Payment percentage of sum assured and time interval is as follows:
|Payment Time||Payment %|
|17th birthday of insured||20% of sum assured|
|18th birthday of insured||20% of sum assured|
|19th birthday of insured||20% of sum assured|
|20th birthday of insured||20% of sum assured|
|At Maturity||20% of sum assured along with total bonus|
The salient features of the plan are as follows:
Special features of the policy:
In this plan, insured can avail following riders up on payment of nominal additional premium.
Premium Waiver Benefit (PWB):
In case of untimely demise of the proposer within premium term, remaining premium will be waived.
Term Life Insurance (TLI) :
In case of availing term life insurance by the proposer, Basic sum assured will be paid to the nominee in the event of untimely demise of the proposer with in the policy period. To avail term life insurance, a separate proposal form is to be filled by proposer and separate policy file will be issued.
Discounts on sum assured:
|Sum assured||Discount per thousands|
|Below Rs 200000||No discount|
Discounts on payment mode:
Critical illness coverage is an optional rider which covers 11 critical illness throughout the premium paying term upon payment of nominal additional premium. Upon diagnosis of the critical illness, up to 50 lakh (Basic sum assured or 50 lakh, whichever is lower) will be paid to the insured after survival period of 30 days. There […]
The plan is a non-participating term assurance plan. It provides pre-decided sum assured to the beneficiary on death of the life assured during the policy period. To cover high risk in low premium is the specialty of this product. Salient Features: Minimum Age at Entry: 16 years (Nearer Birthday) Maximum Age at Entry: 65 Years […]