PLAN HIGHLIGHTS
Features: –
1) Whole life assurance plan with 8% as a Survival Benefit after premium paying term.
2) Risk cover to life assured to the extent of 7 times of annualized premium OR Sum Assured on Maturity OR Absolute amount assured to be paid on death, i.e. Basic Sum Assured.
3) Limited Premium Payment Plan
4) Policy Term equal to 100 – age at entry of policy holder.
5) Options to choose Premium payment frequency from 15, 20, 25 and 30
6) ADDBR OR DAB rider, Term Assurance Rider and Critical Illness rider available for enhanced protection.
7) Income tax savings on Premiums Paid
8) With Profit plan with Reversionary Bonus and FAB
9) Customize Tax Free maturity.
10) Liquidity is available after 2 full years premium payment.
11) Option to take Death Benefit in installments.
Benefits: –
Death Benefit: – Risk cover to life assured to the extent of 7 times of annualized premium OR Sum assured on Maturity OR Absolute amount assured to be paid on death, i.e. Basic Sum Assured.
Survival Benefit: – 8% of Basic Sum Assured after premium paying term.
Maturity: Basic Sum Assured Plus Vested bonus plus F.A.B. (if any)
Other Features: –
Mode of Premium Payment: Yearly, Half Yearly, Quarterly and Monthly (Only NACH or SSS)
Surrender: S. V. is available after 2 full year’s premium payment. Surrender value will be higher of GSV or SSV.
Loan: After 2 full year premiums payment, 90% of S.V. for In-force Policies and 80% of S.V. for Paid-up policies.
Back Dating: The policies can be back dated within the same financial year.
Free Lookup: 15 days free lookup period.
Proposal Form: Revised Proposal Form No. 300, 340 and 360 shall be used under this plan.