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.