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.

 

For more information Contact Us.