Jeevan Shiromani

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947 Jeevan Shiromani_English

This plan is basically for high net worth individuals which we called HNIs.

947 Jeevan Shiromani_Hindi

This plan is basically for high net worth individuals which we called HNIs.

It is a non linked, with profits, limited premium payment money back life insurance plan especially designed for High Net-worth Individuals. This plan provides lump sum financial support to family in case of death but also provides payment in case of diagnosis of specified critical illness.

Combination of Moneyback and Life Insurance

It gives you lump sum amount in case of death during policy term and incase of survival, survival benefit amount is payable on Term – 4 Years, Term – 2 Years and on completion of Term.

Lump sum Benefit for Inbuilt Critical Illness

On diagnosis of any specified critical illness diseases, 10 % of Basic Sum Assured will be payable with an option to defer premium payment for next 2 policy term without any interest. Also FREE Second Medical Opinion Option is available.

Profit Sharing in Terms of Guaranteed Additions

Policy is eligible for guaranteed bonus at the rate of Rs. 50.00 per thousand per year during first 5 policy term and thereafter at the rate of Rs. 55.00 per thousand per year

Additional Accidental Benefit

Standalone Additional Accident Benefit Maximum of Rs. 1,00,00,00/- is allowed other than regular accidental benefit under other policies.

Advantages

Avail Tax benefit on premium paid

Tax Free maturity amount

Tension Free Claim Settlement

Conditions

	Minimum	Maximum
Age at Entry	18 Years Completed	55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years
Sum Assured	Rs 1,00,00,000	No Limit
Policy Term	14 Years 16 Years 18 Years 20 Years
Premium Paying Term	Policy Term – 4 Years
Maturity Age	69 Years for Policy Term 14 Years 67 Years for Policy Term 16 Years 66 Years for Policy Term 18 Years 65 Years for Policy Term 20 Years
Mode of Payment	Yearly, Half Yearly, Quarterly, Monthly (NACH), SSS

The Basic Sum Assured shall be in Multiples of Rs. 5,00,000 / -

DAB Conditions

	Minimum	Maximum
Age at Entry	18 Years Completed	55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years
Sum Assured	Rs. 10,000	Rs 1,00,00,000
Cover Ceasing Age	At the End of Policy Term

The Double Accident Sum Assured shall be in Multiples of Rs. 10,000 / -

Term Assurance Conditions

	Minimum	Maximum
Age at Entry	18 Years Completed	55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years
Sum Assured	Rs 1, 00,000	Rs. 25,00,000
Cover Ceasing Age	At the End of Policy Term

The Term Assurance Sum Assured shall be in Multiples of Rs. 5,000 / -

Critical Illness Rider

	Minimum	Maximum
Age at Entry	18 Years Completed	55 Years for Policy Term 14 Years 51 Years for Policy Term 16 Years 48 Years for Policy Term 18 Years 45 Years for Policy Term 20 Years
Sum Assured	Rs 1,00,000	Rs. 25,00,000
Cover Ceasing Age	At the End of Policy Term

The Critical Illness Sum Assured shall be in Multiples of Rs. 25,000 / -