Plan Features
New Jeevan Shanti (858)
Product Summary
New Jeevan Shanti (858) is a non-linked, non-participating, single premium deferred annuity plan. Policy holder can choose between Single Life or Joint life annuity and maximum deferment period allowed is 12 years.
Premium Payment Mode :
Single premium only.
Annuity Mode
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
Optional Benefits
-
Term :
'-
Premium Paying Term :
-
Minimum Age at Entry :
30 Year completed
Maximum Age at Entry :
79 Years. (With maximum vesting age 80 Years)
Annuity Options
Deferred annuity two options (1. Single Life 2. Joint Life).
Minimum Purchase Price
Rs. 1,50,000
Deferment Period
1 year to 12 Years
Joint Annuity
Close Relatives (Grand parents, Parents, Children, Grand Children, Spouse or Siblings.
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
-
Accidental Death and Disability benefit (ADDB) :
Not available
Policy Benefits
On Death :
Higher of (Purchase Price +Additional death benefit) or (105% of the purchase price)
On Survival :
Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option :
-
Multiple Allowed
-
Surrender Value :
Surrender allowed any time during the term of the policy.
Loan :
Loan available after 3 months from the date of completion of the policy.
Income Tax Benefit :
Tax benefit on premium available u/s 80CCC of IT Act.
Proposal Form :
Special form for Jeevan Shanti. Form No 441