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