single premium endowment plan table no. 817. basic conditions minimum age at entry90 days (complete)...

SINGLE PREMIUM SINGLE PREMIUM ENDOWMENT PLANENDOWMENT PLAN

TABLE NO. 817TABLE NO. 817

BASIC CONDITIONS BASIC CONDITIONS Minimum Age at Entry 90 Days (Complete)Maximum Age at Entry 65 Years Minimum Term 10 YearsMaximum Term 25 YearsMinimum Sum Assured 50,000Maximum Sum Assured No Limit (in multiples of 5000) Minimum Age at Maturity 18 Years CompleteMaximum Age at Maturity 75 Years

BENEFITBENEFIT• MATURITY BENEFITMATURITY BENEFIT

Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final

Additional Bonus, if Any

BENEFITBENEFIT• DEATH BENEFITDEATH BENEFIT

After Commencement of Risk : Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any

Before Commencement of Risk : Return of Single Premium excluding extra Premium and Taxes if any without any Interest

DATE OF COMMENCEMENT OF RISKDATE OF COMMENCEMENT OF RISK• In Case of Life Assured is less then 8 years of AgeIn Case of Life Assured is less then 8 years of Age

Either from two years from date from Date of Commencement of Policy or from the

policy anniversary

• In Case of Life Assured’s Age is of 8 Years or more then 8 years of AgeIn Case of Life Assured’s Age is of 8 Years or more then 8 years of Age

Risk will Commence immediately

WHICHEVER IS EARLIERWHICHEVER IS EARLIER

REBATEREBATE

SUM ASSURED REBATE50,000 to 95,000 Nil1,00,000 to 1,95,000 18‰2,00,000 to 2,95,000 25‰3,00,000 & Above 30‰

LOAN OPTIONLOAN OPTION• Available after Completion of 1 Policy Year• Amount of loan will depend on year of Policy and Policy Term• The maximum loan shall be granted as a percentage of Surrender Value(SV)• % of Surrender Value as Mentioned Below

Policy YearTerm

2nd Year

3rd Year

6th Year

9th Year

12th Year

13th &

Above

Up to 15 Years 55% 60% 80% 90% 90% 90%

16 to 20 years 40% 45% 60% 80% 90% 90%

21 Year and Above 30% 30% 45% 60% 80% 90%

SURRENDER OPTIONSURRENDER OPTION

• The policy can be surrendered at any time during the policy term

• Higher of Guaranteed Surrender Value or Special Value shall be payable

GSV FACTORS GSV FACTORS • 1st Year 70% & Thereafter 90% of Single Premium excluding taxes and extra premium, if any

• Plus Surrender Value of vested bonuses

• Special Surrender Value (SSV): Special Surrender Value (SSV): Shall be Payable on the date of Surrender Provided the same is Higher than GSV

OTHER OTHER • SERVICE TAXSERVICE TAX

Taxes, if any, shall be applicable at the prevailing rates and borne by the POLICYHOLDER as per rules

SPECIAL HIGHLIGHTSSPECIAL HIGHLIGHTSSSingle Premium - One time investment

PProtection - Cover of full Sum Assured

EExcellent for meeting educational needs

CChildren from the age of 90 days can be Covered

IIdeal for investment planning

AAttractive Profits

LLiquidity through Loan

THANK YOUTHANK YOU