Jeevan Aadhar - Handicapped Dependent Plan

About Plan: This is a plan who is a handicapped.The plan provides life insurance cover throughout the lifetime of the purchaser.

Premium: Premium of this plan are paid yearly, half yearly quarterly as well as monthly.The Premium  may be paid in one lump sum amount.

Guaranteed Additions:The policy provides for the Guaranteed Additions at the rate of Rs.100 per thousand Sum Assured for each completed policy year.

Other additions: This is a with-profits plan and participates in the profits of the Corporation’s life insurance business.The policy will be entitled for Terminal Additions if at least 10 years premiums have been paid.

 Benefits of Jeevan Adhar:

Death Benefit: Guaranteed Additions plus Terminal Addition along with Sum Assured will be applicable on the death of Life Assured. 20% of such benefit amount shall be paid in lump sum and the balance amount shall be used to offer an annuity of 15 years certain and for life thereafter on the life of the handicapped dependant.  The contract will ceases and the Life Assured have the choice of either keeping the policy for a reduced paid-up Sum Assured or receive the refund of premiums, if in the case the handicapped dependant predeceases the Life Assured during the premium paying term of the policy.


Maturity Benefit: There will be no maturity benefit under this plan.

Supplementary or Extra Benefit: These optional benefits are added to your basic plan and an additional premium is needed to be paid for these benefits.

Surrender Value:  Surrender value will not be permitted as this plan is mainly for handicapped persons.