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Single Premium Endowment (917)

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.

For more information Contact Us.

Disclaimer  : www.meranivesh.com is an online website of Mera Nivesh. A company, registered in AMFI vide ARN - 32141 as a Mutual Fund distributor and LIC Agent wide 0049083Y/2371 since more than 25 years. The said website is just an electronic presentation of goal estimator with self-help by investors. This site should not be treated as a financial advisory website as we do not charge for any calculation or results produced here. The website and the organisation do not guarantees any returns or financial goal success by any means. We are a no liability third party distribution house

Salary Day is a Saving's Day.

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