Jeevan Lakshya(833)





PRODUCT SUMMARY
This is a limited premium paying term conventional with profits Endowment Assurance plan where premium paying term is less than policy term by three years.

PREMIUM PAYING MODE:
Yearly,Half yearly, Quarterly, Monthly(ECS)

TERM
13 to 25 years

PREMIUM PAYING TERM:
(Policy term-3)years

MINIMUM ENTRY AGE:
18 years completed

MAXIMUM ENTRY AGE:
50 Years(Nearest Birthday)

Maximum maturity age:
65 year (Nearest birthday)

MINIMUM SUM ASSURED:
1,00,000

MAXIMUM SUM ASSURED
No Limit (depending upon income)

MAXIMUM ACCIDENTAL DEATH AND DISABILITY BENEFIT RIDER UP TO AGE 65.

POLICY BENEFITS

1.ON DEATH
Benefits payable on death:
Sum assured on death + bonuses and final additional bonus, if any, shall be payable in following manner:

a)Annual Income Benefit equal to 10% of the basic sum assured (till policy anniversary prior to date of maturity).
b)Assured Absolute Amount of 110% of Basic Sum assured, payable (on due date of maturity).
c)Along with bonuses and final additional bonus, if any, on maturity.(on due date of maturity).

2.ON SURVIVAL
On survival Basic Sum Assured + Vested Bonus +FAB if any.

SURRENDERED VALUE
The Policy can be surrendered at any time during the policy term provided at least 3 full years premiums have been paid.

LOAN FACILITY
Available after payment of premium of 3 full years.

INCOME TAX BENEFIT
*Premium paid under this plan is eligible for TAX rebate under section 80c.
*Maturity under this plan is free under sec 10(10D).

manisha

I am an Insurance Adviser (LIC) and an online re-seller. Also I am working in online field from past five years.

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1 Response

  1. 8th May 2019

    […] 3.JEEVAN LAKSHYA(833) […]

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