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Jivan Sanjivani

Jivan Sanjivani Life Insurance Policy

(Money Back cumWhole Life Assurance Plan)

Salient Features:

  • This Policy will acquire paid-up value or surrender value
  • This policy will be eligible for loan
  • This policy will have maturity value
  • This policy will participate in profits
  • Burden of frequently premium payment at several period of time can be minimized.
  • Minimum age at entry : 11years
  • Maximum age at entry : 65 years
  • Maximum Policy Maturity Age: 70 years
  • Policy Term: 5,10,15,20 or 25 years
  • Minimum Sum Assured: Rs. 50,000
  • Maximum Sum Assured: According to the financial condition of the life to be assured.
  • Premium Paying Mode: Single,Yearly,Half-Yearly,Quarterly and Monthly

Extras/Rebates of Sum Assured Amount:

  • SA Rs. 200,000 to Rs. 299,999: Rs. 1 in Basic Premium
  • SA Rs. 300,000 onwards: Rs. 2 in Basic Premium

Rebates on Mode of Payment

  • Yearly : Less 2%
  • Half Yearly: Less 1%
  • Quarterly and SSS : Nil
  • Monthly : Add  5%

Survival Benefits(On Survival up to end of Premium Paying Term) :

Money Back Term

Benefit as percentage of Sum Assured on Survival to(Years from Date of Commencement)

5 Years

3 Years

5 Years

 

 

 

40%

60%+VB

 

 

 

10 Years

4 Years

8 Years

10 Years

 

 

30%

30%

40% +VB

 

 

15 Years

3 Years

6 Years

9 Years

12 Years

15 Years

20%

20%

20%

20%

20%+VB

20 Years

4 Years

8 Years

12 Years

16 Years

20Years

15%

15%

15%

15%

40% +VB

25 Years

5 Years

10 Years

15 Years

20 Years

25 Years

15%

15%

15%

15%

40% +VB

Death Benefits:

  • In case of death of the life assured any time after commencement of risk, full sum assured with the vested bonus will be paid.

Riders:

  • ADB,ADB+PTD,ADB+PTD+PWB with additional price

 

Incase of minor child(Age from 11 to 14 years) below mentioned additional benefits are offered against optional benefit :

a. Premium Waiver Benefit-PWB

In case of death or permanent and total disability due to accident of proposer, premium waiver benefit will be offered upto the child attaining age of 16 years or maturity of the policy, whichever is earlier.

 

b. Monthly Income Benefit-MIB

In case of death of proposer, 1 % of basic sum assured is payable  till the date of maturity of policy or child attaining age of 16 years,whichever is earlier.

Policy Issued Date: 19 August 2018