It is an Unit Linked Insurance Plan that is linked to the share market. It is a combination of Insurance and Investment. It offers different investment options. This plan can be taken for minimum 10 years and maximum for 20 years. Partial withdrawal is possible from 6th year onwards. This plan comes with DAB Rider.
Different Investment Options
Get the flexibility of investment by exercising desired investment option from various available options. Freedom to choose investment plan according to your risk appetizer.
Combination of Investment and Insurance
This plan offers benefits of both - Investment and Insurance. Having flexibility to choose your investment style offers keeps your money in safe hands upto desired extent. Get risk cover upto 10 times of the investment.
Switching between Funds Allowed
Switching between 4 funds (Balanced / Secured / Bonds / Growth) is allowed, 4 in a year are free. Enjoy four switches free for every policy year.
Advantages
Avail Tax benefit on premium paid
Tax Free Maturity Amount
Tension Free Claim Settlement
Eligibility Criteria:
Minimum | Maximum | ||
Entry Age | 30 days completed | 50 years (Nearer birthday) | |
Policy Term | 10 years | 20 years | |
PPT | Same as Policy Term | ||
Maturity age | 18 years Completed | 85 years nearest birthday | |
Premium | Mode | Amount | No limit |
Yearly | Rs. 42,000 | ||
Half-Yearly | Rs. 21,000 | ||
Quarterly | Rs. 10,500 | ||
Monthly (NACH) | Rs. 3,500 | ||
Premium Paying Modes | Yearly, Half Yearly, Quarterly, Monthly NACH |