SARAL JEEVAN BIMA plan number 859 This is a Non-Linked, Without Profits, Pure Risk Cover Plan.

 

Waiting Period : 45 Days from date of acceptance of proposal.

 

Premium Payment Mode:

• Premiums can be paid either under Regular Premium, Limited Premium or Single Premium payment options under this plan.

• In case of Regular and Limited Premium payment, the premium can be paid regularly during the Premium Paying Term with modes of premium payment yearly , half-yearly,and monthly (only ECS/NACH).

 

Term : 5 to 40 Years

 

Minimum Entry Age : 18 Years (Last Birthday)

 

Maximum Entry Age : 65 Years (Last Birthday)

 

Minimum Sum Assured : Rs. 5,00,000

 

Maximum Sum Assured : Rs. 25,00,000

 

Premium Paying Term :

 

Policy Benefits :

On Death

During Waiting Period:

• Natural Death : Refund of 100% of all premiums paid without Taxes.

• Accidental Death : Sum Assured on Death

 

 After Waiting Period:

• Natural / Accidental Death : Sum Assured on Death

• Sum Assured on Death : 100% of Basic SA

 

 MATURITY BENEFIT: Nothing is Payable.

 

On Survival : On survival to the end of the policy term,no benefits shall be payable.

 

Surrendered Value : No surrender value will be available under this plan.

 

Loan : No loan will be granted under this plan.

 

Income Tax Benefit :

Premium paid under this plan is eligible for TAX rebate under section 80c.

 

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

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For more information Contact Us.