Plan Features
Dhan Varsha (866)
Product Summary
Non Linked, Non participating, Individual, Single Premium Life Insurance Plan. In other words, it is a single premium plan with guaranteed additions throughout the term of the plan.
Premium Payment Mode
Single Premium
Annuity Mode
-
Optional Benefits
-
Term
10 and 15 Years
Premium Paying Term
-
Minimum Age at Entry
3 years (completed) for Policy Term 15 Years, 8 Years (completed) for policy term 10 years
Maximum Age at Entry
OPTION 1 - 60 Years (NBD), OPTION 2 - 40 Years (NBD) for 10 Year Term and 35 Years (NBD) for 15 Year Term
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
-
Sum Assured
-
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
Option A and Option - B ->65 Years (NBD), OPTION C -> 80 Years (NBD), OPTION D - 55 Years(NBD).
Minimum Premium
-
Maximum Premium
Minimum Basic Sum Assured
Rs.1,25,000
Sum Assured on Death
OPTION 1 -> 1.25 times Tabular premium for chosen Basic Sum Assured; OPTION 2 -> 10 times Tabular premium for chosen Basic Sum Assured.
Minimum Sum Assured
-
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accidental Death and disability Benefit (AD&DB), Term Assurance Rider
Accidental Death and Disability benefit (ADDB)
Yes
Policy Benefits
On Death
Sum Assured on Death (Option 1 ->1.25 times TP; Option 2 ->10 times TP) + accrued Guaranteed Additions shall be paid
On Survival
Basic Sum Assured + accrued Guaranteed Additions paid on maturity
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Policy can be surrendered any time during the policy term.(Guaranteed Surrender Value - 75% of single premium in the first year and 90% there after)
Loan
Loan available after a minimum period of 3 months from the completion of the policy
Income Tax Benefit
Option 1 -> No Tax Benefit. Option-2 -> Premium paid will be eligible for Section 80C benefit.Maturity benefit will be exempted from Income tax u/s 10(10d).
Proposal Form
Form no 300 for major lives and form 360 for minors.
| Product Summary | Non Linked, Non participating, Individual, Single Premium Life Insurance Plan. In other words, it is a single premium plan with guaranteed additions throughout the term of the plan. |
|---|---|
| Premium Payment Mode | Single Premium |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 and 15 Years |
| Premium Paying Term | - |
| Minimum Age at Entry | 3 years (completed) for Policy Term 15 Years, 8 Years (completed) for policy term 10 years |
| Maximum Age at Entry | OPTION 1 - 60 Years (NBD), OPTION 2 - 40 Years (NBD) for 10 Year Term and 35 Years (NBD) for 15 Year Term |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | - |
| Sum Assured | - |
| Maturity Benefit | - |
| Death Benefit | - |
| Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - | Maximum Maturity Age | Option A and Option - B ->65 Years (NBD), OPTION C -> 80 Years (NBD), OPTION D - 55 Years(NBD). |
| Minimum Premium | - |
| Maximum Premium | |
| Minimum Basic Sum Assured | Rs.1,25,000 |
| Sum Assured on Death | OPTION 1 -> 1.25 times Tabular premium for chosen Basic Sum Assured; OPTION 2 -> 10 times Tabular premium for chosen Basic Sum Assured. |
| Minimum Sum Assured | - |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Accidental Death and disability Benefit (AD&DB), Term Assurance Rider |
| Accidental Death and Disability benefit (ADDB) | Yes |
| On Death | Sum Assured on Death (Option 1 ->1.25 times TP; Option 2 ->10 times TP) + accrued Guaranteed Additions shall be paid |
|---|---|
| On Survival | Basic Sum Assured + accrued Guaranteed Additions paid on maturity |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Policy can be surrendered any time during the policy term.(Guaranteed Surrender Value - 75% of single premium in the first year and 90% there after) |
| Loan | Loan available after a minimum period of 3 months from the completion of the policy |
| Income Tax Benefit | Option 1 -> No Tax Benefit. Option-2 -> Premium paid will be eligible for Section 80C benefit.Maturity benefit will be exempted from Income tax u/s 10(10d). |
| Proposal Form | Form no 300 for major lives and form 360 for minors. |
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