This is a limited premium, non-linked, with profits Whole Life Plan. This plan provides for annual Survival Benefits from end of PPT till Maturity (Age of 100 years) or earlier death.
Features & Conditions of JEEVAN UMANG PLAN:
Min. age at entry : 90 days Completed
PPT & Max. age at entry :
Age at Maturity : 100 years NBD
Policy Term : 100 minus Age at Entry
Min. Age at end of PPT :30 years NBD
Max. Age at end of PPT :70 years NBD
Minimum S.A. : 2,00,000/- & in multiples of 25,000 thereafter .
Maximum S.A. : No limit
- ADDB Rider ( Upto Age 70) OR Accident Benefit Rider Upto PPT
- Term Rider Upto 35 Yrs term OR Age 75 whichever is earlier
- Critical Illness Rider Upto 35 Y rs term OR Age 75 whichever is earlier
- PWB Rider – Up to Age 25 of Child
DATE OF COMMENCEMENT OF RISK:
For age at entry less tha n 8 yea rs LBD : One day before completion of 2 years from DOC or one day before Policy Anniversa ry after completion of age of 8 yea rs LBD, whichever is earlier.
For age at entry 8 years LBD or more: Risk will commence immediately.
Before Commencement of Risk: Refund of Premiums paid Excluding GST & Extra
After Commencement of risk :Sum Assured on Death + Vested Bonus + FAB if any.
Death Benefit in Installments for 5/10/15 years: Option can be exercised by life assured for full or part death benefits.
SURVIVAL BENEFIT: 8% of Basic SA – From end of PPT till Maturity or earlier death.
MATURITY BENEFIT: Basic SA + Vested Bonus (During & After PPT) + FAB if any.
Mode of Payment: Yearly, Half Yly, Qly & Mly (SSS & NACH)
Mode Rebate: Yearly : 2%, Half Yly : 1%
High Basic S.A. Rebate
- Upto 4.75 lacs : Nil
- 5 lacs to 9.75 lacs : 1.25 % 0f Basic SA
- 10 lacs to 24.75 lacs : 1.75 % 0f Basic SA
- 25 lacs & Above : 2.00 % 0f Basic SA
Grace Period: 15 days for mly mode and 30 days for other modes.
Claim Concessions: Available under Base Plan only. Not apply to Riders and Suicides.
Paid Up/ Surrender/Policy Loan: After payment of premium of 2 full yea rs. Revivals: Within 5 years of FUP.
Back Dating: Allowed with lean Month’s benefits. Proposal Form: 300,340 or 360
- On Premium : u/s 80C
- SB/Maturity/Death claim: u/s 10(10D)