Plan Features
Nivesh Plus (849)
Product Summary
Nivesh Plus (849) is a Single Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk appetite.Basic sum assured can be chosen between 1.25 times of the premium and 10 times the premium. If sum assured opted is 10 times the premium, tax benefits on premium (80C )and section 10 (10D)
Premium Payment Mode :
Single Premium
Annuity Mode
-
Optional Benefits
-
Term :
(1) Basic Sum Assured 1.25 times premium: 10 to 25 years (2) Basic sum assured 10 times single premium (a) age up to 25 years:10 to 25 years (b) 26 to 30 years :10 to 20 years (c) 31 to 35 years : 10 years
Premium Paying Term :
-
Minimum Age at Entry :
90 days completed
Maximum Age at Entry :
70 years for option 1(Sum assured 1.25 times premium) and 35 years for option 2(10 times premium)
Annuity Options
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Minimum Purchase Price
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Deferment Period
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Joint Annuity
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Maximum Cover Ceasing Age:
85 years for option 1 and 50 years for option 2
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 :
1,00,000
Maximum Sum Assured :
No limit (Subject to other conditions)
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accident death benefit
Accidental Death and Disability benefit (ADDB) :
Not available
Policy Benefits
On Death :
Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival :
Unit fund value is paid on policy holder surviving the term of the policy.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
āSettlement Option :
-
Multiple Allowed
-
Surrender Value :
Fund value available at the date of surrender(if surrendered after the lock in period)
Loan :
No loan facility available
Income Tax Benefit :
Available only for option 2
Proposal Form :
Special proposalĀ formĀ applicable