Jeevan Aadhar lic policy With table Chart | details of Jeevan Aadhar lic policy

Jeevan Aadhar lic policy With table Chart | details of Jeevan Aadhar lic policy  : here we gave the details of Jeevan Aadhar lic policy With table Chart   Jeevan Aadhar lic policy most useful policy for handicapped person who don’t earn much money by themselves  so they need to provide finincail assistance  for their upcoming generation. In this policy proposar must satisfy all the terms and conditions of Income tax act 1961 which are mentioned in  section 80DDA. The policy holder will have lifetime insurance in this policy. Policy benefit will be paid to the dependent some amount in single payment and some amount in annually.

You can pay the premiums monthly,quarterly,half-yearly and yearly. Permiums terms would 10,15,20,25, 30 and 35 years. If you wish single premiums can be paid. Income tax rebate is available for premiums in this policy under section 80DDA of IT Act.

As this policy is designed for lifetime Insurance so there is no maturity benefits like bonus etc.

Death benefit in this policy is 20% of assured amount  it is also includes terminal and guaranteed additions. The Rest of the amount will be paid to the dependent as 15 years annuity. Incase dependent deceased while paying the premiums the policy will be terminated or continue with reduced assured amount.

If the policy holder paid the premiums minimum of 10 years then eligible for terminal additions and Guaranteed additions  will be added  upto 65 years of the policy holder or  till death.

There is no matter of Surrender value  because the policy is designed for handicapped dependant and if need extra benefits additional premium need to be paid.

Jeevan Aadhar lic policy With table Chart

Jeevan Aadhar lic policy Chart : this is the chart of  Jeevan Aadhar lic policy

Jeevan Aadhar lic policy With table 

Illustration1(Table114)
Ageateentry:35years
Ageofdependant:5years
Premiumpayingterm:15years
SumAsured:Rs.1,00,000/-
Annual premium: Rs. 4095/-

Year	Premium Paid (Rs.)	Benefit on death of life assured payable at the end of year (Rs.)
		Guaranteed	Variable		Total
			Scenario 1	Scenario 2	Scenario 1	Scenario 2
1	4095	100000	0	0	100000	100000
2	8190	110000	0	0	110000	110000
3	12285	120000	0	0	120000	120000
4	16380	130000	0	0	130000	130000
5	20475	140000	0	0	140000	140000
6	24570	150000	0	0	150000	150000
7	28665	160000	0	0	160000	160000
8	32760	170000	0	0	170000	170000
9	36855	180000	0	0	180000	180000
10	40950	190000	0	0	190000	190000
15	61425	240000	0	0	240000	240000
20	61425	290000	0	1000	290000	291000
30	61425	390000	0	33000	390000	423000
40	61425	400000	0	140000	400000	540000