JEEVAN JAYOTI BEEMA (Limited Payment)

This is limited premium payment endowment plan designed with an aim to facilitate policy holders with the single premium payment or limited premium payment option. In case of child aged 1 10 10 taking this plan can make regular payment only however adults can make regular payment. ADB/PTD/PWB and CI facilities are available. Policy term for this plan is 5 to 30 years though the premium paying term is flexible whereby the payment can be made either single or in installment of 5 to 25 years.

Features :

Entry Age : 11 Years
Maximum Age : 60 Years
Minimum Term : 10 Years
Maximum Term : 30 years
Minimum Sum Assured : 50,000/-
Maximum Sum Assured : As Per Income Source.
Medical Requirement : As per Company Rule.
ADB/PWB/PTD Benefit : Available for Age at entry 16 years and above up to Max. 100,00,000/-.
Loan Facility :  Upto 90% of the surrender value after payment of 2nd yearly premium.

Rebate

1. Discount on mode of payment:

Mode of Payment Discount
Yearly                   2%
Half Yearly         
Quarterly   

2. Discount on Sum Assured:

Sum Assured Discount (Per thousand)
Up to Rs.2,00,000/- Nill
Rs.2,01,000/- to Rs.3,00,000/- Rs.1/-
Rs.3,01,000/- & above Rs.2/-

 

Premium Paid Term
Terms Of Policy in Years:  10 Yrs.  15 Yrs.  20 Yrs.  25 Yrs.  30 Yrs.
Premium Paying Term in Years  5 times  5 & 10  5/10 & 15  5/10/15 & 20  5/10/15/20 & 25

Jeevan Jayoti Plan (Limit Payment) Term 20/5 Year >>>

For Example : 

A person aged 30 years going in for insurance under this plan for 20/5 years five time payment  for Sum Assured 15,00,000/-  Lacs will have to pay Annual Premium of Rs. 2,36,193/- and Total Premium Rs. 11,80,965/-. After Maturity of the Policy he/she will get Sum Assured Rs.15,00,000/- plus Bonus 19,50,000/- (@65/1000 of SA) Total 34,50,000/- at the end of the term. In case of earlier death his/her nominee will get Sum Assured Rs. 15 Lacs plus Bonus there on subject to all premiums having been paid.

 First Policy Issue Date : 2012-03-06