MagicGyan

Plan No. 826

Jeevan Shagun is a non-linked, with profit, single premium, money back type of plan
High level of Death Cover during the Policy term
A Maturity Sum Assured along with Loyalty Addition
It is close ended plan, for a maximum period of 90 days
Benefits :
- Death Benefit :
  - On death during first five policy years:
    Basic Sum Assured i.e. 10 times the Tabular Single Premium shall be payable
  - On death during the policy term after completion of five policy years:
    Basic Sum Assured i.e. 10 times the Tabular Single Premium along with Loyalty Addition, if any, shall be payable
Survival Benefit :
On the Life Assured surviving to the end of specified duration,
- At the end of 10^th policy year: 15% of the Maturity Sum Assured
- At the end of 11^th policy year: 20% of the Maturity Sum Assured
Maturity :
On the Life Assured surviving to the end of term, 65% of the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable
Loyalty Addition :
The Loyalty Addition, if any, shall be payable at such rate & on such terms as may be declared by the Corporation, On death or surrender, provided the policy has run for at least five policy years or on policyholder surviving to the maturity.

Eligibility Criteria
Minimum Entry Age	8 years (completed)
Maximum Entry Age	45 years (nearest birthday)
Mode of Premium Payment	Single Premium
Minimum Maturity Sum Assured	Rs. 60,000/-
Maximum Maturity Sum Assured	No Limit
Maturity Sum Assured shall be in multiple of Rs. 5,000/-
Policy Term	12 years