Jeevan Utkarsh is a One Time Investment plan with 10 times of risk cover.
Accident & Disability benefit also available.
Tax Rebate while investing and tax free returns on maturity.
Combination of Investment and High Risk Cover.
One time Premium Plan for 12 Years Term.
Guaranteed Returns on Maturity with Loyalty Addition.
Risk Cover available 10 Times of Amount Invested Plus Loyalty Additions.
Option for Additional Accidental and Disability Rider, 1st time in Single Premium Policy.
Liquidity by way of Loan or Surrender.
High Yield Investment in current declining interest Scenario.
Tax Benefits in Jeevan Utkarsh :
a. Tax Rebate while investing
b. Tax Free Returns on maturity
Settlement Options of Policy Proceeds (for 5,10 and 15 Yrs), 1st time in the New Product Regime.
For Whom it is suitable:
A) Child Segment:
a. For Higher Education
b. For Marriage Purpose
c. Creating Estate for Business Purpose
B) Young Individuals:
a. Secured and Guaranteed returns with high risk cover
b. Substitute for other Instruments Bank FD, Post Office, M.F etc.
c. Customize Tax Free Pension Provision; Young executive in MNC or other Non-Pensioner Salary Class; opt for settlement option; payable with mkt prevailing interest rate at the time of executing option
d. Tax Free yield on investment for NRIs/HNI/Celebrities with short earning span
e. Park Lump Sum Money or windfalls
C) Senior Citizen:
a. Gift to their Grand Children
b. Creating Estate for their Children or Grand Children
Features of Plan – Jeevan Utkarsh:
Minimum Age at Entry : 6 Yrs (LBD)
Maximum Age at Entry : 47 Yrs (NBD)
Minimum Basic S.A. : 75000
Maximum Basic S.A. : No Limit
Policy Term : 12 Years
High S.A. Rebates : Rs. 15-25 per 1000 SA (Slab Wise)
Sum Assured on Maturity along with Loyalty Additions
2. Risk Cover:
a. Death S.A.: 10 Times of Premium Paid (Tabular Prem.)
b. Death S.A. Plus Loyalty Additions if death occurs after 5 Year of commencement of Risk.
c. Return of Premium in case Risk not Commenced
After 3 Months of issue of the Policy (90% of S.V)
a. Immediate after issue of policy (70 % in 1st Year)
b. Guaranteed Surrender Value (minimum 90% after 1st year of Policy)
5. Settlement Option:
a. Policy Proceeds (Maturity or Death ) can be used for Settlement option for period of 5 or 10 or 15 years installment.
b. Further option to commute the installments as and when required.
6. Optional Accident Rider:
Life Assured can opt for double Accidental and Disability Benefit
7. High S.A. Rebates:
Rs. 15 per thousand if BSA Rs. 150000-295000
Rs. 20 per thousand if BSA Rs. 300000-480000
Rs. 25 per thousand if BSA Rs. 500000 or above
8. Tax Benefit:
a. Tax Rebate on Amount Invested
b. Tax Free Returns on Policy Proceeds (Maturity or Death)
9. Free Look Period:
Option to return the policy if not satisfied with Term & Conditions.