Jeevan Utsav (871) is a non linked , guaranteed benefit, whole life assurance plan. Guaranteed additions @ Rs 40 per 1000 Sum Assured shall get accrued to the policy account through out the premium paying term. Guaranteed survival benefits at the rate of 10% of the sum assured shall be available (from the specific income start year) throughout the life of the policy holder. Sum Assured on death along with accrued guaranteed additions shall be paid as the death benefit to the nominee. Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH) Term: 100 - Age at entry. Premium Paying Term 5 to 16 years Minimum Age at Entry: 90 days (completed) Maximum Age at Entry: 65 Years (nbd) Income start age For premium payment period of 5 to 7 years-> 10 years. For premium payment period from 8 to 16 years->(premium payment preiod+2) Minimum Sum Assured: Rs. 5,00,000 Riders Available AB/ADDB,Term Rider, Critical illness rider, Premium Waiver Benefit(for minors). Accidental Death and Disability Benefit (ADDB): Available up to age 70. On Death: Sum Assured on death + vested Guaranteed Additions On Survival: 10 % of sum assured shall be paid every year(from the income start year) till 100 years of age and on surviving the period, Sum assured + accrued Guaranteed Additions shall be paid. Surrender Value: Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid. Loan: Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid. 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(based on the SA restrictions on 10(10D) imposed). Proposal Form Form No 300 for major lives and Form No 360 for minor lives.