This is a limited premium, non-linked,with profits Endowment Plan.
Features & Conditions of JEEVAN LABH PLAN:
Minimum age at entry :8 years lbd
Policy Term, PPT and Max. age at entry:
|Term||PPT||Max Entry Age|
|16 years||10 years||59 nbd|
|21 years||15 years||54 nbd|
|25 years||16 years||50 nbd|
Maximum Maturity Age: 75 yea rs nbd
Minimum S.A. : 2,00,000/- & in multiples of 10,000 thereafter.
Maximum S.A. : No limit
Available Riders: ADDB/AB Rider, Term Rider, Critical illness Rider and PWB Rider up to age 25 of child.
Mode of Payment: Yearly,Half Y ly,Qly & Mly (SSS & NACH)
Mode Rebate:Yearly : 2%, Half Yly : 1%
High Basic S.A. Rebate:
- Upto 4.90 lacs : Nil
- 5 lacs to 9.90 lacs : 1.25 %0 Basic SA
- 10 lacs to 14.90 lacs : 1.50 %0 Basic SA
- 15 lacs & Above : 1.75 %0 Basic SA
Grace Period: 15 Days for monthly mode and 30 days for other modes.
Claim Concessions: Available under Base Plan only. Not apply to Riders and Death due to Suicide.
Paid up/Surrender/Policy Loan: Available after payment of premium of 2 full years.
Revivals:Within 5 years of FUP. Back Dating:
Allowed with lean Month’s benefits.
Proposal Form: 300, 340 or 360
Tax Benefits :
- On Premium : u/s 80C
- Maturity/Death claim :u/s 10( 10D)
DEATH BENEFIT: Sum Assured on Death + Vested Bonus + FAB if any.
MATURITY BENEFIT: Basic Sum Assur ed + Vested Bonus + FAB if any.