This is a with-profits whole of life plan which provides for annual survival benefit at a rate of 5½ % of the Sum Assured after the chosen Accumulation Period. The vested bonuses in a lump sum are payable on survival to the end of the Accumulation Period or on earlier death. Further, the Sum Assured, along with Loyalty Additions, if any, is payable on survival to age 100 years or on earlier death.
This unique policy is a perfect financial planning tool for your family. Your family stays financially protected for life.
You pay premiums for only a short period — onetime, 6, 10, 15 or 20 years.
And guess what!!! The policy then keeps paying you EVERY YEAR for your LIFETIME
- A unique blend of Whole Life + Money back plan
- Risk covered for whole life (up to age 100)
- Flexible premium term options — single, 6 , 10, 15 or 20 years
- Choice of accumulation periods — 10, 15 or 20 years. In this period the policy accrues the bonuses.
- All bonuses vested are paid in lump sum at the end of accumulation period.
- After accumulation period you get regular annual survival benefits of 5.5% of the sum assured
- GUARANTEED for LIFETIME.
- Risk cover continues for lifetime to the extent of sum assured + loyalty additions
- At the age of 100 you will also get the maturity amount which is equal to the sum assured + loyalty additions
- Riders available to customize this policy for your needs — Double Accident Benefit, Term Rider, Critical Illness and Premium Waiver Benefit
- Available in all modes to suit your premium payment convenience — Single, Yearly, Half Yearly, Quarterly, Monthly and SS
- Loan available after the policy acquires the surrender value.
- Premiums paid are eligible for Tax Benefits u/s 80C.
Further Info :
Participation in Profits:
Policies under this plan shall participate in profits of the Corporation. During the accumulation period policies shall be entitled to receive simple reversionary bonuses which will be payable on survival to the end of the accumulation period or on earlier death. After the accumulation period, policies will be entitled to receive a Loyalty Addition payable on maturity or earlier death. The amount of simple reversionary bonus and Loyalty Addition will depend on the experience of the Corporation.
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