Description: “Safal Jeevan” is an Endowment Plan that offers comprehensive protection and savings in an easy and hassle free manner. It is the simplest life insurance plan giving you complete freedom to choose from pre-packaged solutions, and decide how much and how long you want to pay premiums. It offers death benefit, maturity benefit and has an in-built accident cover.
Safal Jeevan Endowment Plan participates in the profits of the Company. While the Policy is in full force, the Sum Assured and bonus declared are payable on natural death or maturity. An additional Sum Assured is payable on death due to accident. In case of Surrender of the Policy, after at least three full years’ premiums have been paid, a cash surrender value is payable.

Benefits:
1)Expected Interest Rates: For the purpose of projecting benefits under this policy, the Life Insurance Council has prescribed two rates of returns. Currently, the higher rate is 10% p.a. and lower rate is 6% p.a.
2)Expected Bonus Rates: The Bonus Rates are illustrated assuming that the rate of return on the Company’s investment remains the same throughout the policy term.
3)Guarantees: Provided the Policy is in full force, the Sum Assured is guaranteed and is payable on natural death or on Maturity. An additional Sum Assured is payable on death due to accident. Bonuses already declared while the policy was in full force are guaranteed, and are payable on Death or on Maturity. Bonuses are declared based on the performance of the Company.
4)Cash Surrender Value: This policy may be surrendered for cash at any time after at least three full years’ premiums are paid. The Guaranteed Surrender Value is 30% of total premiums paid excluding the first years’ premiums and all extra premiums. Special Surrender Value if higher than Guaranteed Surrender Value, may be paid by the Company at rates, as may be determined from time to time.

Product Features:
Eligibility
. Minimum entry age: 18 years.
. Maximum entry age: 45 years.
. Maximum maturity age: 60 years.
Premium Payment Term
. Choose premium paying terms of 10, 15 and 20 years.
Premium Payment Options
. Annual, half-yearly or quarterly.
Minimum Premium Payable
. Annual: Rs.2,000.
. Half-yearly: Rs.1,000.
. Quarterly: Rs.500