Sambridhha Jeevan Beema (Endowment Plan-Regular)
“Sambriddha Jeevan Beema” is an endowment policy. The plan consist saving component and protection of life. It help to create a fund for your older age and serves financial protection to your dependent.
It Offers:
- Security to fulfill financial obligation.
- Tax Benefit: 40,000.00 annual premium is deductible while computing your annual taxable income.
- Additional Coverage throughout policy term in terms of Riders: Accidental Death Benefit (ADB). Total Permanent Disability (TPD) Benefit due to accident and Premium Waiver Benefit (PWB)
- Sharing of Profit and vested bonus.
Key Features:
| Age at entry | |
| Minimum Age | 16 Years |
| Maximum Age | 65 Years |
| Sum Assured | |
| Minimum Sum Assured | Rs 25,000 |
| Maximum Sum Assured | No Limit |
| Policy Term | |
| Minimum Term | 5 years |
| Maximum Term | 54 years |
| Premium Discount on Mode of Premium Payment | |
| Yearly Mode | 2% |
| Half Yearly Mode | 1% |
| Quarterly Mode | Nil |
| Monthly Mode | Extra 5% charge |
| Sum Assured Discount | |
| Sum Assured 100,000.00 to 199,000.00 | Rs 1 per thousand |
| Sum Assured 200,000 and above | Rs 2 per thousand |
| Rider Sum Assured Limit | |
| Accidental Death Benefit (ADB) | Equal to Base Sum Assured maximum up to 1,00,00,000 |
| Total Permanent Disability (TPD)+Premium Waiver Benefit (PWB) | Equal to Base Sum Assured maximum up to 1,00,00,000 |
| Premium Waiver Benefit (PWB) | Equal to Base Sum Assured maximum up to 1,00,00,000 |
| Critical Illness (CI) | Equal to Base Sum Assured maximum up to 50,00,000 |