Jeevan Labh(936)
- Plan : Jeevan Lakshya(933)
- Product Summary : Jeevan Labh Plan (936) is a limited premium paying, non-linked, with-profits Endowment Assurance plan.
- Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
- Term : 16 Year, 21 Year, 25 Year
- PPT :
For Term 16 Year Ppt 10 year
For Term 21 Year Ppt 15 Year
For Term 25 Year ppt 16 year - Minimum Entry Age : 8 Year Completed
- Maximum Entry Age : 59 Year (Nearest Birthday)
- Maximum Maturity Age : 75 Year
- Minimum Sum Assured : 2,00,000
- Maximum Sum Assured : NO LIMIT (Depending upon Income)
- Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum-Assured + Reversionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.
Loan :
Loan Facility is available under this plan, after payment of premiums for at least 2 full years.
Income Tax Benefit :
- Premium paid under this plan is eligible for TAX rebate under section 80c.
- Maturity under this plan is free under sec 10(10D).