New Endowment Plan (Plan No. 814)
Being an Endowment assurance plan, this policy is suitable for people of all ages and social groups. This is a savings oriented plan which earns a high bonus. The premium is very low as compared to other policies and returns are high.
Features
- Life risk cover for the life insured
- Additional accidental risk cover
- Moderate Premiums
- High bonus
- Savings oriented plan
- The upper limit of additional accidental sum assured is Rs 50 Lakhs only.
Minimum age at entry
|
8 years
|
Maximum age at entry
|
55 years
|
Minimum Term
|
12 years
|
Maximum Term
|
35 years
|
Maximum age at maturity
|
75 years
|
Minimum sum assured
|
Rs 1,00,000.00
|
Maximum sum assured
|
No higher limit
|
Double Tax Benefit
U/S 10(D) : Maturity Returns / Death claim amount is also tax free u/s 10 (D)
Possible Events during policy duration
On Death
If the policy holder dies during the policy term, his/her nominee will be paid following, after which the policy will terminate.
1. Basic sum assured or 10 times of the Annual premium (whichever is higher)
If the policy holder dies during the policy term, his/her nominee will be paid following, after which the policy will terminate.
1. Basic sum assured or 10 times of the Annual premium (whichever is higher)
2. Simple Reversionary Bonus
3. Final Additional Bonus (if any)
On Accidental Death
In case, the policy holder dies due to an accident, the nominee will get following, after which the policy will terminate.
1. Basic sum assured or 10 times of the Annual premium (whichever is higher)
3. Final Additional Bonus (if any)
On Accidental Death
In case, the policy holder dies due to an accident, the nominee will get following, after which the policy will terminate.
1. Basic sum assured or 10 times of the Annual premium (whichever is higher)
2. Additional accidental sum assured (maximum upto Rs. 50 Lakhs)
3. Simple Reversionary Bonus
4. Final Additional Bonus (if any)
3. Simple Reversionary Bonus
4. Final Additional Bonus (if any)
On Maturity
The policy holder will get the following returns at maturity:
1. Basic sum assured
1. Basic sum assured
2. Simple Reversionary Bonus
3. Final Additional Bonus (if any)
The policy will terminate after this.3. Final Additional Bonus (if any)
Understand New Endowment Plan with an example
Mr. Rakesh aged 30 years, plans to take New Endowment Plan for the term of 20 years and sum assured of Rs 2,00,000.00 (Rupees Two Lakhs only).
He is required to pay an annual premium of Rs 10,230.00 (Rupees Ten Thousand Two Hundred and Thirty only).
Possible Events
On Death
If Mr Rakesh dies during the policy term, his nominee will receive the Sum Assured i.e. Rs 2,00,000.00 (Rupees Two Lakhs only) + Accrued Bonuses. After this, the policy will terminate.
On Accidental Death
If during the policy term, Mr. Rakesh dies due to an accident, his nominee will receive the Basic Sum Assured (Rs 2,00,000.00) + Additional Sum Assured (Rs 2,00,000.00) + Accrued Bonuses. The policy will terminate after this event.
On Survival till maturity
If Mr. Rakesh survives till the end of policy term, he will get the Basic Sum Assured i.e. Rs 2,00,000.00 (Rupees Two Lakhs only) + Accrued Bonuses. The policy will terminate thereafter.
Very informative article. Allow us to secure your life as well as your money. Click here Best LIC agents in Ghaziabad
ReplyDeleteto learn more about our company.
Very informative article. Allow us to secure your life as well as your money. It useful for who want to be an LIC agents in Ghaziabad
ReplyDeleteNurse salaries in Ireland are generally competitive and vary based on several key factors, including experience, location, and specialization. A registered nurse (RN) can expect to earn between €30,000 and €50,000 annually, with salaries starting around €30,000 for newly qualified nurses. Experienced RNs, particularly those in specialized roles such as nurse practitioners or critical care, often earn upwards of €45,000 or more. The structured pay scale within the Irish healthcare system provides job security, especially as demand for healthcare professionals continues to grow. Additionally, nurses benefit from various compensation packages that may include pension schemes, paid leave, and opportunities for ongoing education. As the healthcare landscape evolves, the earning potential for nurses in Ireland remains promising, attracting individuals to this vital profession. Overall, nursing in Ireland represents a stable and gratifying career choice with solid financial prospects.
ReplyDeletehttps://www.dynamichealthstaff.com/ireland-nurse-salary
The breast cancer hospital in Gurgaon stands out as a premier facility dedicated to comprehensive breast health care. Equipped with state-of-the-art technology, it offers advanced diagnostic services, including mammograms and biopsies, ensuring accurate and timely detection. The hospital features a multidisciplinary team of specialists, including surgeons, medical oncologists, and radiologists, who collaborate to create personalized treatment plans tailored to each patient’s needs. With a strong emphasis on patient-centric care, the hospital provides emotional support and educational resources to empower patients throughout their journey. Private consultation rooms ensure confidentiality and comfort, while modern facilities promote a healing environment. The hospital is committed to ongoing research and innovation, continuously integrating the latest advancements in breast cancer treatments. With a focus on excellence and compassion, the breast cancer hospital in Gurgaon is dedicated to improving outcomes and enhancing the quality of life for its patients.
ReplyDeletehttps://www.breastoncosurgery.com/know-the-doctor/profile
The best neuroendocrine cancer surgeons in Ahmedabad stand out for their exceptional skills and commitment to patient-focused care. With a wealth of experience, they employ advanced surgical techniques, ensuring precise and effective interventions for neuroendocrine tumors. These surgeons collaborate closely with a multidisciplinary team, which enhances the comprehensive treatment plans tailored specifically for each patient. Their proficiency in minimally invasive approaches not only optimizes recovery times but also maximizes surgical outcomes. Actively engaging in ongoing research, they provide patients access to the latest clinical trials and innovative therapies. Additionally, they prioritize patient education, empowering individuals to make informed decisions about their treatment options. Their compassionate approach reassures patients and their families, fostering a supportive environment throughout the entire care process. With a dedication to improving survival rates and quality of life, these surgeons play a critical role in the fight against neuroendocrine cancer in Ahmedabad.
ReplyDeletehttps://drvirajlavingia.com/services/neuroendocrine-cancer-specialist-in-ahmedabad
A breast cancer surgeon in Mumbai is a highly specialised healthcare provider focusing on the surgical interventions necessary for breast cancer treatment. These surgeons are adept in performing various procedures, including lumpectomies, mastectomies, and reconstructive surgeries, tailored to the specific needs of each patient. Working collaboratively with oncologists, radiologists, and other healthcare professionals, they ensure a comprehensive treatment plan that addresses all aspects of care. Emphasising minimally invasive techniques, these specialists strive to enhance recovery times and reduce potential complications. Moreover, they are dedicated to providing emotional support and guidance throughout the patient's journey, helping them navigate the challenges of a breast cancer diagnosis. Their commitment to continuous education allows them to stay at the forefront of surgical advancements and best practices. By fostering open communication, breast cancer surgeons empower patients to actively participate in their treatment decisions. Ultimately, their expertise is crucial in improving outcomes and promoting well-being for those affected by breast cancer in Mumbai.
ReplyDeletehttps://drnitanair.com/contact/contact-dr-nita-nair-mumbai
Hello, Vibhuti Super Speciality Hospital is renowned for its expert gynecologists who provide top-notch care and advanced treatments for all women's health concerns. Best Gynecologist In Dehradun
ReplyDeleteMan and A Van Edinburgh offers versatile and efficient moving services ideal for smaller relocations. Our experienced team ensures every move is executed with precision and care, regardless of size. We use top-quality materials and modern, well-maintained vans to safeguard your belongings. Whether you're moving a few items across town or need assistance with a small office relocation, our services are tailored to fit your needs. Flexible scheduling and competitive pricing make us the preferred choice for all your small-scale moving needs. Trust Man and A Van Edinburgh for reliable, convenient, and professional moving solutions. Let us handle your move with the utmost care and efficiency.
ReplyDeletehttps://eh1-edinburghremovals.co.uk/man-and-van-edinburgh/
Hey, Thank You for sharing this blog with us. Vibhuti Super Speciality Hospital in Dehradun provides skilled and sympathetic gynecologists dedicated to personalized care for women at every stage of life. From routine check-ups to specialized treatments, Vibhuti’s experts ensure quality care in a supportive environment. Best Cesarean Delivery Hospital in Dehradun
ReplyDeleteNice Post!!
ReplyDeletePlease Look Here At Best Multispeciality Hospital in Patna
This comment has been removed by the author.
ReplyDeleteHey, Thank You for sharing this blog with us. Dr. Kamlesh Gupta, the best cataract surgeon in Mumbai , offers advanced cataract treatments at Shreeji Eye Clinic. With cutting-edge technology and extensive expertise, he ensures precision and fast recovery.
ReplyDelete