Key Features

  • Savings: A lumpsum payment at the end of the policy term.

  • Protection: Life cover throughout the policy term, with an option to extend it till the age of 100 years.

  • Guaranteed additions: This refers to a percentage of the sum assured that is added in the first five years of the policy term.

  • Tax sops: The policy is eligilble for tax rebate under sections 80C and 10(10D) of the Income Tax Act 1961

 

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Benefits

  • Limited payment period: Despite been an Endowment Policy, the Policy Payment Term can be as short as five years.

  • Bonuses: Boost your maturity income with guaranteed additions, reversionary and terminal bonuses, if any.

  • Death Benefit: In event of demise, one of the three, whichever is higher is payable:  (1) The maturity benefit, (2) 10 times the annual premium and (3) 7 times the annual premium.

 

 

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