Plan Features
Dhan Varsha (866)
Product Summary
Non Linked, Non participating, Individual, Single Premium Life Insurance Plan. In other words, it is a single premium plan with guaranteed additions throughout the term of the plan.
Premium Payment Mode :
Single Premium
Annuity Mode
-
Optional Benefits
-
Term :
10 and 15 Years
Premium Paying Term :
-
Minimum Age at Entry :
3 years (completed) for Policy Term 15 Years, 8 Years (completed) for policy term 10 years.
Maximum Age at Entry :
OPTION 1 - 60 Years (NBD), OPTION 2 - 40 Years (NBD) for 10 Year Term and 35 Years (NBD) for 15 Year Term.
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 :
Rs.1,25,000
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age :
Option A and Option - B ->65 Years (NBD), OPTION C -> 80 Years (NBD), OPTION D - 55 Years(NBD).
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
Rs.1,25,000
Sum Assured on Death
OPTION 1 -> 1.25 times Tabular premium for chosen Basic Sum Assured; OPTION 2 -> 10 times Tabular premium for chosen Basic Sum Assured.
Minimum Sum Assured :
-
Maximum Sum Assured :
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accidental Death and disability Benefit (AD&DB), Term Assurance Rider.
Accidental Death and Disability benefit (ADDB) :
Yes
Policy Benefits
On Death :
Sum Assured on Death (Option 1 ->1.25 times TP; Option 2 ->10 times TP) + accrued Guaranteed Additions shall be paid
On Survival :
Basic Sum Assured + accrued Guaranteed Additions paid on maturity
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option :
-
Multiple Allowed
-
Surrender Value :
Policy can be surrendered any time during the policy term.(Guaranteed Surrender Value - 75% of single premium in the first year and 90% there after)
Loan :
Loan available after a minimum period of 3 months from the completion of the policy
Income Tax Benefit :
Option 1 -> No Tax Benefit. Option-2 -> Premium paid will be eligible for Section 80C benefit.Maturity benefit will be exempted from Income tax u/s 10(10d).
Proposal Form :
Form no 300 for major lives and form 360 for minors.