New Endowment Plan (Table-914) |
|
Age | 8-55 Years |
Policy Term | 12-35 Years |
Maximum Age At Maturity | 75 Years |
Maturity Amount After Completion of Policy Term | Basic Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) during Policy Term + Final Additional Bonus (FAB) |
Death Claim Amount During Policy Term | Death Sum Assured + Accumulated Simple Reversionary Bonus (Bonus) till the time of Death + Final Additional Bonus (FAB) + Term Rider Sum Assured (if Opted). Additional Accidental Rider Sum Assured in case of Accidental Death (if opted) |
Death Sum Assured | Basic Sum Assured or 7 times of Annualised Premium, whichever is higher. |
Available Riders | Accidental and Disability Benefit Rider, Term Assurance Rider, Accidental Benefit Rider, Premium Waiver 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) |