Plan Features
Jeevan Azad (868)
Product Summary
Non Linked, Non participating, Individual, Savings Life Insurance Plan. In other words, it is a limited premium endowment plan with guaranteed benefits.
Premium Payment Mode :
Yearly, Half Yearly, Quarterly and Monthly
Annuity Mode
-
Optional Benefits
-
Term :
15 to 20 Years
Premium Paying Term :
-
Minimum Age at Entry :
90 days(Completed)
Maximum Age at Entry :
65 Years (nbd) minus Policy Term
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age:
-
Maturity Age:
Minimum :18 Years (completed) Maximum:65 Years(nbd)
Sum Assured
Minimum : 2,00,000 Maximum : 5,00,000
Maturity Benefit
Basic Sum Assured
Death Benefit
Sum Assured on Death (Higher of - Basic Sum Assured / 7 times of annualized Premium / 105% of Total basic premiums paid )
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
Accidental death and disability benefit(AD&DB), Accident Benefit Rider, Premium Waiver Benefit.
Accidental Death and Disability benefit (ADDB) :
'-
Policy Benefits
On Death :
-
On Survival :
-
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option :
Available for 5 Years
Multiple Allowed
25000
Surrender Value :
Policy can be surrenderred any time during the policy term provided two full years premium have been paid.
Loan :
Loan shall be available under the plan after the policy acquires paid up value.(ie at least two full years premiums have been paid).
Income Tax Benefit :
Tax benefit available on premium paid u/s 80C. Maturity benefit exempted under section 10 (10D) of income tax act.
Proposal Form :
Special forms available for the plan.