Jeevan Saral, Age Limit 18

This plan contains good feature of the conventional plans and the flexibility of unit linked plans. It provides higher cover, Liquidity and, Smooth return considerable flexibility. In this plan one has to choose the premium he wants to pay whereas in normal plans one chooses the s. A. Within the framework of this arrangement death cover will be same irrespective of age at entry and term. The sum payable at maturity however differs for different entry age and terms. This approach is very appropriate for employees seeking life cover through salary savings schemes. Surrender value the policy can be surrender after it has remained within force for minimally 3 full years. The surrender cost will be the greater then guaranteed surrender value or special surrender value as given below guaranteed surrender value gsv the gsv will be on par with the 30% in the aggregate total amount of premium paid excluding the premium as the primary year as well as the extra premiums and premium for accident / term riders. Special surrender value ssv the special surrender value under the policy shall be paid as the sum of offering a and offering b gives as under discounted value or under these, Accumulated value circumstances from the, May be options below 80% of maturity s. A. If 4 years premium have been paid, 90% of the maturity s. A. If or more years but less then 5 years premiums have been paid and 100% of the maturity s. A. If 5 or more years premium have been paid. The loyalty additions, If any as announced while declaring the outcomes of the corporation s valuation as on 31st march, Immediately preceding the scheduled date of surrender.