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Home All Updates (80) Plan :Jeevan Lakshya
Plan :Jeevan Lakshya
Plan :Jeevan Lakshya (833) Product Summary : This is a limited premium paying term conventional With-Profits Endowment Assurance plan wherepremium 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 : 1, 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 & 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 & Final Additional Bonus, if any, on maturity. (on due date of maturity) 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 atleast 3 full years premiums have been paid. Loan : Available after payment of premium of 3 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).
  • 2018-04-30T09:41:52

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