Life Insurance
Life Insurance
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A Non-Participating, Non-Linked Savings Insurance Plan that offers secure future of family and shape up a legacy for them
- Life cover to protect the family’s future
- Steady retirement income with Life Long Income Option.2
- Guaranteed1 Benefit Payouts.
- Guaranteed Income for a fixed term of 10, 12, 25, 30 years or lifelong.
- Tax benefits as per prevailing tax laws.3
- Return of total Premium(s) paid at the end of Payout Period4.
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Maturity Benefit
Long Term Income Option
Guaranteed income for the fixed term of 25 or 30 years starting from (Policy Term+1)th year, in arrears upon payment of all due
Guaranteed Maturity Option
Equal to Guaranteed Sum Assured on Maturity plus accrued Guaranteed Additions.
Guaranteed Income Option
Guaranteed income for the fixed term of 10 or 12 years starting from (Policy Term+1)th year, in arrears upon payment of all due
Life Long Income Option
Guaranteed income up to age 99 years and a return of total Premium(s)paid at the end of Payout Period upon payment of all due premiums and Life Assured surviving the policy term.
Immediate Income Option
1. Survival Benefit: Get Cash Bonus1 (if declared) at the end of each Policy Year and payable from the 1st policy year until death or end of policy term, whichever is earlier.
2. Maturity benefit, Get Sum Assured on maturity2 + accrued cash bonus (if not paid earlier) + Interim Survival Benefit (if any)3 + Terminal bonus (if declared). On payment of the Maturity Benefit, the policy will terminate and no more benefits will be payable.
3. Death Benefit Get Sum Assured on Death 4 + accrued cash bonus (if not paid earlier) +Interim Survival Benefit (if any)3 + Terminal Bonus (if declared). On payment of Death Benefit during the policy term, the policy will terminate and no future payouts will be payable.
4. Minimum death benefit is 105% of total paid as on date of death. Upon the payment of the death benefit, the policy terminates and no further benefits are payable.