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JEEVAN
REKHA
(A unique combination of Whole Life Plan
and Money Back Plans)

'JEEVAN
REKHA' is a unique combination of Whole Life Plan and
Money Back Plans and it is introduced on 22nd July, 2002.
This policy provides the financial needs at every stage
and at the same time provides the security to the family.
Hence this policy is suitable for people who wish to have
inflow of income at regular intervals and at the same time
provide their family a lumpsum amount on death.
Salient
Features
-
Policyholder
has an option to choose accident benefit cover by paying
marginal additional premium. This cover continues ever
after premium paying term upto the age 70 years. This
benefit is subject to the overall limit of Rs.10,00,000/-
lakh under other life insurance plans.
- Policy
acquires a surrender value provided the policy is in force
for a period of three years. In case of single premium policies,
guaranteed surrender value is equal to 90% of total premium
paid and in case of regular premium policies it will be
equal to 30% of the total premiums paid, excluding the premiums
for the first year and all extra premiums and/or additional
premium for Accident Benefit
- A
policy under this plan can be dated back within the same
financial year.
- The
policy will acquire paid-up value after at least 3 full
year's premiums have been paid. The policy will continue
as a Single Premium without profit Whole Life policy for
the Sum Assured which will be arrived at by applying Single
Premium equal to higher of the Guaranteed Surrender Value
and Special Surrender Value as declared by the Corporation.
Benefits
- On
Survival Benefits: 10% of the Basic Sum Assured will
be payable to the Life Assured on survival after every five
years from the date of commencement.
- Death
Benefit: Sum
Assured along with vested Bonuses are payable on death of
the Life Assured whenever it occurs, irrespective of Survival
Benefits paid already.
- Bonus:
Simple
Reversionary Bonus accrues during the lifetime of the Life
Assured and is payable on his/her death, along with Final
Additional Bonus (if any).
- Accident
Benefit Option: Accident
Benefit is available up to a maximum or Rs.10,00,000/-.
This is inclusive of the maximum limit of Rs.10,00,000/-
placed under other life insurance plans.
Premium
Calculator
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