|
Jeevan Pramukh ( With Profit & Guaranteed Addition )
Jeevan Pramukh
Table No. 167
( With Profit & Guaranteed Addition )
Successful people like professional, industrialist,
consultants, contractors, business partners, estate owners, self employed
individuals , NRIs, models, film stars etc. need insurance protection matching
with their profiles. Jeevan Pramukh is the policy to cater the needs of
such upper segments of society.
This policy also perfectly suits the needs of employers to
effect insurance on the lives of senior managers and key men whose sudden exit
could affect the profitability of the organization. It is basically an
Endowment Assurance Plan, where you have the choice of policy terms with
premium limited to a shorter term.
This New plan provides for payment of Guaranteed Additions
for first 5 years @ Rs 50/- per thousand p.a. of the policy and participation
in the profit thereafter.
Benefits
Provided the policy is in
full force :
Ø Maturity Benefits :
ü
Sum Assured + Guaranteed Addition @ Rs 50/- per thousand
p.a. (for first 5 years) + Bonus (From 6th year onwards).
Ø Death Benefits :
ü During first 5
policy years:
§
Sum Assured + Vested Guaranteed Addition @ Rs 50/- per
thousand p.a. for each completed year.
ü After first 5 policy
years:
§
Sum Assured + Vested Guaranteed Addition @ Rs 50/- per
thousand p.a. for first 5 years + Bonuses declared after the 5th policy year.
Ø Mode Benefit :
ü
The following table shows the rebate available on the mode
of premium payment.
Mode
|
Rebate
|
Yearly
|
2% of tabular premium
|
Half - Yearly
|
1% of tabular premium
|
Quarterly
|
Nil
|
Ø Sum Assured Benefit:
The following table shows the rebate available on the sum
assured.
Sum Assured
|
Rebate
|
Above 50,00,000
|
Re. 0.5 Per Thousand (Regular Premium)
|
Features
Ø Wide options to select
premium paying terms as follows:
Term
|
Premium Paying Term
|
5
|
3, 4, 5 Years
|
10
|
3, 4, 5 Years
|
15
|
3, 4, 5 Years
|
20
|
3, 4, 5 Years
|
25
|
3, 4, 5 Years
|
Ø Minimum sum assured
Rs.10,00,000 & thereafter in multiples of Rs. 1,00,000.
Ø No maximum limit (Depends
upon Income).
Ø Minimum age at entry - 18 years (completed).
Ø Maximum age at entry - 65
years.
Ø Maximum maturity age - 75
years.
Ø Modes allowed - Yearly, Half Yearly, Quarterly and Monthly.
Ø Policy Loan available
after 1 year.
