Single Premium Endowment Plan (917) is a single premium, non-linked, with profits Endowment Plan.



Premium Payment Mode           : Single Premium

Term                                           : 10 to 25 Years

Minimum Entry Age                  : 90days Completed

Maximum Entry Age                 : 65 Year (Nearest Birthday)

Maximum Maturity Age            : 75 Year

Minimum Sum Assured             : 50,000

Maximum Sum Assured             : NO LIMIT (Depending upon Income)

 

Policy Benefits :


On Death :
On Death after commencement of risk: Sum Assured + Vested Bonus + FAB if any
On Death before commencement of risk: Return of Single Premium excluding taxes and Extra Premium.


On Survival :
On survival Sum Assured + Vested Bonus + FAB if any.

Surrendered Value :
The Policy can be surrendered at any time during the policy term subject to realization of the premium cheque.

Loan :
Loan Facility is available under this plan, after completion of one policy year.

Income Tax Benefit :
• u/s 80C up to 10% of SA.

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