ING Safal Jeevan Endowment Plan
ING Safal Jeevan Endowment Plan is a Participating Endowment Plan. It is a Traditional Plan with Bonus facility.
Key Features
Benefits
In case of death of the Life Insured within the Policy Tenure, the nominee gets the entire Sum Assured + non-Guaranteed Bonus +Terminal Bonus as the Death Benefit and the policy terminates.
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + non-Guaranteed Bonus +Terminal Bonus is paid to the nominee as Death Benefit and the policy terminates.
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.
- Accidental Death Benefit Rider
How it works
Eligibility
| Minimum | Maximum | |
|
Policy Term (in years)
|
10, 15
|
20
|
|
Premium Payment Term (in years)
|
Same as Policy Tenure
|
|
|
Entry Age of Life Insured (in years)
|
18
|
45
|
|
Age at Maturity (in years)
|
-
|
60
|
|
Annualized Premium (in Rs.)
|
2,000
|
-
|
|
Payment modes
|
Annual, Semi-Annual, Quarterly and Monthly
|
|
FAQs
What happens if policyholder stop paying the premiumIf the policy holder stops paying the premium, the policy lapses and all benefits cease. However, if at least 3 years premiums have been paid, the policy gets converted to Paid Up Value and then the coverage continues with reduced coverage.
what happens if policyholder want to surrender the policywhat happens if policyholder want a loan against your policy
