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Jeevan Rakshak. Plan No.827. Jeevan Rakshak Plan No.827. This is a regular premium,non-linked,with profit Endowment Assurance Plan, This Plan shall be allowed to standard lives only under Non-Medical limits. Jeevan Rakshak Plan No.827. - PowerPoint PPT Presentation

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  • Jeevan RakshakPlan No.827

  • Jeevan RakshakPlan No.827

  • This is a regular premium,non-linked,with profit Endowment Assurance Plan, This Plan shall be allowed to standard lives only under Non-Medical limits. Jeevan RakshakPlan No.827

  • DEATH BENEFITS:-

    First 5 years of Policy :- Sum Assured on Death.6th year onwards :- Sum Assured on Death + Loyalty Additions if any.Sum Assured on Death = Higher of Basic SA or times of annualized Premium or 105 % of total premiums paid as on date of death.The premium excludes extra premium and rider premiums. Jeevan RakshakPlan No.827

  • MATURITY BENEFITS:Basic Sum Assured + Loyalty Additions if any Jeevan RakshakPlan No.827

  • ACCIDENT BENEFIT RIDER:Accident benefit rider available premium Rs. 0.50 per thousand S.A. for all except for Police personal premium Rs. 1.00 per thousand S.A. Jeevan RakshakPlan No.827

  • Jeevan RakshakPlan No.827

  • Jeevan RakshakPlan No.827

  • GRACE PERIOD FOR PAYMENT OF PREMIUM:

    A grace period of one calender month but not less than 30 days for mode Yly,Hly or Qly and 15 days for monthly mode of premium payment Jeevan RakshakPlan No.827

  • Total first year commission :- 15 % + 6% = 21 %18.75 % + 7.5% = 26.25 % Jeevan RakshakPlan No.827

  • LOAN & SURRENDERLOAN:Available after payment of 3 annual premiums. 70% loan in inforce policies, and 60 % in paid up policies.

    SURRENDER:Policies can be surrendered anytime during the policy term provided at least 3 full years premiums are paid.(No loyalty addition will be paid)

  • Jeevan RakshakPlan No.827

  • Jeevan RakshakPlan No.827

  • Service Tax:>1st year of policy :- 3.09 %2nd year onwards :- 1.545 % Jeevan RakshakPlan No.827

  • BACK-DATING INTEREST:

    Allowed with lean months benefits Jeevan RakshakPlan No.827

  • Underwriting Rules:Non Medical Scheme:- Standalone S.A. over and above other Scheme.

    Note :This is a standalone Plan,not to be clubbed with any other Plan for SUC/Max. Insurance allowed under any category of lives.

    Age NBDStd & NSAP-1NSAP-2NSAP-318-352.00 lacs2.00 lacs2.00 lacs36-452.00 lacs2 .00 lacs1.50 lacs46-552.00 lacs1.25 lacs1.25 lacs

  • Underwriting Rules:Non-Standard Age Proofs: All allowed. Extra is to be charged under NSAP-II & NSAP-IIIFemale lives: All allowed. * Pregnant ladies not allowed. * Housewives : allowed without matching Insurance of Husband. * Single women / literate widows with or without minor/major children with income allowed upto max. age at entry 55 years.Minor /Major students : Allowed to school going and standard lives only. School age proof must.Separate proposal forms for minor and major lives.

  • Tax Benefits:

    On Basic Premium : u/s 80CMaturity /Death Benefit : u/s 10(10D) Jeevan RakshakPlan No.827