Eligibility Condition And Other Restriction
|
Conditions
|
For the Main Plan
|
Term Assurance Option |
|
Min. Age at entry
|
13 years completed
|
18 years completed |
|
Max. Age at entry
|
70 years
|
50 years |
|
Max. Maturity Age
|
75 years
|
60 years |
|
Policy Term
|
5 yrs. and 10 yrs
|
Same as main plan |
|
Sum Assured
|
Rs.25,000.
Maximum – No limit.
|
Min. Sum Assured - Rs.1,00,000/-
Max. Sum Assured - An amount up to the basic Sum Assured for Term Assurance subject to a maximum of Rs.25 lakh overall Option limit, under all policies of the life assured. |
Premium Rates:
Single Premium rates for Rs.1000 Sum Assured are Rs.995 for 5 years term and Rs. 976 for 10 years term.
Note:
The Term Rider Premium depends on the age nearer birthday and the term of the policy.
REBATES
1% of basic premium on the premium in excess of Rs.50,000.
Rs.500 plus 1.5% of basic premium on the premium in excess of Rs.1,00,000.
LOAN
Loan will be available to the policyholders under this plan within the Surrender Value.
Last modified date :10-02-2021
Life Insurance Corporation of India –
Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021
IRDAI Reg No- 512