This is a limited premium, non-linked, with profits Endowment Plan. Premiums are payable for 3 years less than policy term.

Features & Conditions JEEVAN LAKSHYA PLAN:

Minimum age at entry : 18 years Ibd

Maximum age at entry : 50 years nbd

Maximum maturity age : 65 years nbd

Policy Term : 13 to 25 years.

Premium Paying TermūüôĀ Policy Term -3)Yrs

Minimum S.A.   : Rs. 1,00,000/- & in multiples of Rs. 10,000 thereafter.

Maximum S.A.  : No limit

SUM ASSURED ON DEATH: Income Benefit (10% of basic SA Payable from Policy anniversary after death till Policy anniversary before maturity) + 110% of Basic SA Payable on Maturity.

DEATH BENEFIT: SA on Death + Bonus for full term + FAB, if any, Payable on Maturity.

MATURITY BENEFIT: Basic Sum Assured + Vested Bonus + FAB if any.

Available Riders: ADDB/AB Rider, Term Rider & Critical Illness Rider.

Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH) Rebates:

Mode Rebate: Yearlv : 2%, Half Yly :1%

High Basic S.A. Rebate:

  • Upto 1,90,000: Nil
  • 200000 to 4,90,000 :¬†2 % of Basic SA
  • 500000/-& above :3% of 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 or 340

Tax Benefits :

  • On Basic Premium : u/s 80C
  • Maturity/Death claim :u/sl0(10D)

Underwriting Rules: Without Term or Cl Rider:

Actual Sum Assured (ASA) for SUC:

For FMR, Special Reports, MHR & TRSA: Basic S.A. only.

Non -Medical Schemes: All Allowed.

Age Proofs: All Allowed.

Female Lives : All Allowed.

Pregnant ladies: Cat A1 only up to 24 weeks of pregnancy.

Major Students:

  • Max rated up S.A. inclusive of all plans Rs. 2 crore.
  • S.A. beyond Rs. 2 crore at ZUS/CUS with MM’s recommendation. Standard Age Proof is Must

Sub-Standard Major lives:

  • Up to EMR Class Ten only.
  • Physically Handicapped lives should be gainfully employed.

With Term or Cl Rider: Underwriting Rules of Term or Cl Rider will apply.

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