Plan:

JIBAN ABAKASH

To provide individuals in their golden years with a reliable and stable source of financial security through our pension plan, ensuring peace of mind for retirees and their loved ones, while offering unique features, including a lump sum payment in the unfortunate event of early death and continued pension payments for as long as they live. Additionally, we offer the flexibility to include extra Life Risk Coverage for enhanced protection.

This plan also addresses liquidity needs by offering a loan facility to policyholders, after continuing policy for more than 02 (Two) years.

Key Features:

Key Benefits and Features under the enforce policy:

Death Benefits: 

  • Full refundable of all deposited premiums in case of the policyholder's death within the policy term but before starting the pension payment.
  • Extra Life Risk Coverage (if any): The Sum assured will be payable if the policyholder death before commencement of pension payment and reaching the age of 60 years.

Maturity Benefits: 

  • After ends of term of the policy, quarterly pension will be paid up to life time of the policyholder or guaranteed 10 (Ten) years.
  • If the policyholder passes away within the guaranteed 10-years of starting pension, the nominee will receive regular pension payments for the remaining years.

Supplementary Benefits:

  • If the proposer takes extra life coverage, then Supplementary can added in this plan by paying extra premium.
Term & Conditions:

Minimum Age at entry                  : 26 Years (completed)

Maximum Age at entry                 : 59 Years (nearest birthday)

Policy Term                                  : 6-29 Years

Premium payment mode             : Yearly, Half-Yearly, Quarterly

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