Jeevan Pramukh

Jeevan Pramukh

Table No 167

( With Profit & Guaranteed Addition )

Introduction

Successful people like professional, industrialist, consultants, contractors, business partners, estate owners, self employed individuals , NRIs, models, film stars etc. need insurance protection matching with their profiles. Jeevan Pramukh is the policy to cater the needs of such upper segments of society.

This policy also perfectly suits the needs of employers to effect insurance on the lives of senior managers and key men whose sudden exit could affect the profitability of the organization. It is basically an Endowment Assurance Plan, where you have the choice of policy terms with premium limited to a shorter term.

This New plan provides for payment of Guaranteed Additions for first 5 years @ Rs 50/- per thousand p.a. of the policy and participation in the profit thereafter.

Benefits :

Provided the policy is in full force :

Maturity Benefits :

Sum Assured + Guaranteed Addition @ Rs 50/- per thousand p.a. (for first 5 years) + Bonus (From 6th year onwards).

Death Benefits :

    During first 5 policy years:

Sum Assured + Vested Guaranteed Addition @ Rs 50/- per thousand p.a. for each completed year.

     After first 5 policy years:

Sum Assured + Vested Guaranteed Addition @ Rs 50/- per thousand p.a. for first 5 years + Bonuses declared after the 5th policy year.

Mode Benefit :

The following table shows the rebate available on the mode of premium payment.

Mode	Rebate
Yearly	2% of tabular premium.
Half-Yearly	1% of tabular premium.
Quarterly	Nil.

Sum Assured Benefit:

The following table shows the rebate available on the sum assured.

Sum Assured	Rebate
Above 50,00,000	Rs. 0.5  per Thousand (Regular Premium).

Features

ü Wide options to select premium paying terms as follows:

Term	Premium Paying Term
5	3,4,5
10	3,4,5
15	3,4,5
20	3,4,5
25	3,4,5

ü Minimum sum assured Rs.10,00,000 & thereafter in multiples of Rs. 1,00,000.

ü No maximum limit (Depends upon Income).

ü Minimum age at entry - 18 years (completed).

ü Maximum age at entry - 65 years.

ü Maximum maturity age - 75 years.

ü Modes allowed  - Yearly, Half Yearly, Quarterly and Monthly.

ü Policy Loan available after 1 year.