Jeevan labh (836) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
PREMIUM PAYING MODE:-
Yearly, Half yearly, Quarterly, Monthly(ECS)
PREMIUM PAYING TERM:-
For term 16 years ppt 10 years
For term 21 years ppt 15 years
For term 25 years ppt 16 years
MINIMUM ENTRY AGE:-
8 Years completed
MAXIMUM ENTRY AGE:-
59 year (Nearest birthday)
MAXIMUM MATURITY AGE:-
MINIMUM SUM ASSURED:-
MAXIMUM SUM ASSURED:-
NO LIMIT (depending upon income)
MAXIMUM ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER UP TO AGE 70
Basic summ assured, OR 10 times of annualized premium, OR 105% of all premiums paid as on death, WHICHEVER IS HIGHER.
On survival Basic sum assured + Revisionary Bonus + Final additional Bonus.
The policy can be surrendered at any time during the policy term provided at least three full years have been paid.
Loan Facility is available under this plan, after payment of premiums for atleast 3 years.
INCOME TAX BENEFIT:-
*Premium paid under this plan is eligible for TAX rebate under section 80c.
*Maturity under this plan is free under sec10(10D).