Unique Features

Unique Features

Policy Term (PT)

• 15 or 20 or 25 years.
  

Premium Payment Term (PPT)

• 5 or 10 in case of 15 year plan,
• 5 or 10 or 15 in case of 20 year plan and
• 5 or 10 or 15 or 20 years in case of 25-year plan.
  

Bonus Accrual

• during the entire PT irrespective of the PPT chosen.
  

Sum Insured with accrued bonus

• on completion of the PT chosen or on death of the policyholder, should it occur early.
  

Premium payable

• only during the PPT chosen, stopping on death of the policyholder, should it occur earlier.
  

Income-Tax exemption

• on the premium paid upto Rs 1 Lakh Per annum along with other investments allowed under section 80 C of the I.T Act.
  

• On the claim amount received under section 10 (10D) of the same act, whatever be the bonus received.
  

Accident and Disability due to accident

• upto Rs 50 Lakhs not exceeding the sum insured against a small extra.
  

Policy loan

• available at 9.00 % per annum simple interest.
  

Term Rider and Critical Illness Rider

• available as add-on against an extra premium.
  

Available for investment

• by all Indian and Non-Resident Indian Investors in the age group of 12-60 years.
  

Most ideal

• in case you want to pay for a short duration and collect a lumpsum amount later when you are actually in need of funds.