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This is a Money back policy with Limited premium payment, Non-linked, Conventional, with-profits plan.
Money Back is paid every 4th year with refund of entire premium paid on Maturity with Loyalty addition.
Eligibility Conditions & Restrictions | ||
---|---|---|
Minimum age | : | 15 years (Completed) |
Maximum age | : |
66 years for 9 years term 63 years for 12 years term 60 years for 15 years term |
Maximum maturity age | : | 75 years |
Premium term | : | 9 years / 12 years / 15 years |
Minimum Sum Assured | : |
Rs.35,000 for 9 years term Rs.50,000 for 12 years term Rs.70,000 for 15 years term |
Maximum Sum Assured | : | No limit |
Premium payment | : | Single premium |
Loan | : | Eligible after 1st year |
Surrender | : | Eligible with immediate effect |
On Death | : |
Sum Assured (1st five years) Sum Assured + Loyalty addition (After 5 years) |
Income Tax Benefits | : | Premium paid is eligible for Tax rebate u/s 80c |
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