Pension Plan

Pension 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
  • Minimum age at entry: 16 years
  • Maximum age at entry: 60 years
  • Minimum Policy Maturity Age 40 years
  • Minimum Term: 5 years
  • Maximum Term: 54 years
  • Maximum Policy Maturity Age: 70 Years
  • Minimum Sum Assured: Rs. 10000
  • Maximum Sum Assured: According to the financial condtion of the life to be assured.
  • Premium Paying Mode: Yearly, Half-yearly, Quarterly.

Extras/Rebates of Sum Assured Amount:
Rebates on Large Sum Assured

  • SA Rs. 101,000 and Above: Rs 1 in Basic Premium
  • SA Rs. 201,000 and Above: Rs 2 in Basic Premium

Add/Extras on Less Sum Assured

  • SA Rs. 10,000 to 14,999 : Rs 6 in Basic Premium
  • SA Rs. 15,000 to 19,999 : Rs 3 in Basic Premium
  • SA Rs. 20,000 to 24,999 : Rs 1 in Basic Premium

Rebates on Mode of Payment

  • Yearly : Less 2%
  • Half Yearly : Less 1%
  • Monthly : Add 5%

Death Benefits:

  • In case of Death of the Life Assured any time after commencement of risk, full sum Assured with the vested bonuses will be paid.

Time to Choose Annuity:

  • At the Time of Policy Maturity

Annuity Payment Mode and Commencement of Annuity:

  • Monthly : After 1 month of Policy Maturity Date
  • Quarterly : After 3 months of Policy Maturity Date
  • Half Yearly : After 6 months of Policy Maturity Date
  • Annual : After 1 year of Policy Maturity Date

Annuity Options:

  • Annuity payable for life.
  • Annuity payable certain for either 5, 10, 15 or 20 years and thereafter payable for
    life.
  • Annuity payable for life with return of purchase price on death.
  • Annuity payable for life increasing @ 3% simple per annum.
  • Joint Life annuity payable for life. (Second annuitant gets 100% of annuity on Death
    of First annuitant)

Riders :

  • ADB, ADB+PTD+PWB with additional price

First Policy Issued Date :

  • 2069/09/05

Family Income Benefit (Plan Code-24)

Salient Features of Family Income Benefit : This policy will not participate in profits Minimum age at entry: 18 years Maximum age at entry: 53 years ....

Asian Limited Payment Endowment Plan (Jeevan Ratna)

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....

Asian Endowment 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....

Asian Child Assurance Plus (Plan 26)

Salient Features of Asian Child Assurance Plus (Plan 26) : Minimum age at entry: 0 years Maximum age at entry: 17 years Minimum Term: 5 Years to Maturity age not....

Dhan Sambriddhi (Limited Payment Anticipated Endowment 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....

Joint Life(Dampati Surachha Plus)

Features of Joint Life Plus(Dampati Surakchha Plus) 1. Name of Life Insurance : Joint Life Plus(Joint Endowment) Life Insurance 2. Participating/Non participating in....

Nava Ratna

Major Features of Nava Ratna(Limited Payment Endowment) Life Insurance Policy Features of Joint Life Plus(Dampati Surakchha Plus) 1. Name of Life Insurance : Nava....