ULIP Plans

Plan starting from ₹1,000/month

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

Zero LTCG Tax^¶

In built life cover

Benefits

The insured will get the total Fund Value on Maturity

Maturity Proceeds can be availed in equal instalments post maturity over a period of 5 years through the Settlement Option

On death of the policyholder, higher of the Sum Assured net of partial withdrawals made 2 years prior to death or Fund Value or 105% of premiums paid is payable to the nominee if age attained was less than 60 years

If age attained was equal to or more than 60 years, higher of Sum Assured net of partial withdrawals made after age 58 years or Fund Value or 105% of premiums paid is payable

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

Product Specification:

Minimum

Maximum

Entry Age (Last Birthday)

45 years

70 years

Maturity Age (Last Birthday)

60 years

85 years

Policy Term (PT) in years

Premium Paying Term (PPT) in years

Single Pay

Single Premium

25,000

No limit

Sum Assured

110% of Single Premium

Policy Details

Grace period: no application of grace period in single pay plans

Policy termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

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.