Jeevan Nidhi is a 'with profits' Deferred Annuity Pension Plan. If the policyholder survives the term of the policy, the sum assured and bonuses are used to generate pension for him. This plan also has a risk cover during the deferment period.
Benefits :
1. The main benefit of this plan is the pension can commence at the age of 40years itself.
2. Premium paying option are monthly, quarterly, half-yearly, yearly or even through salary deduction.
3. Tax benefits under section 80CCC (1) is applicable on premiums paid.
4. You get Guaranteed Additions at Rs50/- per 1000 on the sum assured for the first five years.
5. Also added riders and death benefit is applicable in this plan.
Eligibility :
| Parameters |
Minimum |
Maximum |
| Entry Age |
18 years |
65 years |
| Annual Premium |
3,000/- |
- |
| Single Premium |
10,000/- |
- |
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
