It is a participating annuity plan that offers bonus by the company.
- What are the key features of this policy?
The key features of the New Jeevan Nidhi Plan are –
- Accidental Death and Disability Rider Benefits Availability
- Premium discounts
- High Sum Coverage approximately Rs. Three lakhs and above
- Provides guaranteed additions along with the sum assured on the maturity of the policy
- Option to choose immediate pension or single premium deferred pension as a maturity benefit
- What is the age limit for buying the policy?
The minimum age to buy the policy is 20 years, and the maximum age up to which the policy can be availed is 60 years.
- What is the tenure limit of the policy?
The locking period of the policy ranges from at least five years to a maximum of 35 years.
- Is there a premium discount available against this policy?
Yes, there is a premium discount of 2% and 1% if the premium is paid annually or semi-annually, respectively.