| Plan 151 - New Jeevan Shree (with Guaranteed Loyalty Additions) |
| Insurance Type |
Exclusive plan for exclusive people |
| Min/Max age |
18/60 years |
| Min/Max term |
5-25 years |
| Maximum maturity age |
70 years |
| Minimum sum assured |
Rs 500,000 + in multiples of Rs 100,000 |
| Payment Mode |
All |
| Rebate for mode |
Yearly 3% | Half-yearly 1.5% |
| Policy loan |
Yes |
| Housing loan |
Yes |
| Double Accident Benefit |
Yes, Maximum Limit Rs 10 lakhs (inclusive) |
| For term rider |
| Min/Max age |
18/50 years |
| Max age at maturity |
60 years |
| Min/Max sum assured |
Rs 100,000 / Maximum sum assured upto twice the sum assured under new Jeevan Shree plan subject to a maximum of Rs 25 lakhs overall limit taking all term rider sum assured and term assurance option under new Jeevan Shree plan under consideration. |
| Tax Benefits |
Under Section 88 and Section 10 (10d) |
Features
- Maturity: Sum Assured + Guaranteed Addition (@Rs 70 per 1,000 sum assured per annum + Loyalty Additions (depending upon the experience of the Corporation). * However no loyalty addition will be payable during first 4 policy years.
- Term Assurance Option (Rider): The choice of additional death cover by paying additional premium. An amount equal to the term assurance sum assured is payable on death during the policy term. Guaranteed or Loyalty additions will not apply to the Term Rider Sum Assured.
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