Baibav Jeevan Beema (Money Back Plan)

This is an anticipated money back plan. “Baibhav Jeevan Beema” policy offers survival benefit as in three installment,fixed percentage of Sum Assured return  during premium paying period. You can choose the policy term according to your financial planning to mitigate your needs.

Key Features:

Age at entry
Minimum Age 16 Years
Maximum Age 58,55,52,49,46 Years
Sum Assured
Minimum Sum Assured Rs 50,000
Maximum Sum Assured No Limit
Policy Term
Minimum Term 12, 15, 18, 21, 24 Years
Maximum Term 12, 15, 18, 21, 24 Years
Premium Discount on Mode of Premium Payment
Yearly Mode 2%
Half Yearly Mode 1%
Quarterly Mode Nil
Monthly Mode 5% extra charge
Sum Assured Discount
Sum Assured 100,001.00 to 200,000.00 Rs 1 per thousand
Sum Assured 200,001 and above Rs 2 per thousand
Rider Sum Assured Limit
Accidental Death Benefit (ADB) Equal to Base Sum Assured
maximum up to 50,00,000
Total Permanent Disability (TPD) Equal to Base Sum Assured
maximum up to 50,00,000
Premium Waiver Benefit (PWB) Equal to Base Sum Assured
maximum up to 50,00,000

Benefit Schedule:

Policy Term Three Installment Payment(At the policy anniversary date)
1st Installment 2nd Installment Last Installment
12 years 4 years (25%) 8(25%) 50% of SA+Bonus
15 years 5 years (25%) 10(25%) 50% of SA+ Accrued Bonus
18 years 6 years (30%) 12(30%) 50% of SA+ Accrued Bonus
21 years 7 years (30%) 14(30%) 60% of SA+ Accrued Bonus
24 years 8 years (30%) 16(30%) 50% of SA+ Accrued Bonus