Sum Insured with bonus accrued
- only on completion of Policy Term chosen, irrespective of whether the policyholder is alive or not
Waiver of further premium payable
- on death of the policyholder should it occur during currency of the policy.
Accident and Disability Benefit due to Accident
- upto Rs 50 lakhs but not exceeding the sum insured against a small extra.
Provision for loan
- against surrender value at 9.00% interest per annum.
Income-tax exemption
- upto Rs 1 lakh on the premium paid under section 80C of the I.T Act along with other investments allowed under the same section.
- On the Claim received under the plan either by way of survival benefit or bonus, whatever be the amount.
Premium payment Term (PPT) 5-25 years
- stopping at death of the policyholder, should it occur earlier.
Available for investment
- by all Resident and Non-Resident Indian Investors in the age group of 18-60 years.
Most suitable if you want funds to be released only on completion of the term chosen, whether you are there or not.
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