10/08/2021
PLAN FEATURES
Jeevan Labh (936)
Product Summary: Jeevan Labh is a regular premium, non - linked, with profit Endowment Assurance plan. Provides high returns at a lower premium compared to sum assured opted.
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 16 Year, 21 Year, 25 Year.
Minimum Age at Entry: 8 Years (completed)
Maximum Age at Entry: 59 year (Nearest birth day)
Maximum Maturity Age: 75 Years
Minimum Sum Assured: 2, 00, 000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available ADDB/AB, Critical Illness Rider, Term Rider.
Accidental Death and Disability Benefit (ADDB): Available up to age 70.
On Death: Sum Assured + Vested Bonus + Final Addition Bonus(FAB) if any, OR 7 times of Annualized Premium, OR 105% of all premiums paid as on death, WHICH EVER IS HIGHER.
On Survival: Basic Sum Assured + Vested Bonus + Final Additional Bonus(FAB)
Surrender Value: Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan: Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form Form No 300 for major lives and Form No 360 for minor lives.
