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PLAN-89 JEEVAN SATHI – DOUBLE COVER JOINT LIFE PLAN WITH PROFIT (JOINT LIFE FOR HUSBAND & WIFE) |
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| INSURANCE TYPE |
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ENDOWMENT PLAN |
| MINIMUM AGE ENTRY |
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MALE: 21 – FEMALE: 18 YEARS |
| MAXIMUM AGE ENTRY |
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50 YEARS |
| MINIMUM TERM |
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15 YEARS |
| MAXIMUM TERM |
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30 YEARS |
| MAXIMUM MATURITY AGE |
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70 YEARS |
| MAXIMUM SUM ASSURED |
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RS. 50,000 |
| MINIMUM SUM ASSURED |
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DOI (DEPENDS ON INCOME) |
| MODE |
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ALL |
| REBATE FOR MODE |
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YLY: 3%, HLY : 1.5 % |
| NON-MEDICAL |
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GENERAL : NO |
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SPECIAL : YES |
| FEMALE |
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CATEGORY – I, II, III
FOR HOUSEWIVES:
MAX. SA. > 2 lacs to 15 lacs, Female life Proposed should be graduate and should Possesses passport or credit card or Driving licence or Medi claim policy. |
| AGE PROOF |
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STANDARD / NSAP-I |
| DAB |
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YES Rs.2 PER 1000 S.A. |
| POLICY LOAN |
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YES |
| HOUSING LOAN |
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YES |
| FORM NO. |
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300 & 400 |
| BENEFITS |
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| (A) ON MATURITY |
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SUM ASSURED + ACCRUED BONUS |
| (B) ON DEATH |
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- IF ONE PARTNER DIES:
(a) NATURAL DEATH: SUM ASSURED
(b) WITH DAB (ACCIDENTAL DEATH) DOUBLE SUM ASSURED
(C) No liability of further premium payment
(d) Risk cover of surviving partner continues
(e) Payment of sum assured + bonus at maturity or death of the 2nd partner to the legal heirs whichever is earlier.
- IF BOTH THE PRTNERES DIE SIMULTANEOUSLY:
(a) Natural Death: (2 x S.A.) + BONUS
(b) With DAB (Accidental Death) : (4 x S.A.) + Bonus.
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