NEW ENDOWMENT PLAN (814)
New endowment Plan(814) is a
3.With profits endowment plan.
Premium paying mode:
yearly,half yearly, quarterly, monthly(ECS)
12 to 35 years
Minimum Entry Age:
8 year completed
Maximum Entry Age:
55 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
Sum Assured + Vested Bonus+ FAB if any.
The policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Loan facility is available under this plan,after payment of premiums for atleast 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 sec10(10D).