Product Summary | Jeevan Labh is a regular premium, non - linked, with profit Endowment Assurance plan. Provides high returns at a lower premium compared to sum assured opted. |
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Premium Payment Mode | Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH) |
Annuity Mode | - |
Optional Benefits | - |
Term | 16 Year, 21 Year, 25 Year |
Premium Paying Term | - |
Minimum Age at Entry | 8 Years (completed) |
Maximum Age at Entry | 59 year (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 | - |
Sum Assured on Death | - |
Minimum Sum Assured | 2,00,000 |
Maximum Sum Assured | No Limit (Subject to other conditions) |
Guaranteed Additions | - |
Survival Benefits | - |
Riders Available | AB Rider. |
Accidental Death and Disability benefit (ADDB) | Available up to age 70 |
On Death | 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. |
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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 polic |
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 ac |
Proposal Form | Form No 300 for major lives and Form No 360 for minor lives. |