New Endowment (914)

  • Plan : New Endowment (914)
  • Product Summary : New Endowment Plan (914) is a regular premium, non-linked, with profits Endowment Plan.
  • Premium Payment Mode: Yearly, Halfly, Quarterly, Monthly(ECS)
  • Term : 12 to 35 years
  • Minimum Entry Age : 8 Year Completed
  • Maximum Entry Age : 55 Year (Nearest Birthday)
  • Maximum Maturity Age : 75 Year
  • Minimum Sum Assured : 1,00,000
  • Maximum Sum Assured : NO LIMIT (Depending upon Income)
  • Maximum Accidental Death and Disability Benefit Rider up to age 70.

Policy Benefits :

On Death :
Sum Assured + Vested Bonus + FAB if any.,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 + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least 2 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).

Proposal Form :
300/340/360 shall be used under this plan.