Life Insurance Products

Jeevan Amrit Endowment and whole life
जीवन अमृत सवधिक एवं आजीवन बीमा याेजना

Product Description
This plan is a combination of Endowment Assurance and Whole Life with profit plan. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the maturity of the policy to the assured in case of his survival.

Terms and Conditions

• Minimum Entry Age: 16 Years

• Maximum Entry Age: 65 Years

• Maximum Maturity Age: 70 Years

• Minimum Maturity Period: 5 Years

• Maximum Maturity period: 25 Years

• Minimum Sum Assured: Rs. 50,000/-

• Maximum Sum Assured: Rs.
  1,00,00,000/- (According to Income Source)

• Premium Payment Frequency: Annually, Half Yearly, Quarterly and Monthly

• Age computation: Age next birthday

Policy Benefits:
a. Survival benefits:

• Sum Assured plus bonus earned shall be paid on maturity

b. Death benefits:

• Sum Assured plus bonus earned shall be paid to the nominee

• After maturity, Sum Assured shall be provided to the nominee on the death of assured

Rider Benefits:

• Accidental Death Benefit (ADB) up to Rs. 50,00,000.00 in additional Rs. 1.00 per thousand.

• Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand.

Other benefits:

• Paid up and surrender claim shall be provided

• Loan Facility provided.

• Tax exemption as per ITA,2058

Policy inquiry