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

On Maturity, the Fund Value as on that date is paid to the policyholder

On death, higher of the Sum Assured net of any partial withdrawals made in the previous 2 years or the available Fund Value is payable to the nominee

Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act. The best SIP to invest aligns with both time horizon and financial planning.

Product Specification:

Minimum

Maximum

Entry Age (Nearest Birthday)

18 years

65 years

Maturity Age (Nearest Birthday)

75 years

Policy Term (PT) in years

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

30,000

No limit

Sum Assured

Single Pay – 1.25 * Single Premium for ages <=45 yrs. & 1.1* Single premium for ages >45 yrs.

No limit

Policy Details

Grace Period: grace period is not applicable under the plan

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 3.5% 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.