Jeevan Shanti (858)
- Plan : Jeevan Shanti (858)
- Product Summary : This Plan is a non-linked, non-participating, single premium annuity plan. This plan shall be allowed to lives including third gender.
- Premium Payment Mode: Single Premium
- Annuity Mode: Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.
- Minimum Entry Age : 30 Year Completed
- Maximum Entry Age : 79 years (last birthday) Deferred Annuity
- Minimum Sum Assured : Rs.1,50,000/-
- Maximum Sum Assured : NO LIMIT
- Annuity Option : DEFERRED ANNUITY
- DEFERMENT PERIOD : 1 year to 12 years
- CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]
Policy Benefits :
Surrendered Value :
The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life
Loan :
Loan facility shall be available after three months from the completion of policy or after expiry of the free-look period,Whichever is later. Policy loan shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life