Jeevan Amrit (Endowment Cum Whole Life) Plan

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.
Policy Requirements

  • 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:
Survival benefits:
  • Sum Assured plus bonus earned shall be paid on maturity
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