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Published byEvangeline Davis Modified over 9 years ago
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1 Product Training - Aajeevan Sampatti
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A plan which guarantees annual income to life insured and family A plan with limited premium payment term A traditional participating plan A plan which is tax efficient A plan which is suitable for all ages and life stages What is Aajeevan Sampatti
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How does this Product work…? Premium Payment term of 15 years 6 th year 10 th year15 th year Cash bonuses start from 6 th year onwards and continue till LI reaches age 99 Guaranteed Payouts equal to 5.5% of Sum Assured start from 10 th year onwards and are paid every year till LI reaches age 99 years 100% of Sum Assured Paid at maturity On reaching age 100 Guaranteed Payout = 5.5% of Sum Assured
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What happens in case of death…? Premium Payment term of 15 years 6 th year 10 th year15 th year Cash bonuses start 6 th year onwards Guaranteed Payouts equal to 5.5% of Sum Assured start from 10 th year onwards and are paid every year till LI reaches age 99 100% of Sum Assured Payable at death Death of the LI Guaranteed Payout = 5.5% of Sum Assured
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Option to enhance your protection Premium Waiver Rider*: - For PAYOR ONLY. PAYOR and Life Insured are different people. * Subject to existing Underwriting guidelines Enhance your Protection with any of our riders
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What are the Boundary Conditions..? ParametersBoundary Conditions Minimum Age at entry91 days (0 years) Maximum Age at entry60 years for Annual mode 55 years for Semi-annual mode 50 years for Monthly mode Maximum Age at maturity100 years Premium Payment term options 15 years Premium Payment modesAnnual, Semi annual, Monthly* Minimum sum AssuredRs 100,000 *Through Auto Pay only
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