Jeevan Amrit (Endowment cum whole Life)
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.
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
Sum Assured plus bonus earned shall be paid on maturity
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
Accidental Death Benefit (ADB) up to Rs. 2,500,000.00 in additional Rs. 1.00 per thousand.
Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand.
Paid up and surrender claim shall be provided
Loan Facility provided.
Tax exemption as per ITA,2058