Jeewan Shree Sabadhik Amrit Plan
This is an endowment life policy and it offers a combination of income and protection to the family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policy holder during the policy term.
Eligibility Conditions and Other Restrictions
Minimum Basic Sum Assured: Rs. 50,000
Maximum Basic Sum Assureds: As per Source of Income
Premium Paying Term: 15, 20, 25 and 30 years
Policy Term: 80 – Age At Entry Years
Minimum Age at Entry: 18 years
Maximum Age at Entry: 55 years (Nearest Birthday)
Maximum Age at the end of premium paying term: 70 years
Age at Maturity: 80 years
 
Benefits payable under an inforce policy:
Death Benefit:
On death of the Life Assured during the policy term, provided all due premiums have been paid then
On death before the commencement of Risk:
Return of Premium/s paid without interest shall be payable.
On Death after the commencement of Risk:
Death Benefit, defined as sum of "Sum Assured on Death" and Bonuses  shall be payable.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.
Survival Benefit:
On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefits equal to 9% of basic sum assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
Maturity Benefit:
On the life assured surviving to the end of the policy term, provided all due premiums have been paid "Sum Assured on Maturity" along with vested bonuses for premium paying term shall be payable.
Optional Benefit:
The policyholder has an option of availing all approved Rider Benefit
  • Accidental Death Benefit
  • Waiver of premium
  • Total Permanent disablement benefit
  • Critical Illness.
Payment of Premiums:
Premiums can be paid regularly at yearly, half-yearly and quarterly interval
 
High Basic Sum Assured Benefits:
Basic Sum Assured (BSA) Rebate of tabular premium
200,000 to 499,999 Nil  
500,000 to 999,999 1.25%  
10,00,000 to 24,99,999 1.75%  
25,00,000 and above 2%  
 
Paid-Up:
Policy shall have a paid up value where two years premium is paid as per Beema Samiti Rules.
 

PREMIUM CALCULATOR
P