Product Summary | Jeevan Anand Plan (915) is a regular premium, non - liked, with profit Endowment Assurance plan with life long insurance coverage equal to basic sum assured of the plan. |
---|---|
Premium Payment Mode | Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH) |
Annuity Mode | - |
Optional Benefits | - |
Term | 15 to 35 years |
Premium Paying Term | - |
Minimum Age at Entry | 18 year completed |
Maximum Age at Entry | 50 years (Nearest birth day) |
Annuity Options | - |
Minimum Purchase Price | - |
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 | 75 years |
Minimum Premium | |
Maximum Premium | |
Minimum Basic Sum Assured | - |
Minimum Basic Sum Assured | - |
Maximum Sum Assured | 1,00,000 |
Minimum Sum Assured | No Limit (Subject to other conditions) |
Guaranteed Additions | - |
Survival Benefits | - |
Riders Available | ADDB/AB, Critical Illness Rider, Term Rider |
Accidental Death and Disability benefit (ADDB) | Available up to age 70 |
On Death | 125% of Sum Assured + Vested Bonus + Final Addition Bonus(FAB) if any , OR 7 times of Annualized Premium , OR 105% of all premiums paid as on death, WHICH EVER IS HIGHER |
---|---|
On Survival | Basic Sum Assured + Vested Bonus + Final Additional Bonus (FAB) |
On detection of Early Stage Cancer | |
On detection of Major Stage Cancer | - |
Settlement Option | - |
Multiple Allowed | - |
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 | From No 300 for major lives and Form No 360 for minor lives. |