New Jeevan Lakshya Plan (Table-933) |
|
| Age | 18-50 Years |
| Policy Term | 12-25 Years |
| Premium Paying Term | (Policy Term -3) Years |
| Maximum Age At Maturity | 65 Years |
| Maturity Amount After Completion of Policy Term | Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during Policy Term + Final Additional Bonus (FAB) |
| Death Sum Assured | 110% of Basic Sum Assured or 7 times of Annualised Premium, whichever is higher. |
| Death Claim Amount During Policy Term | 10% of Basic Sum Assured each year from the year of death to one year prior to completion of policy term and on completion of policy term, Death Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) + Final Additional Bonus (FAB) |
| Term Rider and Accidental & Disability Rider Benefits | In case of Death, Term Rider Sum Assured just after the death(if Opted). Additional Accidental Rider Sum Assured in case of Accidental Death (if opted) |
| Available Riders | Accidental and Disability Benefit Rider, Term Assurance Rider, Accidental Benefit Rider |
| Surrender and Loan | Available if, all premiums of First 2 Years are paid. |
| Tax Benefit | Premium is exempted (80c) and Maturity/Death Claim is Tax Free (10(10D) |
| Additional Information | This plan is very much suitable for planning children's education and marriage and that is why it is called Kanyadaan Policy by some advisors in the market. Term rider makes this plan more complete because it gives a lumpsum amount to nominee immediately in case of death of the policyholder. |