This is what we offer with the plan
Lump sum on death and regular monthly income for 15 years assured
In case of your death due to any reason during the policy term your beneficiary receives 10% of your life cover as lump sum amount to cover their expense; in addition they will receive 0.50% of death benefit as monthly income for 15 years that increases by 7.5% every year on a compounding basis. The total benefit paid to your beneficiary will be 166% your life cover.
Additional Accidental Death Benefit at a nominal cost
You can take an additional Accidental Death Benefit at a nominal cost where your nominee will receive an additional payout in case of death due to accident.
Get Tax Benefits
Enjoy dual tax benefits under 80(C) and 10(10D) of the Income Tax Act, 1961.
Its how your plan will look like from begining to maturity
A new beginning
Mahesh is a 30 year old healthy male, non-smoker. He has taken a life cover of Rs. 1 crore up to 80 years of age to protect his family. He has to pay annual premium of Rs 16,980 (excluding taxes) for 50 years.
Always with you in adverse situations
At age of 55 years, Mahesh suffers from a massive heart attack and passes away. His wife gets a lumpsum of Rs. 10 lac
Loved ones are always secured
She also receives Rs 50,000 as the monthly income for the next 15 years that increases by 7.5% every year with a compounding effect.
Know the eligibility for this plan
