| ReAssure
Through the years, your hard work has yielded rich
dividends in the form of bonuses, performance packages and retirement monies. Now it is
time to invest prudently so that your future is safe and secure not only in terms of
returns, but also in terms of comprehensive protection. This plan is ideal for providing
you with a regular income along with protection for life.
It is a life insurance policy that lets you invest your money at one go and offers you the
benefit of regular income. Moreover it also offers protection to your family in the event
of your unfortunate death.
The policy is available for a term of 5 or 7 years. Starting from the end of the first
year of the policy, ICICI Pru ReAssure pays out between 8.55 and 9.05 per cent of the
single premium (depending on the premium amount) as survival benefits to the policyholder.
On maturity the entire amount of single premium is paid to you.
Therefore, ICICI Pru ReAssure combines the best of many worlds:
• Insurance cover from day one.
• Survival benefits starting from the second year.
• No proof of age, bank statements or any other documents required.
Additional benefits:
• If the insured person dies within a year of buying the policy, the nominee gets the
premium paid.
• If death occurs in the 2nd year, the nominee will receive 105 per cent of the
premium paid
plus the survival benefits.
• In the 3rd year, the nominee would receive 110 per cent plus the income paid out.
The money paid out will not be deducted from the death benefit.
Highlights
-Anyone in the age group of 18-60 years can apply.
Typically the policy comprises of a one-time lump sum
premium payment.
- You can choose a policy from a value ranging from Rs 50,000 all the way up to Rs 10
lakhs.
- It is an over-the-counter product, there are no documents to submit, no cumbersome
paperwork to deal with.
All you have to do is fill in the proposal form and make the one time premium
payment.
- The initial premium is eligible for tax exemption under IT Sec 88. The survival benefits
are completely tax-free.
- You have the option of surrendering in the event of you choosing to discontinue your
policy and so you do
not lose out on your benefits. |