| ULIP (Unit linked insurance plan) |
| |
| ( Insurance Plan) |
The once in a lifetime financial solution for complete peace of mind. |
Your financial priority in life, being savings, protection or investment depends on the stage of life you in and as your life flows from one stage into the other your priorities change. To meet these constantly evolving needs you dont's have by different policies at every stage. |
A single policy that meets your changing needs over a lifetime. |
| |
| How do I start ? |
| There are investment mode Monthly Half Yearly and Yearly Whatever you invest first year you have to invest second year and upto three years. |
| |
| Minimum Age 0 Years |
| Maximum Age 60 Years |
| |
| Flexibility of Investment |
| You have the flexibility of an easy monthly investment option, Additionally you also have the flexibility of choosing from half-yearly and yearly investment option. |
| |
| Liquidity Option |
- Completely and partial withdrawal allowed after paying premium for 3 full years.
|
- No penalty on withdrawal after 3 years. If the premium has been paid for 3 years and a subsequent one is missed, the policy does not lapse.
|
- The life assured continues to be covered up to 70 years
|
| |
| Death Benifit |
The sum assured under the product would be a multiple of the Annual contribution. The minimum multiple in this plan would be 5 times the annual contribution of the premium. However, the minimum chosen sum assured at the inception should be Rs. 10,000/- |
In the unfortunate event of death, your close ones are spared an uncertain future. Our guararanted death benifit ensures that the nominee will receive the higher of death benefit chosen (less withdrawal) or value of the units. |
| |
| Tax Benefit |
- Save 10-30% tax every year as per the annual premium that your pay (Sec 80C).
|
- Withdrawals after three complete years of policy" TAX FREE" Sec 10 (10) D.
|
| |
| Choice of Three Investment Options |
| Protector, (Steady Income) - An investment option with investment in govt. securities and other money market instruments. |
| Maximiser, (Growth) - An investment option with investment in different industries like Oil & Gas, Chemical, Pharma, Telecom, Software, Shipping, textiles and many more. |
| Balancer - An investment option with investment 40% in Maximiser & 60% in Protector. |
| |
| Switch |
| Depending upon your changing requirement you can also switch between the investment options. Four switches are free in a year . |
| |
| Top up |
| Investment can be toped up 12 times in a year. |
| Minimum should be Rs. 5000/- |
| Can be done any time when surplus funds are available. |
| |
| Add On Rider (optional) |
| Accident and Disablity Rider. - If you are covered under this benifit and if death occurs as the result of an accident during the term of the policy, your benificiary shall receive an additional amount equal to the accident cover under the rider. |
| Critical Illness Rider - Nine conditions are covered under Critical Illness Rider: Major organ transplant, complete renal failure, stoke, Paralysisi, Heart attack, value replacement surgery, major surgery of the aorta, aoronary Artery graft Surgery (bypass). Cancer. |
| |
This plan is designed for people looking for opportunities to maximize savings through payment of regular premiums for a stipulated period, to fulfill long-term needs and protect their families.
|
| |
