Plan Features
Jeevan Akshay VII 857
Product Summary
Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan.
Premium Payment Mode
Single premium only.
Annuity Mode
-
Optional Benefits
-
Term
Single Premium with life long annuity benefits.
Premium Paying Term
Single premium
Minimum Age at Entry
30 Year completed
Maximum Age at Entry
100 Years (LBD) for option F and 85 Years (LBD) for all other options
Annuity Options
-
Minimum Purchase Price
1,00,000 (other than Divyanjan where min purchase price is 50,000.
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
-
Maturity Age
-
Sum Assured
-
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
Minimum Premium
-
Maximum Premium
-
Minimum Basic Sum Assured
-
Sum Assured on Death
-
Minimum Sum Assured
-
Maximum Sum Assured
-
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Nil
Accidental Death and Disability benefit (ADDB)
Nil
Policy Benefits
On Death
Option A: Annuity stops on death. Option( B - E): Pension paid till the end of the guaranteed period. Option F : Entire purchase price paid back. Option H: 50% of annuity continued till the death of the second annuitant. Option I: 100% of annuity continued till the death of the second annuitant. Option J: 100% Pension continued for the life of second annuitant and full purchase price paid back on the death of the second annuitant.
On Survival
Annuity paid for life irrespective of the option
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Surrender allowed 3 months after completion of the policy under options F and
Loan
Loan allowed 3 months after completion of the policy under options F and
Income Tax Benefit
Income Tax benefits not available.
Proposal Form
Form No 440
| Product Summary | Jeevan Akshay VII (857) is a Single Premium, Non Linked, Non Participating, Immediate annuity(pension scheme) plan. |
|---|---|
| Premium Payment Mode | Single premium only. |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | Single Premium with life long annuity benefits. |
| Premium Paying Term | Single premium |
| Minimum Age at Entry | 30 Year completed |
| Maximum Age at Entry | 100 Years (LBD) for option F and 85 Years (LBD) for all other options |
| Annuity Options | - |
| Minimum Purchase Price | 1,00,000 (other than Divyanjan where min purchase price is 50,000. |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | - |
| Maturity Age | - |
| Sum Assured | - |
| Maturity Benefit | - |
| Death Benefit | - | Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - |
| Maximum Maturity Age | |
| Minimum Premium | - |
| Maximum Premium | - |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | - |
| Minimum Sum Assured | - |
| Maximum Sum Assured | - |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Nil |
| Accidental Death and Disability benefit (ADDB) | Nil |
| On Death | Option A: Annuity stops on death. Option( B - E): Pension paid till the end of the guaranteed period. Option F : Entire purchase price paid back. Option H: 50% of annuity continued till the death of the second annuitant. Option I: 100% of annuity continued till the death of the second annuitant. Option J: 100% Pension continued for the life of second annuitant and full purchase price paid back on the death of the second annuitant. |
|---|---|
| On Survival | Annuity paid for life irrespective of the option |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Surrender allowed 3 months after completion of the policy under options F and |
| Loan | Loan allowed 3 months after completion of the policy under options F and |
| Income Tax Benefit | Income Tax benefits not available. |
| Proposal Form | Form No 440 |
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