Index Plus is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite between Nifty 100 index fund and Nifty 50 index fund.Basic sum assured can be selected between 7 times annual premium and 10 times annual premium for age at entry less than 51 years. For age from 51 years 7 times annual premium is taken as sum assured.
Premium Payment Mode: Regular Premium(Yearly, Half Yearly, Quartery and monthly mode)
Term: 10 to 25 years
Minimum Age at Entry: 90 days completed
Maximum Age at Entry: 60 years
Maximum Cover Ceasing Age: 85 years for 7 times cover and 75 years for 10 times cover
Minimum Sum Assured: Annualised premium 30,000 if term is 15 and above and 48,000 below 15 years.
Maximum Sum Assured: No limit (Subject to other conditions)
Riders Available Accident death benefit
Accidental Death and Disability Benefit (ADDB): not available
On Death: Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival: Unit fund value is paid on policy holder surviving the term of the policy.
Surrender Value: Fund value available at the date of surrender (if surrendered after the lock in period)
Loan: No loan facility available
Income Tax Benefit: Available only for coverage option of 10 times the annualised premium.
Proposal Form Special proposal form applicable
More Details… or Call 9990286759