A low cost insurance plan where the policyholder receives all the premiums paid during the policy term upon survival until the term of the policy. Premiums are payable for only 10 years, while the coverage is up to 15 years.
Key features include:
Policy Term : 15 years
Coverage Limits : Minimum Death Benefit (Sum Assured): Rs.5,000/-
Maximum Death Benefit (Sum Assured): Rs.50,000/-
Premium payment frequency : Monthly, quarterly, half yearly & yearly
Death Benifit : Sum assured is paid to the policyholder’s nominee
Maturity benefit : At the end of the 15 years, all the premiums paid will be returned to the policyholder.
Tax Benefits and Age Eligibility
Premiums paid under this plan are eligible for tax benefits as per the Income Tax Act,
1961 and are subject to any amendments made therein from time to time.*
Anyone between ages 18 and 60 can apply for this policy.
