Product Summary :
This is a non-par, non-linked, limited premium, savings Money Back Plan exclusively for female lives.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)
Term :
25 Years
Minimum Entry Age :
18 Year Completed
Maximum Entry Age :
50 Year (Nearest Birthday)
PPT :
7 to 15
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
No Limit
Guaranteed Additions @ 7% of the Total Tabular Annual Premium paid for the entire duration of policy term i.e. 25 years.
Policy Benefits :
On Death :
On death of the Life Assured during the policy term Sum Assured on Death shall be payable along with Accrued Guaranteed Additions for in-force policy, which is the highest of
* Basic Sum Assured; or
* Higher of 10 times of (Tabular Annual Premium multiplied by Modal Adjustment Factor); or
* 105% of all the premiums paid as on date of death.
The premium mentioned above excludes taxes, extra premium and rider premiums, if any.
On Survival :
A : 50% of Basic SA at end of PPT
B : 7.5% of Basic SA at the end of every 2 years
C : 15% of Basic SA at the end of every 4 years
On survival to the end of the policy term Basic Sum Assured along with Guaranteed Additions for in-force policy, if any,shall be payable.
Surrendered Value :
The policy can be surrendered at any time during the policy term provided atleast 1 full years premiums have been paid.
Guaranteed Surrender Value:
The Guaranteed Surrender Value shall be a percentage of total premiums paid (net of taxes) excluding any extra premiums and premiums for riders, if opted for. This percentage will depend on the policy term and policy year in which the policy is surrendered.
Loan :
Loan facility is available under this plan,after payment of premiums for at least 1 full years.
Income Tax Benefit :
* Premium paid under this plan is eligible for TAX rebate under section 80c.
* Maturity under this plan is free under sec 10(10D).
Proposal Form : 300/360 shall be used under this plan.
More Details… or Call 9990286759
