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JEEVAN SURABHI
(With Profit)

Jeevan Surabhi - Premium Calculator

'JEEVAN SURABHI' is an improved version of Money Back plan with an added feature of additional risk cover. Persons who wish to enjoy the benefit of saving through insurance during their earning period and at the same time wish to provide maximum insurance amount to the family members in the event of death of the life assured can go in for this policy.

Salient Features

  • A policy where lump sum amounts are paid to the life assured at periodic intervals on survival.
  • Accident benefit is available during the premium paying term only.
  • Premium paying terms are less than corresponding policy terms i.e. for policy terms of 15, 20 and 25 years, the corresponding premium paying terms would be 12, 15 and 18 years.
  • An additional amount is also paid on death occurring within the term. The amount depends on duration elapsed from commencement of the policy.
  • Premiums are to be paid regularly to get survival benefits.
  • In case of death of life assured within the term, full sum insured is paid to the nominee, irrespective of earlier survival benefits.
  • Bonus is payable at the end of the policy term under this scheme.
  • Premiums cease on death or on expiry of term whichever is earlier.

Benefits

  • Death Benefit: In case of death of life assured within the term, basic sum assured along with vested bonus is paid irrespective of earlier survival benefits to the nominee. In addition to the following benefits are given depending on the duration elapsed from the commencement of the policy to the date of death.
    Policy term
    15 years
    20 years
    25 years
    Premium paying term
    12 years
    15 years
    18 years
    Policy Inforce
    0 to 5 years
    SA + Accured Bonus
    SA + Accured Bonus
    SA + Accured Bonus
    6 to 10 years
    150% of SA + Accured Bonus
    150% of SA + Accured Bonus
    150% of SA + Accured Bonus
    11 to 15 years
    200% of SA + Accured Bonus
    200% of SA + Accured Bonus
    200% of SA + Accured Bonus
    16 to 20 years
    -
    250% of SA + Accured Bonus
    250% of SA + Accured Bonus
    21 to 25 years
    -
    -
    300% of SA + Accured Bonus
    This way risk cover increases 50% of Sum Assured after every 5 years of term without paying extra premium.
  • Accident Benefit: The life assured can avail Accident Benefit by paying an additional Rs.1/- premium. This is available only for the premium paying term.
  • On maturity Bonus is payable.

Restrictions

  • Minimum sum assured : Rs.40,000/-
  • Maximum sum assured : No limit
  • Minimum age at entry : 14 years
  • Maximum age at entry : 55 years (15 years policy), 50 years (20 years policy) and 45 years (25 years policy.
  • Maximum age at maturity : 70 years
  • Premium Paying Term : 12 (15 years policy), 15 (20 years policy) and 18 (25 years policy)
  • Loan against this policy is not available.

Premium Calculator

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