New Jeevan Shanti(858)

Description

Plan :New Jeevan Shanti (858)

Product Summary :
This Plan is a non-linked, non-participating, single premium annuity plan. This plan shall be allowed to lives including third gender.

Premium Payment Mode:
Single Premium

Annuity Mode:
• Annuity may be paid either at monthly, quarterly, half yearly or yearly intervals.

Minimum Entry Age :
30 Year Completed

Maximum Entry Age :
• 79 years (last birthday) Deferred Annuity

Minimum Sum Assured :
• Rs.1,50,000/-

Maximum Sum Assured :
NO LIMIT

Annuity Option :
DEFERRED ANNUITY

DEFERMENT PERIOD :
1 year to 12 years

CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]
Surrendered Value :
The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life

Loan :
Loan facility shall be available after three months from the completion of policy or after expiry of the free-look period,Whichever is later. Policy loan shall be allowed under the following annuity options only:
• Deferred annuity-
i) Option 1: Deferred annuity for Single life
ii) Option 2: Deferred annuity for Joint life

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