Single Premium Endowment(917)
- Plan : Jeevan Anand(915)
- Product Summary : Single Premium Endowment Plan (917) is a single premium, non-linked, with profits Endowment Plan.
- Premium Payment Mode:
Single Premium
- Term : 10 to 25 years
- Minimum Entry Age :90days Completed
- Maximum Entry Age :65 Year (Nearest Birthday)
- Maximum Maturity Age : 75 Year
- Minimum Sum Assured :50,000
- Maximum Sum Assured : NO LIMIT (Depending upon Income)
Policy Benefits :
On Death :
On Death after commencement of risk:
Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk:
Return of Single Premium excluding taxes and Extra Premium.
On Survival :
On survival Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.
Loan :
Loan Facility is available under this plan, after completion of one policy year.
Income Tax Benefit :
u/s 80C up to 10% of SA.
Proposal Form :
300/340 shall be used under this plan.