| Cash
Back
Be financially prepared for every personal milestone you
achieve. It can be for be your baby's education a few years down the lane or for your
teenaged children's university education. Here is a plan to meet your periodic financial
requirements with the added benefit of insurance protection.
It is a three in one plan that combines savings, liquidity and protection through the
following:
- Fixed term of 15 or 20 years
- Survival benefit payments at regular intervals
- Premiums are payable throughout the term of the policy
On the death of the life assured, the beneficiary will get the full sum assured, the
guaranteed additions and the vested bonuses.
You can opt for one or more of the following riders:
- Accident and disability benefit
- Critical illness benefit
- Major surgical Assistance
- Level term Insurance
Highlights
- You can apply if you are 16 years old and no older than
55 years. The minimum sum assured you should apply
for is Rs. 50,000.
- No loans are available under this policy.
- You can discontinue your policy after premiums are paid for three years. A
guaranteed surrender value is
payable to you, if you decide to terminate the policy after 3 years premiums
are paid. However, the insurance
protection provided under this policy will also cease.
- If the Life assured commits suicide whether sane or insane, within one year from
the date of commencement of
the policy, the policy shall be void and the premiums paid hereunder will be
refunded after deducting the
expenses incurred by the Company for the issue of the policy. |