Jeevan Chhaya

This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy

Special Features

This policy is given under non-medical scheme up to sum assured of Rs.1 lakh, if the prospect is having a child of less than one year of age as on date of registering the proposal. This non-medical is exclusive of other policies.

Benefits

Short term needs like family provision in case of premature death of the policyholder and long term needs like education and marriage of dependents are simultaneously fulfilled by this policy. This policy is a right choice if a person wants to provide for the marriage of his daughter. The term can be fixed so as to receive the maturity benefit when the daughter is of marriageable age. For e.g. If the policy is for 20 years then:

At the end of 17th year – 25% of Sum assured is payable provided the policy is in force.
At the end of 18th year – 25% of Sum assured is payable provided the policy is in force.
At the end of 19th year – 25% of Sum assured is payable provided the policy is in force.

Survival Benefits

  • Maturity

At the end of 20th year – Balance 25% Sum Assured plus bonus plus additional final bonus if any.

  • Fixed Benefits

25% of the Sum assured payable each year at the end of last 3 years provided the policy is in full force.

Death Benefits

  • Natural

Besides the fixed benefits, an additional amount equal to the Sum assured will be paid on the death of the policy holder. Further premiums waived

  • Accidental

Payment of double the Sum assured plus fixed benefit. Further premiums due from the policy anniversary following the date of death will stand waived.

Min Max
Entry Age 18 40 (Nearer Birthday)
Sum Assured 50000 No limit
Term 18 25
Mode of Payment Max Maturity Age Policy loan available
Yearly, Half Yearly, Quarterly, Monthly, Salary Saving Scheme 65 (Nearer Birthday) No

Email us at info@investinsure.in for personalized illustrations.

WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera