KANYADAAN PLAN ( JEEVAN LAKSHYA PLAN TABLE NO-833 )
KANYADAAN PLAN ( JEEVAN LAKSHYA TABLE N0-833 )
is a limited premium endowment plan which is designed specially for
those who are planning for their child's education and marriage.
Kanyadaan plan ( Jeevan lakshya T-833) provide assured future for your
childrenss. In this plan on death your child will get 10% of SUM ASSURED
payable on every year till policy anniversary after death and on
maturity date again 110% SUM ASSURED + BONUS + FAB.
WHY CHOOSE THIS PLAN :
BENEFITS OF PLAN :
ON DEATH : In case of death of policy holder during policy term, 10% of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110% of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
ON MATURITY : Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
PLAN PARAMETERS
WHY CHOOSE THIS PLAN :
- Annual Income benefit of 10 % of sum assured every year to the nominee in case of death.
- Sum assured + Simple Reversionary Bonus + Final Addition Bonus on maturity.
- Annual Income feature can be used as child education in case of death of proposer.
- Paid premiums are exempted from income tax under Sec 80C.
- Maturity amount is tax free under Sec10(10D).
BENEFITS OF PLAN :
ON DEATH : In case of death of policy holder during policy term, 10% of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110% of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
ON MATURITY : Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.
PLAN PARAMETERS
Age of Entry | 18 to 50 years |
Premium Paying Mode | Yearly, Half Yearly, Quarterly, Monthly(ECS) |
Policy Term | 13 to 25 years |
Premium Paying Term | (Policy Term - 3) years |
Sum Assured | 100000 and above (in multiples of 10000) |
Premium Payment Mode rebate | 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly |
High Sum assured Rebate | 0% of SA on 0 to 2,00,000 2% of SA on 2,00,000 to 4,90,000 3% of SA on 5,00,000 and above |
Loan | After 3 Years |
Surrender | After 3 Years |
Revival | Within 2 Years of Lapse |
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