If you want to secure your child’s future and/or safeguard your post-retirement days, this plan is ideal for you as it has not only come up with protecting benefits but also under this plan you can build up your financial corpus. This plan is flexible enough to allow you to choose the premium payment option as per your requirements.
Key Highlights:
This plan has offered guaranteed maturity benefit along with the life cover for the entire policy term.
Under this plan, one can also avail of the tax exemption benefits to the premiums paid, as per the prevailing income tax laws.
In case of unfortunate, untimely demise of the life assured during the policy term of an active policy, the death benefit will be paid by the company as the highest of,
Sum Assured on death plus accrued Guaranteed Additions and Bonuses
GMB plus accrued Guaranteed Additions and Bonuses
Minimum Death Benefit
This policy offers you the opportunity to revive your lapsed policy even if you do not pay the premiums within the grace period, subject to the terms and conditions of the insurer.
Eligibility Criteria:
Parameters
Descriptions
Policy variants
Limited pay, Regular pay
Entry age
Minimum – 0 years, Maximum – 60 years
Age at maturity
Minimum – 18 years, Maximum – 70 years
Premium payment term
Regular pay – Equal to the policy term
Limited pay – 5, 7, 10, and 12 years
Policy term
10 years to 30 years
Sum assured on death
10 times of annual premium Or 7 times of annual premium
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