Jeevan Bharati (Withdrawn w.e.f 30/07/2008)

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Features

Special Features

Benefits

Policy Parameters

Features

Jeevan Bharati is a money back plan covering illness peculiar to women. Female Critical Illness (FCI) benefit and Congenital Disability Benefit (CDB) cover will be available to proposers under the Jeevan Bharati plan.

Special Features

This policy offers guaranteed additions at a rate of Rs.50/- per thousand basic sum assured to accrue at the end of each completed year for which premium is paid, during the first 5 years of a policy and will be paid on death or maturity.

20% of the Sum Assured will be offered at the end of 5/10 years for a 15 year term (balance payable on maturity plus Guaranteed Additions plus bonus, if any)

Free Insurance cover is available provided at least two years' premiums have been paid.

Option to encash the Survival Benefits as and when needed.

Flexibility to pay premium in advance and avail premium rebate of 4 % per annum.

Option to receive maturity proceeds in the form of an annuity.

Double Accident Benefit available.

Benefits

Survival Benefits

20 % of the Sum Assured at the end of 5/10/15 years for 20 year term (balance payable on maturity plus Guaranteed Additions plus bonus , if any)

Maturity Benefits

For policy term of 15 years: 60% of the sum assured along with vested Guaranteed Additions and reversionary bonuses, as declared, will be paid.

Death Benefits

Full Sum Assured irrespective of all earlier survival benefits paid plus Guaranteed Additions plus bonus, if any.

Special Benefits

Female Critical Illness cover, congenital disability benefit, housing loan and tax benefits available.

Policy Parameters