Jeevan Amrit (Endowment Cum Whole Life) Plan

This plan is a combination of Endowment Assurance and Whole Life with profit plan. It provides financial protection against death throughout the lifetime of the life assured with the provision of payment of a lump sum at the maturity of the policy to the assured in case of his survival.

Policy Requirements

Minimum Entry Age : 16 Years

Maximum Entry Age : 65 Years

Maximum Maturity Age : 70 Years

Minimum Maturity Period : 5 Years

Maximum Maturity period : 25 Years

Minimum Sum Assured : Rs. 50,000/-

Maximum Sum Assured : Rs. 1,00,00,000/- (According to Income Source)

Premium Payment Frequency : Annually, Half Yearly, Quarterly and Monthly

Age computation : Age next birthday

Policy Benefits:

Survival benefits:

Sum Assured plus bonus earned shall be paid on maturity

Death benefits:

Sum Assured plus bonus earned shall be paid to the nominee

After maturity, Sum Assured shall be provided to the nominee on the death of assured

 Rider Benefits:

Accidental Death Benefit (ADB) up to Rs. 50,00,000.00 in additional Rs. 1.00 per thousand.

Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand.

Other benefits:

Paid up and surrender claim shall be provided

Loan Facility provided.

Tax exemption as per ITA,2058