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

Guaranteed Floor Rate @ 1% on Account Value every year

An Additional guaranteed Interest @ 4% p.a. is added in the first 5 years and thereafter the @ 0.5% p.a.

On death of the policyholder, higher of the Sum Assured or 105% of premiums paid including top-up premiums or total premiums paid including top-up premiums compounded @ 1% p.a. or the Account Value is paid through bank transfer

On Maturity, higher of total premiums paid including any top-up premiums net of any partial withdrawals compounded @ 1% p.a. till maturity or Accumulated Account Value will be paid through bank transfer

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

55 years

Maturity Age (Last Birthday)

65 years

Policy Term (PT) in years

10 and 15

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, monthly

Premium

1500

20,000

Sum Assured

10 * annual premium for ages<45 yrs. and 7* annual premium for ages>=45 yrs.

Policy Details

Grace Period: 30 days’ grace period is allowed for premium payment in all modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: the plan can be surrendered and the money withdrawn after 5 completed policy years. On Surrender within 5 years, the cover ceases but the minimum floor rate and guaranteed additional interest rate will continue to accumulate and after the completion of 5 years the account value will be paid. If surrendered after 5 years, the applicable account value will be paid

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.