Silent FEATURES of JEEVAN TARUN (T. No. 834)
DATE OF LAUNCH: 18.05.2015 (MONDAY)
This is purely CONVENTIONAL PLAN having a lot of FLEXIBILITY.
This is MONEY BACK plan.
SURVIVAL BENEFITS will START at the age of 20 yrs of child EVERY YEAR upto 25 yrs of age.
MATURITY AGE is 25 yrs of age of child.
SURVIVAL BENEFITS
There are 4 OPTIONS to take Survival Benefits and Proposer has to CHOOSE it at proposal stage ONLY means the TIME of taking the policy.
OPTION 1 : No Survival Benefits. 100 % of SA + Bonus + FAB at MATURITY ( age 25 yrs ) MEANS like
ENDOMENT PLAN
OPTION 2 : 5% of SA as Survival Benefits from 20 to 24 yrs of age AND remaining amount 75% of SA + Bonus + FAB at MATURITY(age 25 yrs)
OPTION 3 : 10% of SA as Survival Benefits from 20 to 24 yrs of age AND remaining amount 50% of SA + Bonus + FAB at MATURITY( age 25 yrs)
OPTION 4 : 15% of SA as Survival Benefits from 20 to 24 yrs of age AND remaining amount 25% of SA + Bonus + FAB at MATURITY(age 25 yrs)
MINIMUM AGE
90 DAYS upto 12 yrs of age of child.
Policy vv & Premium paying Term both are DIFFERENT
POLICY TERM : 25 yrs MINUS(-) Age of Child
PREMIUM PAYING TERM : 20 yrs MINUS(-) Age of Child
You have to pay premium upto 20 yrs of age of child.
MINIMUM Sum Assured
Rs 75,000 c after that in the multiple of Rs 5,000 upto Rs 100,000
BUT
After Rs 1,00,000 in the multiple of Rs 10,000.
DEATH BENEFITS
Risk will START after 2 yrs from the DOC or after attaining the age of 8 yrs whichever is
EARLIER
Before START of RISK
=> Refund of all premiums excluding extras
After START of RISK
=> 1.25*SA + BONUS + FINAL (if any)
So, SUC will be counted as =>1.25 *SA
PWB is available as usual.
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