सोमवार, २५ सप्टेंबर, २०२३
रविवार, ३ सप्टेंबर, २०२३
Children plan (Jeevan Tarun 934)
Jeevan Tarun (934)
Product Summary: Jeevan Tarun plan is a non-linked, with profits,Limited premium payment plan specially designed to meet the educational expenses and other needs of growing children.
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 25 - Age at entry
Minimum Age at Entry: 0 Year Year last birthday
Maximum Age at Entry: 12 Year (Last Birthday)
Maximum Maturity Age: Not applicable
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject To (Other Conditions))
Riders Available No riders for life assured but Premium Waiver Benefit (PWB) available for proposer.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death(125% of Sum assured) + vested Simple Reversionary Bonus and Final Additional Bonus (if any).
On Survival: Option is to be chosen at the time of joining of the policy. Option-1: No Survival Benefit and 100% SA at maturity. Option-2: 5% of Sum Assured every year for 5 years from age 20 to 24 and 75% Sum Assured at the time of maturity. Option-3: 10% of Sum Assured every year for 5 years from age 20 to 24 and 50% Sum Assured at the time of maturity. Option-4: 15% of Sum Assured every year for 5 years from age 20 to 24 and 25% Sum Assured at the time of maturity.
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 300.
Children plan( Single Premium Endowment 917)
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.
Childrens Money Back 932
Childrens Money Back (932)
Product Summary: Childrens Money Back plan is a regular premium, non linked childrens plan, to help planning for the eduaction and or marriage of children
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 25 - age at entry
Minimum Age at Entry: 0 Year last birthday
Maximum Age at Entry: 12 year last birthday
Maximum Maturity Age: Not applicable
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available No riders for life assured but Premium Waiver Benefit (PWB) available for proposer.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death + vested Simple Reversionary Bonus and Final Additional Bonus (if any).
On Survival: On completion of age 18 Years - 20% of Maturity Sum Assured. On completion of 20 years of age - 20% of sum assured. On completion of 22 years of age 20% of sum assured, On Maturity at age 25 years 40% of Maturity Sum Assured + FAB.
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.
New Jeevan Shanti 858
New Jeevan Shanti (858)
Product Summary: New Jeevan Shanti (858) is a non-linked, non-participating, single premium deferred annuity plan. Policy holder can choose between Single Life or Joint life annuity and maximum deferment period allowed is 12 years.
Premium Payment Mode: Single premium only.
Annuity mode Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Minimum Age at Entry: 30 Year completed
Maximum Age at Entry: 79 Years. (With maximum vesting age 80 Years)
Annuity Options Deferred annuity two options (1. Single Life 2. Joint Life).
Minimum Purchase Price: Rs. 1,50,000
Deferment Period 1 year to 12 Years
Joint annuity Close Relatives (Grand parents, Parents, Children, Grand Children, Spouse or Siblings.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price)
On Survival: Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Surrender Value: Surrender allowed any time during the term of the policy.
Loan: Loan available after 3 months from the date of completion of the policy.
Income Tax Benefit: Tax benefit on premium available u/s 80CCC of IT Act.
Proposal Form Special form for Jeevan Shanti. Form No 441
Jeevan Akshay VII - 875
Jeevan Akshay VII - (857)
Product Summary: Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan.
Premium Payment Mode: Single Premium
Term: Single Premium with life long annuity benefits.
Minimum Age at Entry: 30 Years completed
Maximum Age at Entry: 100 Years (LBD) for option F and 85 Years (LBD) for all other options.
Premium paying term: Single premium
Minimum Purchase Price: 1,00,000 (other than Divyanjan where min purchase price is 50,000.
Maximum Purchase Price: No Limit
Riders Available Nil
Accidental Death and Disability Benefit (ADDB): Nil
On Death: Option A: Annuity stops on death. Option( B - E): Pension paid till the end of the guaranteed period. Option F : Entire purchase price paid back. Option H: 50% of annuity continued till the death of the second annuitant. Option I: 100% of annuity continued till the death of the second annuitant. Option J: 100% Pension continued for the life of second annuitant and full purchase price paid back on the death of the second annuitant.
On Survival: Annuity paid for life irrespective of the option.
Surrender Value: Surrender allowed 3 months after completion of the policy under options F and J.
Loan: Loan allowed 3 months after completion of the policy under options F and J.
Income Tax Benefit: Income Tax benefits not available.
Proposal Form Form No 440
Saral pension 862
Saral Pension (862)
Product Summary: Saral Pension (862) is an immediate annuity or pension plan which was devloped as per the instruction of IRDA to release a simple annuity product. Customer can chose between two annuity options -(1) Life annuity with 'Return of 100% of purchase price on death' (2) Joint life last survivor annuity with Return of 100% of purchase price on death of last survivor.
Premium Payment Mode: Single Premium
Term: Single Premium with life long annuity benefits.
Minimum Age at Entry: 40 Years Completed
Maximum Age at Entry: 80 Years Completed
Premium paying term: Single Premium
Minimum Purchase Price: Minimum purchase price shall depend on the Minimum Annuity as specified below.(Minimum Annuity:Annual -12,000, Hly-6,000, Qly-3,000, Mly -1,000)
Maximum Sum Assured: No Limit
Riders Available Nil
Accidental Death and Disability Benefit (ADDB): Nil
On Death: Option 1: Annuity stops on the death of the policy holder and the 100% purchace price is returned to the nominee. Option 2: (Joint Life) Annuity continues till the death of the last survivor and 100% of purchase price returned to the nominee on the death of the last survivor.
On Survival: Annuity paid for life irrespective of the option.
Surrender Value: 95 % of the purchase price shall be paid, any time after 6 months, to the annuitant, if application on medical ground is accepted by the corporation.
Loan: Loan allowed after six months from the date of commencement.(maximum loan will be restricted so that interest amount payable on loan does not exceed 50 % of annual annuity amount.
Income Tax Benefit: Income Tax benefits not available.
Proposal Form Special Proposal form for Saral Pension
Nivesh plus 849
Nivesh Plus (849)
Product Summary: Nivesh Plus (849) is a Single Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured can be choosen between 1.25 times of the premium and 10 times the premium. If sum assured opted is 10 times the premium, tax benefits on premium (80C )and section 10 (10D)
Premium Payment Mode: Single Premium
Term: (1) Basic Sum Assured 1.25 times premium: 10 to 25 years (2) Basic sum assured 10 times single premium (a) age up to 25 years:10 to 25 years (b) 26 to 30 years :10 to 20 years (c) 31 to 35 years : 10 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 70 years for option 1(Sum assured 1.25 times premium) and 35 years for option 2(10 times premium)
Maximum Cover Ceasing Age: 85 years for option 1 and 50 years for option 2
Minimum Sum Assured: 1,00,000
Maximum Sum Assured: No limit (Subject to other conditions)
Riders Available Accident death benefit
Accidental Death and Disability Benefit (ADDB): not available
On Death: Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival: Unit fund value is paid on policy holder surviving the term of the policy.
Surrender Value: Fund value available at the date of surrender(if surrendered after the lock in period)
Loan: No loan facility available
Income Tax Benefit: Available only for option 2
Proposal Form Special proposal form applicable
Ullip endowment 935
New Endowment Plus (935)
Product Summary: New Endowment Plus (935) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium.
Premium Payment Mode: Regular Premium(Yearly, Half Yearly, Quartery and monthly mode)
Term: 10 to 20 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 50 years
Maximum Maturity Age: 60 Years
Minimum Sum Assured: Yearly - 20,000, Half Yearly - 13,000, Quarterly -8,000, Monthly -3000
Maximum Sum Assured: No limit (Subject to other conditions)
Riders Available Accident death benefit
Accidental Death and Disability Benefit (ADDB): not available
On Death: Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured(10 times premium) less partial withdrawals( in previous two years) or unit fund value.
On Survival: Unit fund value is paid on policy holder surviving the term of the policy.
Surrender Value: Fund value available at the date of surrender(if surrendered after the lock in period)
Loan: No loan facility available
Income Tax Benefit: Available on premium paid u/s 80C and section 10(10D) on maturity benefit.
Proposal Form Special proposal form applicable
SIIP 852
SIIP (852)
Product Summary: SIIP (852) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium for age at entry less than 55 years. For age from 55 years 7 times annual premium is taken as sum assured.
Premium Payment Mode: Regular Premium(Yearly, Half Yearly, Quartery and monthly mode)
Term: 10 to 25 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 65 years
Maximum Cover Ceasing Age: 85 years for option 1 and 50 years for option 2
Minimum Sum Assured: Yearly - 40,000, Half Yearly - 22,000, Quarterly -12,000, Monthly -.4000
Maximum Sum Assured: No limit (Subject to other conditions)
Riders Available Accident death benefit
Accidental Death and Disability Benefit (ADDB): not available
On Death: Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival: Unit fund value is paid on policy holder surviving the term of the policy.
Surrender Value: Fund value available at the date of surrender(if surrendered after the lock in period)
Loan: No loan facility available
Income Tax Benefit: Available only for option 2
Proposal Form Special proposal form applicable
बुधवार, २३ ऑगस्ट, २०२३
Pension plus 867
New Pension Plus-(867)
Product Summary: New Pension Plus-(867) is a Unit Linked, individual pension plan which helps to build corpus by systemetic savings which can be converted to regular income.The plan is available as single as well as regular payment plan. The fund value available by surrender or as maturity benefit has to be utilized to purchase a pension. Comutation option can be availed up to 60 % of the fund value if needed.
Premium Payment Mode: Regular Premium(Yearly, Half Yearly, Quartery and monthly mode) and Single Premium mode
Term: 10 to 42 years
Minimum Age at Entry: 25 years last birthday
Maximum Age at Entry: 75 years
Maximum Maturity Age: 85 years(Last birth day)
Minimum Instalment Premium: Regular Premium [Yearly - 30,000, Half Yearly - 16,000, Quarterly -9,000, Monthly -.3000]; Single Premium-[1,00,000];
Maximum Premium: No limit (Subject to other conditions)
Riders Available Nil
Accidental Death and Disability Benefit (ADDB): not available
On Death: In case of an inforce policy:Higher of the (1)Unit fund value as on the date of intimation of death (2) Assured death benefit of 105% of the total premium received upto the date of death, reduced by partial withdrawals made during 2 year period immediatedly preceding the death of life assured.
On Survival: Unit fund value is paid on policy holder surviving the term of the policy which has to be utilized for purchasing a pension plan. Commutation facility can be availed if needed up to 60% of the fund value.
Surrender Value: Fund value available at the date of surrender(if surrendered after the lock in period)
Loan: No loan facility available
Income Tax Benefit: LIC will intimate soon if available
Proposal Form Special proposal form applicable
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