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 subject to a minimum of 105% of all premiums paid

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 (Nearest Birthday)

10 years

55 years

Maturity Age (Nearest Birthday)

70 years

Policy Term (PT) in years

10, 15, 20

Premium Paying Term (PPT) in years

Equal to policy term

Premium Payment Frequency

Yearly

Yearly Premium

12,000

No limit

Sum Assured

10 * Annual Premium

Policy Details

Grace Period: grace period of 30 days is allowed for payment of premium beyond which the policy will lapse

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.