KANYADAAN PLAN ( JEEVAN LAKSHYA PLAN TABLE NO-833 )

KANYADAAN PLAN ( JEEVAN LAKSHYA TABLE N0-833 ) is a limited premium endowment plan which is designed specially for those who are planning for their child’s education and marriage. Kanyadaan plan ( Jeevan lakshya T-833)  provide assured future for your childrenss. In this plan on death your child will get 10% of SUM ASSURED payable on every year till policy anniversary after death and on maturity date again 110% SUM ASSURED + BONUS + FAB.

 

WHY CHOOSE THIS PLAN :

  • Annual Income benefit of 10 % of sum assured every year to the nominee in case of death.
  • Sum assured + Simple Reversionary Bonus + Final Addition Bonus on maturity.
  • Annual Income feature can be used as child education in case of death of proposer.
  • Paid premiums are exempted from income tax under Sec 80C.
  • Maturity amount is tax free under Sec10(10D).

 

BENEFITS OF PLAN :

ON DEATH : In case of death of policy holder during policy term, 10% of Sum Assured will be provided to nominee every year till one year prior to maturity, and On maturity, 110% of Sum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

ON MATURITYSum Assured + Simple Reversionary Bonus + Final Addition Bonus will be payable as maturity amount.

 

 

PLAN PARAMETERS

Age of Entry 18 to 50 years
Premium Paying Mode Yearly, Half Yearly, Quarterly, Monthly(ECS)
Policy Term 13 to 25 years
Premium Paying Term (Policy Term – 3) years
Sum Assured 100000 and above (in multiples of 10000)
Premium Payment Mode rebate 2% on yearly, 1% on Half Yearly, Nil on Quarterly & Monthly
High Sum assured Rebate 0% of SA on 0 to 2,00,000
2% of SA on 2,00,000 to 4,90,000
3% of SA on 5,00,000 and above
Loan After 3 Years
Surrender After 3 Years
Revival Within 2 Years of Lapse

 

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