| Plan 153 - Jeevan Rekha (with Profits) |
| Insurance Type |
Combination of whole life and money back |
| Min/Max age |
18/65 years |
| Premium Paying term |
Single premium 5, 10, 15, 20, 25 and premiums payable for life |
| Minimum sum assured |
Rs 200,000 + multiple of Rs 10,000 |
| Payment Mode |
Yearly, Half-yearly, Quarterly, Monthly, SSS and Single Premium |
| Rebate for mode |
Yearly 3% | Half-yearly 1.5% |
| Policy loan |
No |
| DAB |
Yes, Maximum Limit Rs 10 lakhs (inclusive). From age LBD 18 years only. |
| Tax Benefits |
Under Section 88 and Section 10 (10d) |
Features
- Survivak Benefit: 10% of the basic sum assured will be payable to the lofe assured on survival after every 5 years from the date of commencement as long as life assured is alive and policy is kept in force.
- Death Benefit: Sum Assured alongwith vested bonuses are payable on death of life assured whenever it occurs, irrespective of survival benefits paid already, hence there is no maturity under this plan.
- Bonus: Simple Revisionary Bous accrues during the lifetime of the life assured and is payable on his/her death alongwith final additonal bonus, if any.
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