Minimum : 18 years
Maximum : Endowment Option
- Regular Premium (RP) : 55 years
- Single Premium (SP) : 60 years
- Endowment with Whole Life option: 50 years (For both Single/Regular premium)
Shubu Nivesh at a Glance
Age at Entry
Maximum Age at Maturity
65 Years
Basic Sum Assured (in multiples of 1,000)
Minimum: ₹ 75,000
Maximum : No Limit, subject to Board approved underwriting policy
Policy Term
Minimum : Endowment Option
- 10 (RP) / 5 (SP) years
- Endowment with Whole life option 15 years (For both SP & RP)
Maximum : 30 years (Endowment Term)
Premium Frequency
Single Premium / Yearly / Half-yearly / Quarterly / Monthly*
Premium Paying Term
Single Premium / Regular Premium (Same as policy term)
Premium Frequency Loading
- Half-Yearly : 51.00% of annual premium
- Quarterly : 26.00% of annual premium
- Monthly : 8.50% of annual premium
Premium
| Minimum | Maximum |
|
Single Premium: ₹ 43,000 Yearly: ₹ 6,000 Half-Yearly: ₹ 3,000 Quarterly: ₹ 1,500 Monthly: ₹ 500
|
No Limit, subject to board approved |
