Feb 07, 2008 01:41 PM
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Surabhi plan is similar to other money
back plans.However main differences in
regular money back plans and Jeevan Surabhi
are as under
Maturity term is more than premium paying
term.*
Early and higher rate of survival benefit
payment.*
Risk cover increases every five years.
Policy Terms : 15/20/25 years
Premium Paying Terms : 12/15/18 years
Min/Max Age in 15 years : 14/55
Suitable For *
This plan holds special interest
to people who besides wishing to provide
for their old age and family feel the
need for lump sum benefits at periodical
intervals.
Full sum assured is paid back as survival
benefit by the end of premium paying term.
However, the risk cover and additional
risk cover continue and the policy participates
in profits till the end of policy term.
Accident Benefit is restricted to the
premium paying period and to the overall
limit of Rs.5 lakhs on a single life.
Example :
Mr.Patel takes a Jeevan Surabhi (with profit) policy term being
15 years and sum assured being Rs.1, 00, 000/-. He pays an annual
premium of Rs.10, 863/- Every 4 years, he receives Rs.30, 000/-
Patel expires during the ninth year of the policy. His wife named
as his beneficiary receives the full sum assured plus 50 percent of
the sum assured plus an additional bonus.
If Patel were to expire during the 11th year, his wife would
receive twice the sum assured plus the bonus.
For More Information :
Contact : Naveen Gandhi
Phone : 9971152498
Email ID : gandhi.naveen@gmail.com
