Plan : Jeevan Utsav (771)
Product Summary :
Jeevan Utsav (771) is a non linked , guaranteed benefit, whole life assurance plan. Guaranteed additions @ Rs 40 per 1000 Sum Assured shall get accrued to the policy account through out the premium paying term. Guaranteed survival benefits at the rate of 10% of the sum assured shall be available (from the specific income start year) throughout the life of the policy holder. Sum Assured on death along with accrued guaranteed additions shall be paid as the death benefit to the nominee.[Read less]
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
100 – Age at entry.
Minimum Entry Age :
90 days (completed)
Maximum Entry Age :
65 Years (nbd)
Premium Paying Term(PPT) :
5 to 16 Year
Minimum Sum Assured :
5,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum Assured + GA if any.,OR
7 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival :
10 % of sum assured shall be paid every year(from the income start year) till 100 years of age and on surviving the period, Sum assured + accrued Guaranteed Additions shall be paid at the age of 100 or on death.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Plan : Jeevan Umang (745)
Product Summary :
Jeevan Umang Plan (745) is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policyholder during the policy term.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
[100 – age entry] Year
PPT :
15 year
20 year
25 year
30 year
Minimum Entry Age :
[90]days (completed)
Maximum Entry Age :
55 years (Nearest Birthday) for PPT = 15
50 years (Nearest Birthday) for PPT = 20
45 years (Nearest Birthday) for PPT = 25
40 years (Nearest Birthday) for PPT = 30
Minimum age at the end of the PPT :
[30]years(Nearest Birthday)
Maximum age at the end of the PPT :
[70]years(Nearest Birthday)
Age at Maturity :
[100]years(Nearest Birthday)
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Maximum Accidental Benefit Rider shall be available during the ppt only.
Policy Benefits :
On Death :
On death before the commencement of Risk:
An amount equal to the total amount of premium/s paid without interest shall be payable.
On death after commencement of Risk:
Sum Assured on Death+vested simple reversionary Bonus + FAB if any.
Where Sum Assured on Death is defined as the highest of
Basic Sum-Assured,OR
7 times of Annualized Premium, OR
105%of all Premiums paid as on death
Plan : Jeevan Labh (736)
Product Summary :
Jeevan Labh Plan (736) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
16 Year
21 Year
25 Year
PPT :
For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year
Minimum Entry Age :
8 Year Completed
Maximum Entry Age :
59 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
Plan :New Endowment (714)
Product Summary :
New Endowment Plan (714) is a regular premium, non-linked, with profits Endowment Plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
12 to 35 years
Minimum Entry Age :
8 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Sum Assured + Vested Bonus + FAB if any.,OR
7 times of Annualized Premium, OR
105%of all Premiums paid as on death,
WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 full years
premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
Plan :Jeevan Anand (715)
Product Summary :
New Jeevan Anand(715) Plan is a participating non-linked plan which offers an attractive
combination of protection and savings. This combination provides financial protection against
death throughout the lifetime of the policyholder with the provision of payment of lump sum at the
end of the selected policy term in case of his or her survival.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
15 to 35 years
Minimum Entry Age :
18 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Provided all due premiums have been paid, the following death benefit shall be paid:
• On Death during the policy term: Death benefit, defined as sum of Sum Assured on Deathand
vested Simple Revisionary Bonuses and Final Additional bonus, if any, shall be payable. Where,
Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 7 times of
annualised premium. This death benefit shall not be less than 105% of all the premiums paid as
on date of death.The premiums mentioned above exclude service tax, extra premium and rider
premiums, if any.
• On death of policyholder at any time after policy term: Basic Sum Assured
On Survival :
Basic Sum Assured, along with vested Simple Revisionary Bonuses and Final Additional Bonus, if
any, shall be payable in lump sum on survival to the end of the policy term provided all due
premiums have been paid.
Surrendered Value :
The policy can be surrendered for cash provided at least two full years premiums have been
paid.The Guaranteed Surrender value during policy term shall be a percentage of total premiums
paid (net of service tax) excluding extra premiums and premiums for riders, if opted for. This
percentage will depend on the policy term and policy year in which the policy is surrendered.
Plan : Single Premium Endowment (717)
Product Summary :
Single Premium Endowment Plan (717) is a single premium, non-linked, with profits Endowment
Plan.
Premium Payment Mode:
Single Premium
Term :
10 to 25 Years
Minimum Entry Age :
30days Completed
Maximum Entry Age :
65 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Policy Benefits :
On Death :
On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk: Return of Single Premium excluding taxes and Extra
Premium.
On Survival :
On survival Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term subject to realization of the
premium cheque.
Loan :
Loan Facility is available under this plan, after completion of one policy year.
Income Tax Benefit :
• u/s 80C up to 10% of SA.
Plan : Jeevan Lakshya (733)
Product Summary :
This is a limited premium paying term conventional With-Profits Endowment Assurance plan
where premium paying term is less than policy term by three years.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
13 to 25 Years
PPT :
(Policy Term – 3) Years
Minimum Entry Age :
18Years Completed
Maximum Entry Age :
50Years (Nearest Birthday)
Maximum Maturity Age :
65 Year (Nearest Birthday)
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Policy Benefits :
On Death :
Benefits payable on death:
Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in following
manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date
of maturity).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).
On Survival :
On survival Basic Sum Assured + Vested Bonus + FAB if any.
Plan : Bima Jyoti (760)
Product Summary :
Bima Jyoti is a Non-linked, Non-participating, Individual, Limited Premium Payment, Life Insurance
Savings Plan. Under this plan, Guaranteed Additions shall accrue at the rate of Rs.50 per
thousand Basic Sum Assured at the end of each policy year throughout the policy term.
Premium Payment Mode :
Yearly, Halfly, Quarterly, Monthly(ECS)
Term/Ppt :
15/10, 16/11, 17/12 ,18/13,19/14 and 20/15 Years
Minimum Entry Age :
3 Years (Nearer Birthday) for Term 15
2 Years (Nearer Birthday) for Term 16
1 Years (Nearer Birthday) for Term 17
0 Years (Nearer Birthday) for Term 18
0 Years (Nearer Birthday) for Term 19
0 Years (Nearer Birthday) for Term 20
Maximum Entry Age :
60 Years (Nearer Birthday) for Term 15
59 Years (Nearer Birthday) for Term 16
58 Years (Nearer Birthday) for Term 17
57 Years (Nearer Birthday) for Term 18
56 Years (Nearer Birthday) for Term 19
55 Years (Nearer Birthday) for Term 20
Minimum Maturity Age :
18 years (completed)
Maximum Maturity Age :
75 years (nearer birthday)
Minimum Sum Assured :
Rs 1,25,000
Maximum Sum Assured :
No Limit
Guaranteed Addition :
Rs 50/- per 1000 SA for throughout the policy
Policy Benefits :
On Death :
On death during the policy term before the date of commencement of risk: Return of premiums
paid excluding taxes, any. extra amount chargeable under the policy due to underwriting decision
and rider premium(s), if any.
On death during the policy term after the date of commencement of risk : SA on Death + GA
*SA on Death* : 125% of BSA or 7 times AP or 105% of Premiums Paid
Date of Commencement of Risk: In case the age at entry of the Life Assured is less than 8 years,
the risk under this plan will commence either 2 years from the date of commencement or from the
policy anniversary coinciding with or immediately following the attainment of 8 years of age,
whichever is earlier. For those aged 8 years or more, risk will commence immediately.
Survival Benefits :
SA on Maturity + GA
*SA on Maturity* = Basic Sum Assured
New Term Assurance Rider available.
New Critical Illness Benefit Rider available.
Premium Waiver Benefit Rider available.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 full years
premiums have been paid.
Plan : Micro Bachat (751)
Product Summary :
Micro Bachat Plan (Table No. 751) is a traditional, non-linked, participating micro-insurance plan
that offers dual benefits of protection as well as savings. As the name suggests ‘micro bachat’
meaning ‘small savings’, this plan is designed to provide financial support to the family in case of
unfortunate death of the policyholder. If the policyholder survives the policy tenure, a lump sum
amount at the time of maturity is payable. The plan also provides loan facility to take care of
liquidity needs. The plan is ideal for the low-income groups.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
10 to 15 Years
Minimum Entry Age :
18 Year Completed
Maximum Entry Age :
55 Year (Nearest Birthday)
Maximum Maturity Age :
70 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
2,00,000
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
On death of the Life Assured during the policy term Sum Assured on Death shall be payable,
which is the highest of
• Basic Sum Assured; or
• 7 times of annualized premium; or• 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any. In
addition to the above, Loyalty Addition, if any, shall also be payable if death occurs after
completion of 5th policy year.
On Survival :
On survival to the end of the policy term Basic Sum Assured along with Loyalty Addition, if
any, shall be payable.
Surrendered Value :
The policy can be surrendered at any time during the policy term provided at least one full years
premiums have been paid.
Guaranteed Surrender Value:
The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes)
excluding any extra premiums and premiums for riders, if opted for. This percentage will depend
on the policy term and policy year in which the policy is surrendered.
Loan :
Loan facility is available under this plan, after payment of premiums for at least 3 full years subject
to following conditions :
a. The maximum loan as a percentage of surrender value shall be 70percent in case of inforce
policies and 60percent in case of paid-up policies.
b. The rate of interest to be charged for the loan amount would be determined from time to time by
the Corporation.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.