Non-Linked, Non-Participating, Individual Savings Whole Life Insurance Plan
Guaranteed income equal to 10% of Sum Assured will be received as per the option selected. Income will start after the deferement period.
This product offers LifeTime Riskcover, in the Deferement Period as well as in the Income Period.
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Flexibility to select Sum Assured as per choice
Option 1 (Regular Income Benefit)
Option 2 (Flexi Income Benefit)
Flexibility to select Premium Payment Term from 5 years to 16 years
Eligibility Criteria
| Minimum | Maximum | |
| Age at Entry | 90 Days (completed) | 65 Years |
| Premium Paying Term | 5 yrs | 16 yrs |
| Sum Assured | 5 Lakhs | No Limit |
Deferment Period (from the end of the Premium Paying Term till the Income starts)
| PPT | Deferment Years |
| 5 yrs | 5 yrs |
| 6 yrs | 4 yrs |
| 7 yrs | 3 yrs |
| 8 yrs to 16 yrs | 2 yrs |
Option to withdraw the deferred income at any time once in a year
Optional Riders
Option to select Sum Assured
Option I – Regular Income Benefit equal to 10% of Basic Sum Assured
Option II –Flexi Income Benefit equal to 10% of Basic Sum Assured with an option to defer and accumulate the payouts @5.5% compounded interest. It can withdraw upto 75% of the balance fund once in a year with a written request.
Death Benefit (whichever is higher)
7 times of Annualised Premium or 105% of Total Premium Paid or Basic Sum Assured + Accrued Guaranteed Additions
Death Benefit can be taken in installments
Loan facility is available
