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Plan
153 - Jeevan Rekha (with Profits) |
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| Insurance Type |
Combination of whole life and money back |
| Min/Max age at entry |
13/65 years |
| Premium Paying term |
Single premium 5, 10, 15, 20, 25 and premiums payable
for life |
| Minimum sum assured |
Rs. 2,00,000 & further in multiples of Rs. 10,000 |
| Payment Mode |
Yearly, Half-yearly, Quarterly, Monthly, SSS and Single
Premium |
| Rebate for mode |
Yearly 3% | Half-yearly 1.5% |
| Policy loan |
No |
| DAB |
Yes, Maximum Limit Rs 10 lakhs (inclusive). * conditions
apply |
| Tax Benefits |
Under Section 88 and Section 10 (10D) |
Features
- Survival Benefit: 10% of the
basic sum assured will be payable to the life assured
on survival after every 5 years from the date of commencement
as long as life assured is alive and policy is kept
in force.
- Death Benefit: Sum Assured along
with vested bonuses are payable on death of life assured
whenever it occurs, irrespective of survival benefits
paid already. There is no maturity under this plan
as this plan aims at a provision of lump sum for heirs
while enjoying the benefits of payments at regular
intervals during life time.
- Bonus: Simple Reversionary Bonus
accrues during the lifetime of the life assured and
is payable along with final additional bonus, if any,
alongwith death claim payment.
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