| Plan 149 - Jeevan Anand - With Profits |
| Insurance Type |
Combination of endownment and whole life plan |
| Min/Max age |
18/65 years |
| Min/Max term |
5-57 years |
| Maximum maturity age |
75 years |
| Minimum sum assured |
Rs 100,000 |
| Payment Mode |
All |
| Rebate for mode |
Yearly 3% | Half-yearly 1.5% |
| Policy loan |
Yes |
| Housing loan |
Yes |
| DAB |
Incl. in premium. Maximum Rs 5 lakhs (exclusive) |
| Tax Benefits |
Under Section 88 and Section 10 (10d) |
Features
- Basically the plan is a combination of the hole life plan and endownment plan
- On survival of the term, Basic Sum Assured + Reversionary Bonus + Final Additional Bonus is payable, but the risk cover on the life continues till death.
- Premiums are payable during the Endownment Term or until death hichever is earlier.
- Death Benefit: Sum Assured along with vested bonuses are payable on death during the term and policy ceases. An amount equal to sum assured is payable if death occures after the premium paying term (no bonus is payable)
- Double Accident Benefit is available during the premium paying term and thereafter upto age 70
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