BIMA JYOTI (Plan-860)
✓ Fixed and Guaranteed Maturity benefit.
✓ Guarantee for a long term during these times of uncertainity and in the era of fall-in back interest rates.
✓ Guaranteed addition of Rs.50/- per 1000 Sum Assured.
✔ Similar to High Sum Assured Plans. (Bima Shree & Jeevan Siromani) ✓ Fits into wide age graph (90 days to 60 years)
✓ Unlike many other plans, this plan is available to the age group of
55 to 60 years also.
✓ Limited Premium Payment term (5 year Premium holiday)
✓Gives the shortest premium payment term of 10 years also.
✓ Available in just 6 policy terms (15,16,17,18,19,20 years) ✓ Risk cover is 1.25 times Sum Assured.
✓ Four popular riders can be opted for (AB, TRB, CIR, PWB)
✓ Settlement options available for Maturity and death benefits. ✓ Income Tax benefits available.
✓ Loan after 2 years.
✓ Similar to Long term Recurring deposit with guaranteed maturity
amount. Added advantage of life cover.
✓ Ideal of kids: The combination of terms from 15 to 20 years, create cash flows to support education/marriage/career expenses.
✓ For a 90 day old baby, the parent by paying Rs.6492/- per month for 15 years get a guaranteed maturity amount of Rs.20 lac @ 20 years age.
✓ Very suitable of NRIs, Business people and other HNI (guaranteed
estate creation with limited premium payment term) ✓ For HNI's in higher tax bracket, guaranteed tax free maturity is a boon.
✓ For pension/good lumpsum benefit during the post retirement age. ✓ Entry ticket to meet existing customers.
✓ Suitable for selling through all Channels of marketing.
✓ Attracrtive commission to agent. PPT 15 years: 1st years: 30%, 2nd and 3 rd years: 7.5%, 4th to 14th years: 5%, 15th year: 7.5%.
✓ A WIN-WIN situation for both Customer and the Agent.
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