Product Summary :
This is Single Premium, Non-Linked, Non-Participating, Saving cum Life Assurance Plan.
Premium Payment Mode:
Single Premium
Sum Assured on Death Options:
Option 1: 1.25 times of Tabular Premium
Option 2: 10 times of Tabular Premium
Term / PPT :
10 /1 , 15 / 1
Age Range for Option1 :
8 to 60 for term 10 years
3 to 60 for term 15 years
Age Range for Option2 :
8 to 40 for term 10 years
3 to 35 for term 15 years
Minimum Sum Assured :
1,25,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Basic Sum Assured shall be in multiples of:
Rs. 50,000
Policy Benefits :
On Death :
Before Commencement of Risk:
Refund of Premiums paid excluding GST and extra Premium.
After Commencement of Risk: Sum Assured on Death opted + Guaranteed Additions
On Survival At Maturity Time :
Basic SA + Guaranteed Additions
Surrendered Value :
During first 3 years – 75% of Single Premium Thereafter – 90% of Single Premium (SV of Guaranteed Addition will also be paid)
Loan :
Loan facility shall be available under the plan.
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).
More Details… or Call 9990286759
