Life Insurance Plans

Life Insurance


Life insurance is an understanding between two parties, i.e. a policy maker and an insurer. The policy maker will make a promise to pay a deputed amount to the insurer during a case of emergency or death of the insurer based on a mutual contract between the two parties. The contract may or may not have clauses and conditions applied, based on which the funds will be released to the family when the situation arises.

Life Insurance Plans

Life Long Guaranteed Income Plan

Key Points

  • Minimum Age At Entry 8 & 29 years for Definite Income Option; 30 & 60 years for Whole of Life Income Option
  • Minimum Age at Maturity 18 & 39 years for Definite Income Option; 40 & 70 years for Whole of Life Income Option
  • Policy Term 10 years
  • Minimum Sum Assured on Death Rs. 2,40,000/-

Benefits

  • Pay for shorter period and enjoy long-term benefits
  • Get guaranteed income till 99 years of age
  • Return of total premiums paid at the end of the income benefit period
  • We have your back with continued life cover even if you miss paying a premium
  • Option to add Term Rider and Life Waiver of Premium Rider for enhanced benefits
  • Get tax benefits as per applicable tax laws

Mahajeevan Plus Plan

Key Points

  • Minimum Entry Age: 1 month (20 years policyterm) ; 3 years (15 years policy term)
  • Maximum Entry Age: 55 Years
  • Minimum Age at the end of plan term: 20 years old (for 20 years policy term); 18 years old (for 15 years policy term)
  • Maximum Age at the end of the plan term: 75 years old.

Benefits

  • Timely assured payouts.
  • Waiver of Premium on Death
  • Waiver of Premium on Accidental Total Permanent Disability or (diagnosis of) Critical Illness
  • Waiver of Premium on Death or Accidental Total Permanent Disability or Critical Illness

Life Little Champ Plan

Key Points

  • Age Eligibility : 21- 45 years
  • Premium Payment term : 7-14 years
  • Minimum Policy Term: 15 years
  • Maximum Policy Term: 25 years
  • Choose the right plan and Start Early

Benefits

  • Helps in wealth creation for a child'seducation.
  • Ensures financial security for your child.
  • Get an efficient blend of saving andinsurance.
  • Creates a corpus for a child's medicalneeds.
  • Power to realise your child's dream

Life Smart Pay Plan

Key Points

  • 8 years for policy term
  • Guaranteed sum assured at maturity
  • Terminal Bonus
  • Various tax benefites

Benefits

  • 10 Times of annualized premium
  • Absolute ammount assured
  • Minimum guarnteed sum
  • Sum assured on death + terminal bonus

Monthly Income Advantage Plan

Key Points

  • Minimum Age of the Life Insured at Entry 18 years
  • Maximum Age of the Life Insured at Entry - 08 Pay variant: 55 years; 12 Pay variant: 55 years; 15 Pay variant : 50 years;
  • Maximum Maturity Age of the Life Insured 8 Pay variant: 73 years; 12 Pay variant: 77 years; 15 Pay variant : 75 years
  • Shared Accommodation: 3 Lac to 15 Lac - Rs. 800; 20 Lac & 25 Lac - Rs. 1000 - Applicable for Rs 3 lac & above SIn

Benefits

  • Medical opinion will be made available directly to the insured; Provided on specific request made by the insured
  • Air Travel Expenses of one immediate family member reimbursed up to Rs. 5000
  • All day care procedures are covered (Actuals)

Saving Advantage Plan

Key Points

  • Single : 10 years
  • Limited Pay: 10 to 30 year subject to Policy Term being greater than or equal to Premium Payment
  • Term plus : 5 years
  • Regular Pay : 20 to 30 years

Benefits

  • Helps in wealth creation for a child'seducation.
  • Ensures financial security for your child.
  • Get an efficient blend of saving andinsurance.
  • Creates a corpus for a child's medicalneeds.
  • Power to realise your child's dream