Limited Premium Endowment
Limited Premium Endowment
Product Summary :
Limited Premium Endowment Plan (830) is a limited premium paying conventional With-Profits Endowment Assurance Plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
12 Years,16 Years,21 Years
PPT:
8 Year,9 Year
Minimum Entry Age :
18 Year Completed
Maximum Entry Age :
62 Year (Nearest Birthday)
Maximum Maturity Age :
75 Year
Minimum Sum Assured :
3,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
125%of Basic Sum-Assured,OR 10 times of Annualized Premium, OR 105%of all Premiums paid as on death, WHICHEVER IS HIGHER.
On Survival :
On survival Basic Sum-Assured + Revisionary Bonus+ Final Additional Bonus.
Surrendered Value :
The Policy can be surrendered at any time during the policy term provided at least two full years premiums have been paid.
Loan :
Income Tax Benefit :
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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