K.SANKAR,SBA

JEEVAN RAKSHAK Max Mat Age 70 NBD Min & Max Term 10 to 20 Yrs Maturity Benefit: Sum Assured + Loyalty Addition, if any Death Benefit (Natural): (For in force Policy) (Sum Assured or 10 times of Annualized Premium or 105% of Total Premiums Paid, whichever is HIGHER) + Loyalty Addition (Min 5 years for death as well for maturity) Death Benefit (Accident): (For in force Policy & Opted) Another Basic Sum Assured is payable if death due to ACCIDENT. A.D.B. (If ADB Opted): Death due to accident occurs within 180 days from date of accident, another Basic Sum Assured is payable. Age 70 is the max. age up to A.D.B. can be given Min. S.A & max Multiples of 5000 Max. ADB cover is 50 lakhs of all policies taken with LIC & Pvt. Insurers Entry Age 8 yrs LBD to 55 yrs NBD Except Accident Benefit Rider, no other riders inclusive of Disability Benefit Rider not available

During lapsed condition, but beyond concession period and claim is not repudiated, PAID-UP VALUE, if any will be paid to nominee NEW ENDOWMENT PLAN No A.D.B. for minors. Can be included after completing age 18 For A.D.B. to majors, Re.0.50 / 1000 S.A. / p.a. For Police it is Rs.1.00 Yearly or Half-yearly or Quarterly or Monthly ECS or SSS 15 days for ECS/SSS & other modes 30 days If death occurs during grace period but premiums not paid, then DEATH BENEFIT will be paid by deducting unpaid premiums of that POLICY YEAR If premiums are not paid within the grace period, then the policy lapses Death Claim Settlement in lapsed period: a) Within 3 years from D.OC. = Nothing b) 3 to 5 years from D.O.C. = If death occurs within 6 months from F.U.P, then S.A. + Bonus + FAB if any – Unpaid Premium – Premiums payable in the Policy Year c) For more than 5 years from D.O.C. = If death occurs within 1 year from F.U.P., then same as (b) This is called CLAIM CONCESSION

POLICY LOAN: Available after 3 years from D.O.C. and also 3 full years premiums are paid. 70% of S.V. for in-force and 60% of S.V. for paid-up. Interest rate 10% p.a. payable Half- yearly NEW ENDOWMENT PLAN MODE REBATE: 2% for Yearly and 1% for Half-yearly S.A. REBATE: to = Nil ; to = Rs.1.50 Maximum of 2 years only allowed from date of First Unpaid Premium Term1 st Yr2&3 rd YrSubsiq 10 – 1415%5.5%3.75% 15 & >18.5%5.5%3.75% 40% Bonus on 1 st yr commission Under-writing rules not received