Jeevan Adhaar can be offered to a person with a dependent who is a handicap, as per Section 80DDA of Income Tax Act, 1961.
It provides life insurance cover throughout the purchaser’s lifetime the benefits are for the handicapped dependent, a part of which is given in lump sum and a part as annuity. You may pay the premium in lump sum or on regular basis at regular intervals as opted by you at the time of taking the policy.
- Convenient options available for payment of premiums
- Guaranteed additions @ 100/ 1000 sum assured p.a. up to age of 65 years or till death, whichever is earlier.
- Tax benefits