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. |
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Premium Payment Mode | Regular Premium(Yearly, Half Yearly, Quartery and monthly mode) |
Annuity Mode | - |
Optional Benefits | - |
Term | 10 to 20 years |
Premium Paying Term | - |
Minimum Age at Entry | 90 days completed |
Maximum Age at Entry | 50 years |
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 | 60 Years |
Minimum Premium | - |
Maximum Premium | |
Minimum Basic Sum Assured | - |
Sum Assured on Death | - |
Minimum Sum Assured | Yearly - 20,000, Half Yearly - 13,000, Quarterly -8,000, Monthly -3000 |
Maximum Sum Assured | No limit (Subject to other conditions) |
Guaranteed Additions | - |
Survival Benefits | - |
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. |
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On Survival | Unit fund value is paid on policy holder surviving the term of the policy. |
On detection of Early Stage Cancer | - |
On detection of Major Stage Cancer | - |
Settlement Option | - |
Multiple Allowed | - |
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 |