Jeevan Umang Plan is a non-linked, with-profits whole life assurance plan. This plan provides for annual survival benefits from the end of the premium paying term till maturity and lump sum payment at the time of maturity or on death of the policy holder during the policy term.
Get Guaranteed Survival Benefit equal to 8% of Basic Sum Assured Each Year after the Final Premium till Age 99 & Lump sum Maturity Benefit on survival to Age 100.
Maximum Accidental Death and Disability Benefit Rider up to age 70. Maximum Accidental Benefit Rider shall be available during the ppt only.
- PPT : 15 year, 20 year, 25 year, 30 year
- Minimum Entry Age : [90]days (completed).
- Maximum Entry Age : 55 years.
- Minimum Sum Assured : 2,00,000.00.
- Maximum Sum Assured : NO LIMIT
Policy Benefits : On Survival : On survival 8% of Basic Sum Assured shall be payable each year.
On Death : On death before the Commencement of Risk: An amount equal to the total amount of premium/s paid without interest shall be payable.
On Death after Commencement of Risk: Sum Assured on Death + vested
simple reversionary Bonus + FAB if any. Where Sum Assured on Death is defined as the highest of Basic Sum-Assured, OR 7 times of Annualized Premium, OR 105%of all Premiums paid as on death.
Loan: Can be availed under the policy provided the policy has acquired a surrender value and subject to the terms and conditions as the company may specify from time to time.
Income Tax Benefit :
• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D).
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