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 Maturity the Guaranteed Sum Assured is payable

On death, the nominee gets higher of the basic SA or 10 times the annual premium subject to a minimum of 105% of all premiums paid till death

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

Product Specification:

Minimum

Maximum

Entry Age (Last Birthday)

8 years

60 years

Maturity Age (Last Birthday)

22 years

75 years

Policy Term (PT) in years

14 and 20

Premium Paying Term (PPT) in years

Half of policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

Depends on SA, age and term

Sum Assured

100,000

No limit

Policy Details

Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the plan after 3 full policy years provided the first years’ premium is paid in full. The Surrender Value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV).

GSV = (GSV Factor for premiums * total premiums paid)

SSV = (SSV Factor * Paid-up Sum Assured

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.