Single Premium Endowment Plan (917) is a single premium, non-linked, with profits Endowment Plan.

 

Premium Payment Mode: Single Premium

 

Term : 10 to 25 Years

 

Minimum Entry Age : 90 Days Completed

 

Maximum Entry Age : 65 Year (Nearest Birthday)

 

Maximum Maturity Age : 75 Year

 

Minimum Sum Assured : Rs. 50,000

 

Maximum Sum Assured : NO LIMIT (Depending upon Income)

 

Policy Benefits :

On Death :

• On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any

• On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.

On Survival : On survival Sum Assured + Vested Bonus + FAB if any.

 

Surrendered Value : The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

 

Loan : Loan Facility is available under this plan, after completion of one policy year.

 

Income Tax Benefit :

• u/s 80C up to 10% of SA.

 

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

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For more information Contact Us.