Investment Plans

Plan starting from ₹1,000/month

Save upto ₹46,800 in Tax under section 80C^{^}

Zero LTCG Tax^¶

In built life cover

Benefits

On death, under Option A, 5 times the Single premium is paid and under Option B, 10 times the Single premium is paid to the nominee

On maturity, guaranteed benefit of 2 * single premium for ages 18-35 yrs., 1.90 * single premium for ages 36-40 yrs. and 1.80*single premium for ages 41-45 years is paid under Option A

Under Option B, 1.86 * Single premium for ages 18-35 yrs. and 1.66*single premium for ages 36-40 years is paid

Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

Minimum

Maximum

Entry Age (Last Birthday)

18 years

45 years

Maturity Age (Last Birthday)

28 years

55 years

Policy Term (PT) in years

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

1000

5000

Sum Assured

5000

25,000

Policy Details

Grace Period: grace period is not applicable

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy from the 2^nd policy year. The Surrender Value will be calculated as a % of the Maturity Benefit ranging from 46% - 92% depending on the year of Surrender

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.