Plan Features
Aadhar Shila (994)
Product Summary
Aadhar Shila is a regular premium, non - liked, with profit Endowment Assurance plan. Exclusively designed for female lives. This plan is available with out medical examination and is provided only for standard lives. Maximum sum assured on a single life is restricted to 3 lakhs.
Premium Payment Mode :
Yearly, Half Yearly, Quarterly, Monthly(SSS and NACH)
Annuity Mode
-
Optional Benefits
-
Term :
10 to 20 Years
Premium Paying Term :
-
Minimum Age at Entry :
8 Years (completed)
Maximum Age at Entry :
55 year (Nearest birth day)
Annuity Options
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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 :
70 Years
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
-
Sum Assured on Death
-
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
5,00,000
Guaranteed Additions
-
Survival Benefits
-
Riders Available
AB Rider.
Accidental Death and Disability benefit (ADDB) :
Available up to age 70.
Policy Benefits
On Death :
Sum Assured OR 7 times of Annualized Premium, OR 110% of all premiums paid as on death, WHICH EVER IS HIGHER+ Loyalty addtion if any.
On Survival :
Basic Sum Assured + Loyalty addition (if any) available at the date of maturity.
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 policy.
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 act.
Proposal Form :
Form No 300 for major lives and Form No 360 for minor lives.