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Plan :Aadhaar Stambh
Plan :Aadhaar Stambh(843) Product Summary : This is a regular premium paying Non-linked, With-Profits, Endowment Assurance plan.This Plan is exclusively designed for MALE LIVES having Aadhaar Card issued by UIDAI.This plan shall be available to standard lives only without any medical examination andthe total Sum Assured under all the policies issued to an Individual under this plan shall not exceed Rs. 3 lacs. Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS) Term : 10 to 20 Years Minimum Entry Age : 8 Year Completed Maximum Entry Age : 55 Year (Nearest Birthday) Maximum Maturity Age : 70 Year Minimum Sum Assured : 75, 000 Maximum Sum Assured : 3, 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 • 10 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 atleast three 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. 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).
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Plan :Pradhan Mantri
Plan :Pradhan Mantri Vaya Vandana Yojana(842) Product Summary : "Pradhan Mantri Vaya Vandana Yojana" (Plan No. 842) is a Government subsidized Scheme which shall provide an assured return of 8% p.a.payable monthly (i.e. equivalent to 8.30% p.a.) on the pensioner surviving during the policy term of 10 years for citizens aged 60 years and above. Premium Payment Mode: Single Premium Mode of Pension payment: • The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through NEFT OR Aadhaar Enabled Payment System only. Pension Rate : • Yearly : 8.30 • Halfly : 8.13 • Quarterly : 8.05 • Monthly : 8.00 Minimum Entry Age : 60 Year Completed Maximum Entry Age : No Limit Minimum Sum Assured : • Yearly : 1, 44, 578 • Halfly : 1, 47, 601 • Quarterly : 1, 49, 068 • Monthly : 1, 50, 000 Maximum Sum Assured : • Yearly : 7, 22, 892 • Halfly : 7, 38, 007 • Quarterly : 7, 45, 342 • Monthly : 7, 50, 000 Min-Max Pension Limit : • Minimum Pension: Rs. 1, 000/- per Month Rs. 3, 000/- per Quarter Rs. 6, 000/- per Half-year Rs. 12, 000/- per Year • Maximum Pension: Rs. 5, 000/- per Month Rs. 15, 000/- per Quarter Rs. 30, 000/- per Half-year Rs. 60, 000/- per Year Policy Benefits : On Death : On death, the full purchase price will be refunded to nominee. Surrendered Value : Surrender would be allowed in special circumstances like critical / terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price. Loan : Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.
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Plan :Jeevan Akshay
Plan :Jeevan Akshay VI(189) Product Summary : LIC Jeevan Akshay VI (189) is an immediate annuity plan that can be bought by paying a lumpsum as Single Premium. Pension will start immediately after buying the policy.Various options are available for the type and mode of payment of annuities. But once chosen, it can not be changed. Premium Payment Mode: Single Premium Annuity Mode: • Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals. You may opt any mode of payment of Annuity Minimum Entry Age : 30 Year Completed Maximum Entry Age : • 100 Year Last Birthday for option '[F] Annuity for life with return of purchase price on death' • 85 Year Last Birthday For all anuity option other than option 'F' Minimum Sum Assured : • Rs.1, 00, 000/- for all distribution channels except online. • Rs.1, 50, 000/- for on line sale. Maximum Sum Assured : NO LIMIT Annuity Option : i) Annuity for life ii) Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter iii) Annuity for life with return of purchase price on death iv) Annuity for life increasing at a simple rate of 3% p.a. v) Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of the annuitant. vi) Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant. vii) Annuity for life with a provision of 100% of the annuity payable to spouse during his/her life time on death of annuitant with return of purchase price on the death of last survivor. Policy Benefits : On Death : (a) Under option (i) - payment of annuity ceases. (b) Under option (ii) i. On death during the guarantee period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases. ii. On death after the guarantee period - payment of annuity ceases. (c) Under option (iii) - payment of annuity ceases and the purchase price is returned to the nominee. (d) Under option (iv) - payment of annuity ceases. (e) Under option (v) - payment of annuity ceases and 50% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant. (f) Under option (vi) - payment of annuity ceases and 100% of the annuity is paid to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, nothing is payable after the death of the annuitant. (g) Under option (vii) - payment of annuity ceases. 100% of the annuity is paid to the surviving named spouse during his/her life time and purchase price is returned to the nominee after the death of the spouse. If the spouse predeceases the annuitant, the annuity ceases and purchase price is paid to the nominee. The amount of annuity shall be assured throughout the period for which it is payable. Surrendered Value : Surrender shall be allowed after completion of atleast one policy year from date of commencement of policy only for Annuity Option 'F - Annuity for life with return of purchase price' in some circumstances. Loan : No loan will be available under the policy. Income Tax Benefit : • Premium paid under this plan is eligible for TAX rebate under section 80c. • Pension that is received is taxable. Proposal Form 440 (IA) shall be used under this plan.
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