Product Summary | Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan. |
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Premium Payment Mode | Single premium only. |
Annuity Mode | - |
Optional Benefits | - |
Term | Single Premium with life long annuity benefits. |
Premium Paying Term | Single premium |
Minimum Age at Entry | 30 Year completed |
Maximum Age at Entry | 100 Years (LBD) for option F and 85 Years (LBD) for all other options |
Annuity Options | - |
Minimum Purchase Price | 1,00,000 (other than Divyanjan where min purchase price is 50,000. |
Deferment Period | - |
Joint Annuity | - |
Maximum Cover Ceasing Age | - |
Maturity Age | - |
Sum Assured | - |
Maturity Benefit | - |
Death Benefit | - | Minimum Basic Sum Assured | - |
Minimum age at the end of Premium Paying Term | - |
Maximum Maturity Age | |
Minimum Premium | - |
Maximum Premium | - |
Minimum Basic Sum Assured | - |
Sum Assured on Death | - |
Minimum Sum Assured | - |
Maximum Sum Assured | - |
Guaranteed Additions | - |
Survival Benefits | - |
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. |
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On Survival | Annuity paid for life irrespective of the option |
On detection of Early Stage Cancer | - |
On detection of Major Stage Cancer | - |
Settlement Option | - |
Multiple Allowed | - |
Surrender Value | Surrender allowed 3 months after completion of the policy under options F and |
Loan | Loan allowed 3 months after completion of the policy under options F and |
Income Tax Benefit | Income Tax benefits not available. |
Proposal Form | Form No 440 |