A single premium plan where the policyholder pays the premium at the beginning of
the policy term. This is especially useful for those rural people who have a seasonal income.
Key features include:
Policy Term : 10 years
Coverage Limits : Minimum Death Benefit (Sum Assured): Rs.5,000/-
Maximum Death Benefit (Sum Assured): Rs.50,000/-
Death Benifit : Sum assured to the policyholder’s nominee
Maturity benefit : On survival, 125% of the single premium paid.
Tax Benefits and Age Eligibility
Premiums paid under this plan are eligible for tax benefits to the extent of 20% of Sum
Assured as per the Income Tax Act, 1961 and are subject to amendments made therein from time to time.*
Anyone between ages 18 and 60 can apply for this policy.
