The Jeevan Labh Plan No. 836 by NVM Endowment Plan offers a limited premium paying term, with three policy term options and eligibility from ages 8 to 59. It provides maturity benefits that include the basic sum assured, bonuses, and accidental death benefits, with riders available for additional coverage. The plan also offers various premium payment modes and tax benefits, making it suitable for education and marriage funding, with an emphasis on long-term risk coverage.

1. JEEVAN LABH
Plan No.836
By NvM

2. Endowment Plan
Limited Premium Paying Term
Non-Linked
With Bonus & FAB

3. Only 3Policy Terms Options
Option -Term - Premium Paying Term
1. 16yrs– 10yrs
2. 21yrs– 15yrs
3. 25yrs– 16yrs

4. Eligibility: Age at Entry
Minimum:8yrs completed
Maximum:59yrs Nbd for Policy Term 16yrs
54yrs Nbdfor Policy Term 21yrs
50yrs Nbdfor Policy Term 25yrs

5. Maturity Benefits:
Basic Sum Assured
+Bonus
+F A B

6. Death Benefits:
Sum Assured on Death
+ Bonus
+ FAB

7. Sum Assured on Death
=
Higher of
1. 10 times of Annualised Premium
2. Basic Sum Assured
3. 105% of Total Premiums paid

8. Accidental Death & Disability Benefit Rider
Optional– AdditionalPremium
Available from 18yrs of Age
Cover Available upto PolicyTerm Or Age 70 Nbd,
Which Ever is Earlier
Can be Addedat AnyTime (O/S PPT 5yrs)
Maximum AB Cover 100 Lakhs

9. New Term Assurance Rider
Optional– AdditionalPremium
Available from 18yrs of Age
Cover Available up to PolicyTerm
Can be Addedat Proposal Stage Only
Maximum TRCover 25 Lakhs

10. Mode of Premium Payment
Yearly – 2% Rebate
Half Yearly – 1% Rebate
Quarterly - Nil
Monthly - Nil
(ECS/SSS)

11. High Sum Assured Rebate
2,00,000 to 4,90,000 –Nil
5,00,000to 9,90,000 –1.25%
10,00,000 to 14,90,00 – 1.50%
15,00,000and Above - 1.75%
per Rs.1000 B.S.A

12. OtherFeatures:
ProposalForm 300/340/360
Service Tax
Grace Period (30/15 days)
PaidUp Value
Surrender Value(GSV/SSV)
Revival within2yrs from FUP
Loan After 3yrs
Suicideafter 12 months 80% premiums
Free Look Period15days from OP Receipt
Dating Back withinFinancial Year(JAAM)

13. PremiumCalculation:
For Age 8yrs, 836/16/10, SA 1 Lakh, Yearly
Tab Premium – 84.80
2% Rebate - 1.696
83.104
x 100 - 8310.40
Yearly Premium Rs.8310/-
Example
1

14. Maturity Benefit:
Basic Sum Assured: 1,00,000
Bonus 42x100x16 : 67,200
FAB : N I L
Total Maturity : 1,67,200

15. Total Premium Paid in 10yrs
8310x 10= 83,100
Total Maturity After 16yrs
= 1,67,200
I.R.R= 6.13%

16. PremiumCalculation:
For Age 30yrs, 836/21/15, SA 1 Lakh, Yearly
Tab Premium – 54.95
2% Rebate - 1.099
53.851
x 100 - 5385.10
Yearly Premium Rs.5385/-
Example
2

17. Maturity Benefit:
Basic Sum Assured : 1,00,000
Bonus 48x100x21 : 1,00,800
FAB 50x100 : 5,000
Total Maturity : 2,05,800

18. Total Premium Paid in 10yrs
5385x 15= 80,775
Total Maturity After 21yrs
= 2,05,800
I.R.R= 6.62%

19. PremiumCalculation:
For Age 30yrs, 836/25/16, SA 1 Lakh, Yearly
Tab Premium – 46.60
2% Rebate - 0.932
45.668
x 100 - 4566.80
Yearly Premium Rs.4567/-
Example
3

20. Maturity Benefit:
Basic Sum Assured : 1,00,000
Bonus 48x100x25 : 1,20,000
FAB 330x100 : 33,000
Total Maturity : 2,53,000

21. Total Premium Paid in 10yrs
4567x 16= 73,072
Total Maturity After 21yrs
= 2,53,000
I.R.R= 7.06%

22. UniqueSellingPoints:
Suitable for Education and Marriage
Short Term Commitment
Long Term Risk Cover
80C Tax Benefit (up to Rs.1.50 Lakhs)
Tax Free Maturity
Accident& Disability Cover up to 1 Crore
No Market Risk

24. Happy Selling
NvM
DevelopmentOfficer
City Branch – 8
ChennaiDivision –I
Voice:98401 90360