Jeevan Lakshya

Policy Details

Policy Type: Investment Plan

Policy Information:

Policy Highlights:

• Minimum Basic Sum Assured: 1,00,000/-

• Maximum Basic Sum Assured: No Limit

• Minimum Policy Term: 13 years

• Maximum Policy Term: 25 years

• Minimum Entry Age: 18 years (completed)

• Maximum Entry Age: 50 years (nearer birthday)

• Maximum Age at Maturity for Life Assured: 65 years

• Mode of Premium Payment: Yearly, Half-yearly, Quarterly & Monthly

• Accidental Death & Disability Benefit Rider is available on payment of additional premium.

Policy Benefits:

• On Death during the policy term: “Sum Assured on Death + Bonuses & Final Additional Bonus”

• Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity)

• Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity). Along with Bonuses & Final Additional Bonus, if any, on maturity. (on due date of maturity)

• On Survival: On survival Basic Sum Assured + Vested Bonus + FAB if any.

• Surrendered Value: The Policy can be surrendered at any time during the policy term provided at least 2 full years premiums have been paid.

Loan on Policy:

• Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefits:

• Premium paid under this plan is eligible for TAX rebate under section 80c.

• Maturity under this plan is free under sec 10(10D)