Endowment Policies - नव रत्न

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 Ratna(Limited Payment Endowment) Life Insurance Policy
2. Participating/Non participating in Profit : This policy will participate in profit
3. Minimum Entry Age : 11 Years(Single premium paying Life Insurance Policy will not be issued for teenagers below 16 years)
4. Maximum Entry Age : 65 Years
5. Maximum Age of Maturity : 70 Years
6. Policy Term : 5,10,15,20,25 or 30 Years
7. Minimum Sum Assured : Rs.50,000/-
8. Maxmimum Sum Assured : Based on the earning/financial condition of proposer

9. Premium Paying Term :

   Insurance Term	Premium Paying Term
   10 Years	1 or 5 Years
   15 Years	1,5, or 10 Years
   20 Years	1, 5, 10, or 15 Years
   25 Years	1, 5, 10, 15 or 20 Years
   30 Years	1, 5, 10 ,15, 20 or 25 Years

10. Premium paying mode: Yearly, Half Yearly, Quarterly, Salary Saving Scheme(SSS) /Monthly

11. Rebate on the basis of Sum Assured:
     

    Rebate on Large Sum Assured

    Sum Assured	Rebate
    From Rs. 1,00,000/- to Rs. 1,99,000/-	Re. 1 per thousand
    Rs. 200,000 and above	Rs. 2 per thousand

12. Rebate on the basis of premium payment method:

    Mode	Rebate
    Yearly Payment	2 per cent
    Half Yearly Payment	1 per cent
    Quarterly or Salary Saving Scheme(SSS)	No discount
    Monthly Premium Payment	5 Per cent Additional

13. Terms and Conditions of Payment :

    Either survival of the life insured till the of maturity period or death of life insured before the maturity period, Sum assured and bonus will be paid.

14. The below mentioned Optional Rider is available with this policy:

    a) Accidental Death Benefit(ADB)
    b) Accidental Death Benefit(ADB)+Permanent Total Disable(PTD)
    c) Accidental Death Benefit(ADB)+Permanent Total Disable(PTD) and Premium Waiver Benefit(PWB)

First Policy Issued Date: 29th April 2018
* Terms and Conditions will be applicable.