As the name suggests, this plan helps you to achieve your life dreams as it is a protection and savings-oriented conventional participating life insurance product. Under this plan, you can reap more benefits if you pay higher premiums and invest for long-term savings. This plan is exclusively for women to offer additional GVB to promote more savings habits and independence for women.
Key Highlights:
In case of the unfortunate and untimely demise of the life assured within the policy period of an active policy, the nominee is entitled to receive the death benefit.
One can enjoy the maturity benefit which is Sum Assured on Maturity, Guaranteed Value Benefits, accrued Regular Additions net of encashment, Terminal bonus, in total.
Under this plan, you can receive the maturity benefit either as a lump sum amount or in installments to generate a regular flow of income, as per your choice.
This plan comes with a surrender benefit and loan facility.
Eligibility Criteria:
Parameters
Descriptions
Entry age
Minimum – 0 years to 6 years
Maximum – 45, 50, and 55 years
Age at maturity
Minimum – 18 years
Maximum – 70 years
Premium payment option
Limited pay
Premium payment term
5, 7, 10, and 12 years
Policy term
12, 15, 20, 25, and 30 years
Sum assured on death
Higher of (10 times Annualised Premium or PPT X Annualised Premium)
Premium payment frequency
Annual, half-yearly, and monthly
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