This plan is ideal for people who desire to have periodic payouts to meet the financial need at different stages of life in addition to an insurance cover. This policy allows us to make provision for recurring expenses. Under this policy, a survival to maturity benefit is paid in installments in every 10th, 15th, 20th and 25th year depending on the term of the policy.
• On Death of Policy holder during the term of Policy
• On Survival
नीति अवधि | Payment Modes | Benefit as a Percentage of Sum Assured on Survival to (Years from Date of Commencement) | ||||
---|---|---|---|---|---|---|
10 Years | Single/8 Years | 25% SA in 3rd Year | 25% SA in 6th Year | 50% SA + Bonus in 8th Year | Fully Paid-up Term Insurance for 2 Years from 9th to 10th Year. | |
15 Years | Single/12 Years | 25% SA in 4th Year | 25% SA in 8th year | 50% SA + Bonus in 12th Year | Fully Paid-up Term Insurance for 3 Years from 13th to 15th Year. | |
20 Years | Single/16 Years | 20% SA in 4th Year | 20% SA in 8th Year | 20% SA in 12th Year | 40% SA + Bonus in 16th Year | Fully Paid-up Term Insurance for 4 Years from 17th to 20th Year. |
25 Years | Single/20 Years | 20% SA in 5th Year | 20% SA in 10th Year | 20% SA in 15th Year | 40% SA + Bonus in 20th Year | Fully Paid-up Term Insurance for 5 Years from 21st to 25th Year. |
• Loan Facility: After the policy acquires Surrender Value.
• Tax Benefits.
*Terms and conditions apply.
The benefits and coverage provided under this plan are determined by the terms and conditions outlined in the policy and rider documents. In the event of any dispute arising under this policy, resolution will be in accordance with the provisions of the Insurance Act of 2079.
First Policy Issue Date: 2017-12-14
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