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SINGLE PREMIUM ENDOWMENT PLAN TABLE NO. 817. BASIC CONDITIONS Minimum Age at Entry90 Days (Complete) Maximum Age at Entry65 Years Minimum Term10 Years.

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Presentation on theme: "SINGLE PREMIUM ENDOWMENT PLAN TABLE NO. 817. BASIC CONDITIONS Minimum Age at Entry90 Days (Complete) Maximum Age at Entry65 Years Minimum Term10 Years."— Presentation transcript:

1 SINGLE PREMIUM ENDOWMENT PLAN TABLE NO. 817

2 BASIC CONDITIONS Minimum Age at Entry90 Days (Complete) Maximum Age at Entry65 Years Minimum Term10 Years Maximum Term25 Years Minimum Sum Assured50,000 Maximum Sum AssuredNo Limit (in multiples of 5000) Minimum Age at Maturity18 Years Complete Maximum Age at Maturity75 Years

3 BENEFIT MATURITY BENEFIT MATURITY BENEFIT  Basic Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if Any

4 BENEFIT DEATH BENEFIT DEATH BENEFIT  After Commencement of Risk : Sum Assured along with Vested Simple Reversionary Bonuses and Final Additional Bonus, if any  Before Commencement of Risk : Return of Single Premium excluding extra Premium and Taxes if any without any Interest

5 DATE OF COMMENCEMENT OF RISK In Case of Life Assured is less then 8 years of Age In Case of Life Assured is less then 8 years of Age  Either from two years from date from Date of Commencement of Policy or from the policy anniversary In Case of Life Assured’s Age is of 8 Years or more then 8 years of Age In Case of Life Assured’s Age is of 8 Years or more then 8 years of Age  Risk will Commence immediately WHICHEVER IS EARLIER

6 REBATE SUM ASSURED REBATE 50,000 to 95,000Nil 1,00,000 to 1,95,00018‰ 2,00,000 to 2,95,00025‰ 3,00,000 & Above30‰

7 LOAN OPTION Available after Completion of 1 Policy Year Amount of loan will depend on year of Policy and Policy Term The maximum loan shall be granted as a percentage of Surrender Value(SV) % of Surrender Value as Mentioned Below Policy Year Term 2 nd Year 3 rd Year 6 th Year 9 th Year 12 th Year 13 th & Above Up to 15 Years 55%60%80%90% 16 to 20 years 40%45%60%80%90% 21 Year and Above 30% 45%60%80%90%

8 SURRENDER OPTION The policy can be surrendered at any time during the policy term Higher of Guaranteed Surrender Value or Special Value shall be payable

9 GSV FACTORS 1st Year 70% & Thereafter 90% of Single Premium excluding taxes and extra premium, if any Plus Surrender Value of vested bonuses Special Surrender Value (SSV): Special Surrender Value (SSV): Shall be Payable on the date of Surrender Provided the same is Higher than GSV

10 OTHER SERVICE TAX SERVICE TAX  Taxes, if any, shall be applicable at the prevailing rates and borne by the POLICYHOLDER as per rules

11 SPECIAL HIGHLIGHTS S Single Premium - One time investment P Protection - Cover of full Sum Assured E Excellent for meeting educational needs C Children from the age of 90 days can be Covered I Ideal for investment planning A Attractive Profits L Liquidity through Loan

12 THANK YOU


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