Plan Features
SINGLE PREMIUM ENDOWMENT PLAN (917)
Product Summary
Single Premium, non- linked, with profits endowment plan.
Premium Payment Mode :
Single Premium
Annuity Mode
-
Optional Benefits
-
Term :
10 to 25 years
Premium Paying Term :
-
Minimum Age at Entry :
90 days completed
Maximum Age at Entry :
65 years (Nearest birth day)
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 :
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age :
75 years
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
-
Sum Assured on Death
-
Minimum Sum Assured :
5,00,000
Maximum Sum Assured :
No Limit (Subject to other conditions)
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Nil
Accidental Death and Disability benefit (ADDB) :
Not available
Policy Benefits
On Death :
On Death after commencement of risk : Sum Assured + Vested Bonus + Final Addition Bonus( FAB ) if any and on death before commencement of risk, return of single premium excluding taxes and extra premium.
On Survival :
Sum Assured + Vested Bonus + Final Additional Bonus (FAB)
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
​Settlement Option :
-
Multiple Allowed
-
Surrender Value :
Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan :
Loan can be availed at any time during the policy term after completion of one year from the inception of policy.
Income Tax Benefit :
Premium paid under the policy is eligible for Tax rebate under section 80C up to 10 % of Sum Assured.
Proposal Form :
From No 300 for major lives and Form No 360 for minor lives.