Protecting and saving for your tomorrow is one of those aspects where you would like your plan to be suitable for you and your family’s needs. How amazing would it be if we could create our own financial plan - where you could design it yourself!
Key Benefits
Flexibility: Decide if you want an income or lump sum or both
Choice of Income:
1. Choose to receive income from first month or after a fixed period based on your need
2. Decide if you prefer a level income or an increasing income
3. Choose if you want income for a limited term or up to 100 years of age
Protection: Protect your loved ones with a life cover throughout the policy term, up to 100 years
Premium payment term: Choice of paying premiums for 5, 6, 7, 8, 9, 10 and 12 years
Tax benefits: On premiums paid and benefits received as per prevailing tax laws.
|
Plan Benefits |
Premium Payment Term (PPT) |
Income Period (IP) |
Deferment Period (DP) |
Policy Term (PT) |
Min/ Max. Age at Entry |
Min/ Max. Age at Maturity |
|
Early Income |
5, 6, 7, 8, 9, 10, 12 |
IP = PT minus DP |
0 to 5 years |
Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100 |
With GPB: 18 to 55 years Without GPB: 0 to 60 years |
With GPB: Upto Age 85 years Without GPB: Upto age 100 years |
|
Deferred Income |
Limited Term: 10,15,20,25,30 Whole Life : till Age 85 till Age 100 |
Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100 |
||||
|
Increasing Income |
Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100 |
|||||
|
Wealth |
NA |
NA |
Limited Term: 10 to 45 years Whole Life: Upto Age 85 or 100 |
All ages mentioned above are age as on last birthday.
Risk cover (including for minor lives) will commence immediately on the date of commencement of risk in the policy. In the case of a minor life, the policy will vest on the life assured on the earlier of attainment of age 18 years age or maturity date.
For female lives, 2% markup will be available on Benefit Sum Assured.
Income Period will commence after the end of Deferment Period.
Minimum premium: Rs 25,000 p.a.
Maximum premium: No limit (subject to Board approved underwriting policy)
Minimum & maximum Sum Assured: 11 times of Annualised premium
Benefit Sum Assured (BSA) is derived basis Age, Product option, GPB, DP, PT, PPT, Income period and premium chosen by the Policyholder
Benefits will vary depending upon options chosen
Insurance is a subject matter of solicitation. Sharekhan Ltd. acts solely as a distributor of Life Insurance and does not underwrite risks or process claims. For detailed Insurance Disclaimer and other details, click here.
