Plan 149 - Jeevan Anand - With Profits
Insurance Type Blend of endowment and whole life plan
Min/Max age at entry 18/65 years
Min/Max term 5-57 years
Maximum maturity age 75 years
Minimum sum assured Rs 100,000
Payment Mode All
Rebate for mode Yearly 3% | Half-yearly 1.5%
Policy loan Yes
Housing loan Yes
DAB Included in premium. Maximum Rs. 5 lakh (exclusive)
Tax Benefits Under Section 88 and Section 10 (10D)
Features

  • Basically the plan is a combination of the whole life plan and endowment plan
  • On survival of the term, Basic sum assured + Reversionary bonus + Final Additional Bonus, if any, is payable, but the risk cover on the life continues even after maturity throughout the life.
  • Premiums are payable during the Endowment Term or until death whichever is earlier.
  • Death Benefit: Sum Assured along with vested bonuses are payable on death during the term and policy ceases. An amount equal to sum assured is payable if death occurs after the premium paying term.
  • Double Accident Benefit is available during the premium paying term and thereafter up to age 70
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