Plan Features
Jeevan Akshay VII (857)
Product Summary
Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan.
Premium Payment Mode :
Single premium only.
Annuity Mode
-
Optional Benefits
-
Term :
Single Premium with life long annuity benefits.
Premium Paying Term :
Single premium
Minimum Age at Entry :
30 Year completed
Maximum Age at Entry :
100 Years (LBD) for option F and 85 Years (LBD) for all other options.
Annuity Options
-
Minimum Purchase Price
1,00,000 (other than Divyanjan where min purchase price is 50,000.
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 :
-
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
-
Sum Assured on Death
-
Minimum Sum Assured :
-
Maximum Sum Assured :
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Nil
Accidental Death and Disability benefit (ADDB) :
Nil
Policy Benefits
On Death :
Option A: Annuity stops on death. Option( B - E): Pension paid till the end of the guaranteed period. Option F : Entire purchase price paid back. Option H: 50% of annuity continued till the death of the second annuitant. Option I: 100% of annuity continued till the death of the second annuitant. Option J: 100% Pension continued for the life of second annuitant and full purchase price paid back on the death of the second annuitant.
On Survival :
Annuity paid for life irrespective of the option.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option :
-
Multiple Allowed
-
Surrender Value :
Surrender allowed 3 months after completion of the policy under options F and J.
Loan :
Loan allowed 3 months after completion of the policy under options F and J.
Income Tax Benefit :
Income Tax benefits not available.
Proposal Form :
Form No 440