In
Jeevan Saral the money is received by insured at the end of an endowment period
Death benefit: in death benefit plan in this face amount of life insurance payable to its beneficiary on the death of the policy holder. In this 250 times the monthly premium together with loyalty additions, if any, and return of premiums excluding first year premiums and extra/rider premium.
Extra benefits: there are the supplementary or extra benefits which can be added for extra protection. In extra benefits it covers different schemes
1. Surrender value: The surrender value will be the greater of the guaranteed surrender value and special surrender and are available on earlier termination of the contract.
2. Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. It is equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for an accident benefit / term rider.
3. Special Surrender Values: 80% of Maturity Sum Assured if 3 or more years’ but less than 4 four years’ premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years’ but less than five years’ premiums have been paid and 100% of the Maturity Sum Assured, if five or more years’ premiums have been paid.
4. Paid up Value: The policy will acquire paid-up value if at least 3 years premium have been paid.
5. Partial surrender of the policy: if a policy loan is outstanding, partial surrender is not allowed. There should be a gap of minimum of one year between two successive partial surrenders.
In these the insured has simply to choose the amount and mode of premium payment. The premiums are paid yearly, half yearly, quarterly or through monthly basis.
Some key points of this plan:
The minimum age for this plan is 12 years and maximum is sixty years. The maximum term of this plan is 35 years and minimum term is 10 years. The minimum term of this policy is 10 years and maximum is 35 years.
The maximum premium one can pay is 10,000 p.m. The Accident Benefit & Disability is allowed.
Premium in multiples of Rs. 50/- p.m. thereafter
Standard age proof is required.
For Age 12 to 49 years: Minimum Premium is Rs.250/- p.m.
For Age 50 to 60 years: Minimum Premium is Rs.400/- p.m.
Visit website for more information about Jeevan Saral
Jeevan Saral the money is received by insured at the end of an endowment period
Death benefit: in death benefit plan in this face amount of life insurance payable to its beneficiary on the death of the policy holder. In this 250 times the monthly premium together with loyalty additions, if any, and return of premiums excluding first year premiums and extra/rider premium.
Extra benefits: there are the supplementary or extra benefits which can be added for extra protection. In extra benefits it covers different schemes
1. Surrender value: The surrender value will be the greater of the guaranteed surrender value and special surrender and are available on earlier termination of the contract.
2. Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. It is equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for an accident benefit / term rider.
3. Special Surrender Values: 80% of Maturity Sum Assured if 3 or more years’ but less than 4 four years’ premiums have been paid; 90% of the Maturity Sum Assured, if 4 or more years’ but less than five years’ premiums have been paid and 100% of the Maturity Sum Assured, if five or more years’ premiums have been paid.
4. Paid up Value: The policy will acquire paid-up value if at least 3 years premium have been paid.
5. Partial surrender of the policy: if a policy loan is outstanding, partial surrender is not allowed. There should be a gap of minimum of one year between two successive partial surrenders.
In these the insured has simply to choose the amount and mode of premium payment. The premiums are paid yearly, half yearly, quarterly or through monthly basis.
Some key points of this plan:
The minimum age for this plan is 12 years and maximum is sixty years. The maximum term of this plan is 35 years and minimum term is 10 years. The minimum term of this policy is 10 years and maximum is 35 years.
The maximum premium one can pay is 10,000 p.m. The Accident Benefit & Disability is allowed.
Premium in multiples of Rs. 50/- p.m. thereafter
Standard age proof is required.
For Age 12 to 49 years: Minimum Premium is Rs.250/- p.m.
For Age 50 to 60 years: Minimum Premium is Rs.400/- p.m.
Visit website for more information about Jeevan Saral
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