This plan from HDFC Life is meant for people wishing to build a corpus that would aid in a smoother financial scenario during retirement or help in a large planned expense. The life cover provided by the plan is an added bonus. The key advantages in opting for this plan can be mentioned in the following points -
1. Life cover is present throughout the policy term
2. Limited pay of premiums doesn't require policyholder to keep on investing throughout the policy term
3. Applicable tax benefits for life insurance policy can be availed as per Section 80C and 10(10D) of the Income Tax Act
4. Policy terms are available in three options and convenient enough to allow for a planned lump sum return
The key benefits under this policy can be explained as below -
1. Maturity Benefit - Paid once the policy reaches the maturity age, after the completion of the policy term, this amount can be paid to the policyholder or nominee. This amount includes the Sum Assured and if applicable, Simple Reversionary Bonuses and Terminal Bonus
2. Death Benefit - In case of the death of the insured life, Death Benefit will be payable to the nominee. Accrued Simple Reversionary Bonuses and Terminal Bonus if any, will also be payable. The base amount payable will be higher of 105% of all the premiums paid, 10 times annualised premium and sum assured
3. Surrender Benefit - In case 2 years' premiums have been paid for a paying term of 7 years and 3 years' premiums have been paid for a paying term of 10 years, the policy would acquire a Guaranteed Surrender Value and the same will be paid to the policyholder. In certain cases, the insurer may also pay an amount higher than the GSV
4. Tax Benefit - The contributions made towards the premiums of this policy can be tax deductible as per Section 80C and the received benefits can fall under Section 10(10D). Though these benefits are dependent on the prevailing tax laws
HDFC Life Sanchay, a non-participating life insurance plan. The plan comes with a lot of flexibilities in terms of choosing your investment option.
The key benefits under this policy can be explained as below-
Guaranteed benefits: A percentage of the sum assured is offered as guaranteed benefits after the end of each policy year. The guaranteed benefits are paid at maturity include
• Maturity benefits: The policy pays maturity benefits, provided it is in force till the end of policy tenure. The maturity benefits offered by HDFC LifeSanchay include: the basic sum assured plus accrued guaranteed additions.
• Loan: Policyholder can avail loan against this policy, provided the policy has acquired surrender value. HDFC Life Sanchay offers loans up to 80% of the surrender value.
• Death benefits: The nominee will receive all the death benefits offered by the policy, provided all due premiums have been cleared. As death benefits, the nominee will receive one of the followings: higher of sum assured, 10 times of annualized premium paid or 105% of the premiums paid, whichever is higher. Besides, the policy will pay the accrued guaranteed additions on death. The policy will terminate after paying all the benefits.
• Tax benefits: Get tax benefits on the premiums paid for you HDFC Life Sanchay Policy. Tax benefits are offered under section sections 80C & 10(10D) of the India Income Tax Act, 1961. However, these benefits are subject to change as per changes in tax laws.
The key benefits under this policy can be explained as below-
Guaranteed benefits: A percentage of the sum assured is offered as guaranteed benefits after the end of each policy year. The guaranteed benefits are paid at maturity include
• Maturity benefits: The policy pays maturity benefits, provided it is in force till the end of policy tenure. The maturity benefits offered by HDFC LifeSanchay include: the basic sum assured plus accrued guaranteed additions.
• Loan: Policyholder can avail loan against this policy, provided the policy has acquired surrender value. HDFC Life Sanchay offers loans up to 80% of the surrender value.
• Death benefits: The nominee will receive all the death benefits offered by the policy, provided all due premiums have been cleared. As death benefits, the nominee will receive one of the followings: higher of sum assured, 10 times of annualized premium paid or 105% of the premiums paid, whichever is higher. Besides, the policy will pay the accrued guaranteed additions on death. The policy will terminate after paying all the benefits.
• Tax benefits: Get tax benefits on the premiums paid for you HDFC Life Sanchay Policy. Tax benefits are offered under section sections 80C & 10(10D) of the India Income Tax Act, 1961. However, these benefits are subject to change as per changes in tax laws.
It’s always good to be prepared for all of life’s uncertainties that comes your way. To meet all of life’s expenses and to fulfill the needs of your family and loved ones. The HDFC SL ProGrowth Flexi - ULIP will help you do just that, this savings cum insurance unit linked plan gives you the ability to provide your family with the financial security they need in your absence .
The key benefits under this policy can be explained as below-
• You have the option to choose from the 2 benefits available:
1. Life Option will be equal to a Death Benefit
2. Extra Life Option will be equal to a Death Benefit with an additional benefit of Accidental Death Benefit
• Can have the flexibility to choose from a range of funds to invest:
1. Income Fund
2. Balanced Fund
3. Bluechip Fund
4. Opportunities Fund
The key benefits under this policy can be explained as below-
• You have the option to choose from the 2 benefits available:
1. Life Option will be equal to a Death Benefit
2. Extra Life Option will be equal to a Death Benefit with an additional benefit of Accidental Death Benefit
• Can have the flexibility to choose from a range of funds to invest:
1. Income Fund
2. Balanced Fund
3. Bluechip Fund
4. Opportunities Fund
A unit linked insurance plan offering life insurance coverage and options to invest in different funds based on the risk appetite of the policyholder. In addition to the life cover that the plan provides, it offers a choice of funds that can steadily add to the growth of investment.
The key benefits under this policy can be explained as below -
1. Maturity Benefit - Paid once the policy reaches the maturity age, after the completion of the policy term, this amount can be paid to the policyholder or nominee. This amount includes the fund value of all the balance units in the account
2. Death Benefit - In case of the death of the insured life, Death Benefit will be payable to the nominee. This will be less the withdrawals made by the policyholder made 2 years prior to the date of death or post 58 years of age as the case may be
3. Accidental Death Benefit - In case of an accidental death, the nominee would receive an additional sum assured along with the death benefit that is applicable
4. Surrender Benefit - Policy has a lock-in period of 5 years. If surrendered within the lock-in period, funds move to Discontinuance Policy Fund and get paid after 5 years are complete. In case surrender is done after 5 years, fund value is paid out immediately 5. Tax Benefit - The contributions made towards the premiums of this policy can be tax deductible as per Section 80C and the received benefits can fall under Section 10(10D). Though these benefits are dependent on the prevailing tax laws
The key benefits under this policy can be explained as below -
1. Maturity Benefit - Paid once the policy reaches the maturity age, after the completion of the policy term, this amount can be paid to the policyholder or nominee. This amount includes the fund value of all the balance units in the account
2. Death Benefit - In case of the death of the insured life, Death Benefit will be payable to the nominee. This will be less the withdrawals made by the policyholder made 2 years prior to the date of death or post 58 years of age as the case may be
3. Accidental Death Benefit - In case of an accidental death, the nominee would receive an additional sum assured along with the death benefit that is applicable
4. Surrender Benefit - Policy has a lock-in period of 5 years. If surrendered within the lock-in period, funds move to Discontinuance Policy Fund and get paid after 5 years are complete. In case surrender is done after 5 years, fund value is paid out immediately 5. Tax Benefit - The contributions made towards the premiums of this policy can be tax deductible as per Section 80C and the received benefits can fall under Section 10(10D). Though these benefits are dependent on the prevailing tax laws
ICICI Prudential Savings Suraksha Plan is a non linked life insurance policy that offers protection along with growth. The ICICI Prudential Life plan offers guaranteed maturity benefit along with various other benefits. The policy also provides the insured the flexibility to choose the premium payment option based on their requirement and payment capability.
Listed below are the benefits of ICICI Pru Savings Suraksha Plan
• Death benefit- Death benefit is paid to the nominee in case of unfortunate death of insured. Guaranteed maturity benefit or sum assured or minimum death benefit will be paid depending on which is the highest.
• Maturity benefit- maturity benefit is paid in form of guaranteed maturity benefit, vested reversionary bonuses, accrued guaranteed additions and terminal bonus.
• Surrender benefit- The policy will acquire surrender value only after 2 or 3 years of complete premium payment depending on whether the premium payment term is below or above 10 years.
• Tax benefit- The policy qualifies for tax benefits under section 80C of the Indian Income Tax Act, 1961.
• Loan facility- The policy qualifies for loan facility once it acquires the surrender value.
• The insured can choose the premium payment term, premium payment mode and sum assured as per their requirement.
Listed below are the benefits of ICICI Pru Savings Suraksha Plan
• Death benefit- Death benefit is paid to the nominee in case of unfortunate death of insured. Guaranteed maturity benefit or sum assured or minimum death benefit will be paid depending on which is the highest.
• Maturity benefit- maturity benefit is paid in form of guaranteed maturity benefit, vested reversionary bonuses, accrued guaranteed additions and terminal bonus.
• Surrender benefit- The policy will acquire surrender value only after 2 or 3 years of complete premium payment depending on whether the premium payment term is below or above 10 years.
• Tax benefit- The policy qualifies for tax benefits under section 80C of the Indian Income Tax Act, 1961.
• Loan facility- The policy qualifies for loan facility once it acquires the surrender value.
• The insured can choose the premium payment term, premium payment mode and sum assured as per their requirement.
The ICICI Prudential Future Perfect Plan is non-linked insurance plan. This ICICI Prudential Life Insurance Plan can help you achieve your goals of purchasing a flat, securing your children's future financial needs, going on your dream vacation, and eventually, living a peaceful life after retirement. This is an ideal savings and protection oriented plan. You can save with the comfort of guaranteed benefits, additions, and bonuses. You get life cover for the entire policy term. You also get to choose the premium payment term, the frequency and the policy term.
Let's look at some of the major benefits of this plan:
1,Safety of Capital protection to ensure your investment is safe.
2, It offers life cover to protect your loved ones in your absence.
3, Guaranteed additions* and bonuses^ offered by the company from the very first year.
4, Tax benefits to add to your savings.
Let's look at some of the major benefits of this plan:
1,Safety of Capital protection to ensure your investment is safe.
2, It offers life cover to protect your loved ones in your absence.
3, Guaranteed additions* and bonuses^ offered by the company from the very first year.
4, Tax benefits to add to your savings.
ICICI Prudential Cash Advantage is a unique plan that allows you to save as well as offers protection. Under this policy, you get a guaranteed amount every month for a period of 10 years and life cover that protects your family in your absence. The plan also entitles the policyholder to a guaranteed lump sum at maturity, along with bonuses,
Death Benefit: On death of the Life Assured under the ICICI Pru Cash Advantage Plan, Death Benefit is payable to the nominee, irrespective of the Guaranteed Cash Benefits. It is paid either as Sum Assured plus bonuses, or GMB plus bonuses, or Minimum Death Benefit, whichever is higher. Minimum Death Benefit is equivalent to 105% of total premiums paid.
Maturity Benefit: On maturity of policy, ICICI grants the policyholder the Maturity Benefit, provided all premiums are paid on time. It is either Guaranteed Maturity Benefit plus terminal bonus or vested reversionary bonuses, if any, or 100.1% of total premiums paid less GCBs, whichever is higher.
Loan Benefit: ICICI allows you to avail loans under this policy once it acquires a surrender value. You can take up to 80% of the surrender value as loans. In case, the policyholder availing a loan fails ro repay it by the specified date, the policy is foreclosed.
Death Benefit: On death of the Life Assured under the ICICI Pru Cash Advantage Plan, Death Benefit is payable to the nominee, irrespective of the Guaranteed Cash Benefits. It is paid either as Sum Assured plus bonuses, or GMB plus bonuses, or Minimum Death Benefit, whichever is higher. Minimum Death Benefit is equivalent to 105% of total premiums paid.
Maturity Benefit: On maturity of policy, ICICI grants the policyholder the Maturity Benefit, provided all premiums are paid on time. It is either Guaranteed Maturity Benefit plus terminal bonus or vested reversionary bonuses, if any, or 100.1% of total premiums paid less GCBs, whichever is higher.
Loan Benefit: ICICI allows you to avail loans under this policy once it acquires a surrender value. You can take up to 80% of the surrender value as loans. In case, the policyholder availing a loan fails ro repay it by the specified date, the policy is foreclosed.
ICICI Prudential iProtect Smart Plan is a life cover plan that offers coverage against disability, terminal illness, and death. With premiums starting from Rs.2,400 p.a., the plan comes with comprehensive additional benefits such as 5 Benefit. The iProtect Smart Plan also offers exclusive benefits for women and non-tobacco users, such as special premium rates, coverage against female organ cancers. The plan acts as a 360 degree protection for your family in your absence as it provides payout to your family in your absence or covers you against 34 major illnesses including kidney failure, heart attack, and cancer, etc. Additionally, the ICICI PruiProtect Smart Plan also comes with tax benefits on received benefits and premiums, as per the current tax laws.
Benefits in detail:
Life Option: The legal heir or the nominee of the assured get the Death Benefit in case of either the death of the Life Assured or diagnosis of a terminal illness. The sum assured is given as the Death Benefit, post which the policy is considered terminated. Upon diagnosis of permanent disability caused by an accident, the pending premiums to be paid in the future are waived as it becomes a burden to continue paying premiums owing to disability.
Life Plus Option: Under this option, the assured is also covered for Accidental Death Benefit, apart from the benefits under the Life Option. In case the assured loses his or her life due to an accident, the nominee or the legal heir gets the Accidental Death Benefit as lump sum. This benefit allows you to upgrade your cover at an affordable price. Upon payment of the benefits, the policy is terminated.
Life and Health Option: Adding to the benefits under Life Option, Life and Health Option provides coverage for critical illness. Under this option, you can avail coverage against up to 34 critical illnesses as Critical Illness (CI) Benefit. ICICI Prudential helps you bear the burden of sudden medical expenses in case of a critical illness as it provides you the CI benefit as a lump sum. The benefit amount does not depend on the actual expenses incurred by the assured. The benefit is paid on first occurrence of any of the 34 illnesses covered. However, the Death Benefit will continue in the policy, reduced by the extent of the CI Benefit paid.
All in One Option: This option gives you cover for Critical Illness Benefit as well as Accidental Death Benefit in addition to the benefits under Life Option.
Benefits in detail:
Life Option: The legal heir or the nominee of the assured get the Death Benefit in case of either the death of the Life Assured or diagnosis of a terminal illness. The sum assured is given as the Death Benefit, post which the policy is considered terminated. Upon diagnosis of permanent disability caused by an accident, the pending premiums to be paid in the future are waived as it becomes a burden to continue paying premiums owing to disability.
Life Plus Option: Under this option, the assured is also covered for Accidental Death Benefit, apart from the benefits under the Life Option. In case the assured loses his or her life due to an accident, the nominee or the legal heir gets the Accidental Death Benefit as lump sum. This benefit allows you to upgrade your cover at an affordable price. Upon payment of the benefits, the policy is terminated.
Life and Health Option: Adding to the benefits under Life Option, Life and Health Option provides coverage for critical illness. Under this option, you can avail coverage against up to 34 critical illnesses as Critical Illness (CI) Benefit. ICICI Prudential helps you bear the burden of sudden medical expenses in case of a critical illness as it provides you the CI benefit as a lump sum. The benefit amount does not depend on the actual expenses incurred by the assured. The benefit is paid on first occurrence of any of the 34 illnesses covered. However, the Death Benefit will continue in the policy, reduced by the extent of the CI Benefit paid.
All in One Option: This option gives you cover for Critical Illness Benefit as well as Accidental Death Benefit in addition to the benefits under Life Option.
This is a non-linked, non-participating endowment assurance plan which comes with guaranteed payouts. What makes the Tata AIA Life Insurance Gold Income Plan special is that it not only offers a lump sum amount at the maturity of the plan but it also gives guaranteed payouts during the term of the policy. These regular payouts help policyholders to take care of their expenses like paying education fees, medical expenses, planning retirement, or building a house. If you are someone who is looking for insurance coverage and wealth maximisation option, Tata AIA Life Insurance Gold Income Plan is the ideal plan for you.
The benefits of Tata AIA Life Insurance Gold Income Plan are listed below:
• The plans provide insurance coverage that offers flexibility as well as a choice of payment options, making it affordable for policyholders to make their premium payments on time.
• The savings plans provide risk cover that is comprehensive, giving policyholders complete protection at a nominal cost.
• The plans offer the policyholder financial security, ensuring his/her dependents will be taken care of in the event of the policyholder's untimely demise.
• Policyholders can avail tax benefits based on existing tax laws and provisions.
• Guaranteed maturity benefit starting from 12% of basic sum assured
The benefits of Tata AIA Life Insurance Gold Income Plan are listed below:
• The plans provide insurance coverage that offers flexibility as well as a choice of payment options, making it affordable for policyholders to make their premium payments on time.
• The savings plans provide risk cover that is comprehensive, giving policyholders complete protection at a nominal cost.
• The plans offer the policyholder financial security, ensuring his/her dependents will be taken care of in the event of the policyholder's untimely demise.
• Policyholders can avail tax benefits based on existing tax laws and provisions.
• Guaranteed maturity benefit starting from 12% of basic sum assured
We do our best to take care of all our family's needs and try our best to ensure financial security of our family from uncertainties of life. Term plans undoubtedly are the best way of shield our family from financial crisis in case of an unfortunate event.
Presenting "TATA AIA Life Insurance SampoornaRaksha+" a plan that not only protects you from uncertainties of life but also gives you return of premiums paid on survival till maturity of the Policy.
What's more...You may opt to receive either a Lump Sum benefit on Death or Lump Sum benefit on Death and Monthly Income for next 10 years.
Key Features • Flexibility to choose between two Death Benefit options:
1 "Sum Assured on Death" as Lump Sum benefit on Death
2 "Sum Assured on Death" as Lump Sum benefit on Death and Monthly Income for next 10 years
Return of Premium1 – in case of survival till maturity
Life Cover for Policy Term of up to 40 years or up to Age 100 years
Choice of Regular or Limited (5/ 10/ 12 Years) Premium Paying Term
Lower premium rates for female lives2 and Standard premium rates for non-smokers
Enhance your protection with Optional Rider3
Large Sum Assured discount for Higher Coverage
Receive tax benefits4 u/s 80C and 10(10D), as per the applicable Income Tax law
Key Features • Flexibility to choose between two Death Benefit options:
1 "Sum Assured on Death" as Lump Sum benefit on Death
2 "Sum Assured on Death" as Lump Sum benefit on Death and Monthly Income for next 10 years
Return of Premium1 – in case of survival till maturity
Life Cover for Policy Term of up to 40 years or up to Age 100 years
Choice of Regular or Limited (5/ 10/ 12 Years) Premium Paying Term
Lower premium rates for female lives2 and Standard premium rates for non-smokers
Enhance your protection with Optional Rider3
Large Sum Assured discount for Higher Coverage
Receive tax benefits4 u/s 80C and 10(10D), as per the applicable Income Tax law
is a limited premium paying non-linked, non-participating endowment assurance plan that not only offers protection but also offers all the benefits of a saving product. The plan offers guaranteed maturity benefit for a short premium payment term.
Listed below are the benefits of Tata AIA Life Insurance Fortune Guarantee
• Death Benefit- In case of death of the insured during the policy term, the nominee will receive death benefit which is sum assured+105% of the premiums paid+maturity sum assured.
• Maturity benefit- The policy offers maturity benefit at the end of the policy which is maturity benefit factor multiplied by total premiums paid. It is important to remember that the maturity benefit offered depends on various other factors such as the age of the insured, gender and the annualised premium band.
• Loan facility- One can avail loan facility up to 65% of the surrender value once the policy acquires surrender value.
• Tax benefit- The policy qualifies for tax benefits under section 80C of the Income Tax Act, 1961.
• Additional rider- The Tata AIA Savings policy offers additional rider which will help enhance the cover of the policy.
• Plan can be purchased online.
• Offers the double benefit of savings and protection.
Listed below are the benefits of Tata AIA Life Insurance Fortune Guarantee
• Death Benefit- In case of death of the insured during the policy term, the nominee will receive death benefit which is sum assured+105% of the premiums paid+maturity sum assured.
• Maturity benefit- The policy offers maturity benefit at the end of the policy which is maturity benefit factor multiplied by total premiums paid. It is important to remember that the maturity benefit offered depends on various other factors such as the age of the insured, gender and the annualised premium band.
• Loan facility- One can avail loan facility up to 65% of the surrender value once the policy acquires surrender value.
• Tax benefit- The policy qualifies for tax benefits under section 80C of the Income Tax Act, 1961.
• Additional rider- The Tata AIA Savings policy offers additional rider which will help enhance the cover of the policy.
• Plan can be purchased online.
• Offers the double benefit of savings and protection.
Tata AIA Life Guaranteed Monthly Income Plan claims to offer the longest duration of 24 years (288 months) of assured tax-free monthly income. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the all the premiums paid.
This product caters to life-stage financial goals like retirement needs and children's education expenses. The policyholder has the option to choose a premium paying term/policy term of either of 5/ 8/ 12 years, which subsequently offers an income term of 10/16/24 years.
A guaranteed monthly income is payable in arrears during the Income Term, starting from the end of 1st month after the end of Policy Term.
What is Guaranteed Monthly Income
The words 'Guaranteed Monthly Income' mean that a percentage of total premiums paid, depending on the age at entry and the chosen policy term.
It is payable in arrears for 10, 16 and 24 years for a policy term of 5, 8 and 12 years respectively, starting from the end of the 1st month after the end of Policy Term.
This product caters to life-stage financial goals like retirement needs and children's education expenses. The policyholder has the option to choose a premium paying term/policy term of either of 5/ 8/ 12 years, which subsequently offers an income term of 10/16/24 years.
A guaranteed monthly income is payable in arrears during the Income Term, starting from the end of 1st month after the end of Policy Term.
What is Guaranteed Monthly Income
The words 'Guaranteed Monthly Income' mean that a percentage of total premiums paid, depending on the age at entry and the chosen policy term.
It is payable in arrears for 10, 16 and 24 years for a policy term of 5, 8 and 12 years respectively, starting from the end of the 1st month after the end of Policy Term.
The Guaranteed Money Back Plan offered by Reliance Life Insurance Company provides you guaranteed money back benefits at regular intervals. With the reliance Guaranteed Money Back plan, you can easily fulfil you and your family's financial needs. Apart from offering guaranteed money back, the plan also safeguards your savings. In your absence, it will take care of your family members by waiving all future premiums. The Reliance Guaranteed Money Back plan is a non-participating, non-linked money back plan. You can utilize the fund received from this policy to pay off your debts, fund your children's education, arrange pleasure trips, buying gifts for your near and dear ones etc.
The Reliance Guaranteed Money Back plan offers you the following benefits:
• You can avail tax benefits on your investment and on returns as per the existing income tax laws.
• Enjoy guaranteed money back benefits during the last 5 policy years.
• The policy offers up to 40% of the total sum assured as guaranteed loyalty additions.
• Get up to 20% of the sum assured as guaranteed maturity addition when the polity matures.
• The policy offers extensive life cover which is 10 time of your annualized premiums for the complete policy term.
• In case of accidental death, the policy offers additional life cover which is equal to the total sum assured.
• The policy also offers premium waiver benefits. All future premiums are waived following the death of the policyholder. The guaranteed benefits continue to exist, provided the policy is in force and all premiums are paid till the date of death.
The Reliance Guaranteed Money Back plan offers you the following benefits:
• You can avail tax benefits on your investment and on returns as per the existing income tax laws.
• Enjoy guaranteed money back benefits during the last 5 policy years.
• The policy offers up to 40% of the total sum assured as guaranteed loyalty additions.
• Get up to 20% of the sum assured as guaranteed maturity addition when the polity matures.
• The policy offers extensive life cover which is 10 time of your annualized premiums for the complete policy term.
• In case of accidental death, the policy offers additional life cover which is equal to the total sum assured.
• The policy also offers premium waiver benefits. All future premiums are waived following the death of the policyholder. The guaranteed benefits continue to exist, provided the policy is in force and all premiums are paid till the date of death.
With the Reliance Super Money Back plan, you can receive assured and steady income. The plan provides enhanced security to you and your family members as and when you need. The guaranteed monthly income offered by the plan increases every year. The Reliance Super Money Back plan takes care of your near and dear ones even in your absence by providing necessary coverage. The plan helps you renovate your house, plan your vacation, pay off your children's school fees and plan for your retirement. Also, you can fulfill your investment goals with this plan
The Reliance Super Money Back Plan offer the following key benefits:
• The policy offers guaranteed liquidity which includes money back benefits at maturity at the end of every 5 policy years. • It also offers loyalty additions by using which you can improve your savings. Loyalty additions will be payable at the end of premium payment term.
• You can avail maturity benefits under this plan. It pays the maturity benefits at the end, provided the policy is in force till the end and all premiums are paid.
• The plan provides enhanced protection to your family members by offering higher life cover which is 10 times of your annualized premiums for the whole policy tenure.
• You will receive 1% of the total sum assured or paid-up sum assured as regular monthly payouts in the first payout year. Going forward, your monthly payouts will increase by 0.25% in the coming years. You will receive these payout benefits till the end of your policy term or death, which is earlier. • As per the Indian Income Tax Act, 1961, you can enjoy tax benefits on the premiums paid for the Reliance Super Money Back plan. These tax benefits are subject to change based on tax laws prevailing during the time paying premium
The Reliance Super Money Back Plan offer the following key benefits:
• The policy offers guaranteed liquidity which includes money back benefits at maturity at the end of every 5 policy years. • It also offers loyalty additions by using which you can improve your savings. Loyalty additions will be payable at the end of premium payment term.
• You can avail maturity benefits under this plan. It pays the maturity benefits at the end, provided the policy is in force till the end and all premiums are paid.
• The plan provides enhanced protection to your family members by offering higher life cover which is 10 times of your annualized premiums for the whole policy tenure.
• You will receive 1% of the total sum assured or paid-up sum assured as regular monthly payouts in the first payout year. Going forward, your monthly payouts will increase by 0.25% in the coming years. You will receive these payout benefits till the end of your policy term or death, which is earlier. • As per the Indian Income Tax Act, 1961, you can enjoy tax benefits on the premiums paid for the Reliance Super Money Back plan. These tax benefits are subject to change based on tax laws prevailing during the time paying premium
The Reliance Increasing Income Insurance plan is a non-linked and non-participating life insurance plan. The plan provides guaranteed monthly income which increases every year so that you can meet your growing financial needs. With the help of this plan, you can to you and your family, protect yourself against rising cost and fulfill your dreams.
Benefits of Reliance Increasing Income Insurance Plan:
The Reliance Increasing Income Insurance plan comes with the following major benefits:
• It offers higher and regular monthly incomes which grows every year. Also, you can get a lump-sum amount at maturity.
• Get guaranteed monthly income at the end of your premium paying term following the survival of the life assured.
• At maturity, the policy offers maturity benefits, provided the policy is in force and the life assured is alive. The maturity benefit offered by the policy is equal to 2 times of the basic sum assured.
• In case, the policyholder dies, the designated nominee will receive the death benefits, provided all premiums are cleared and the policy is active
Benefits of Reliance Increasing Income Insurance Plan:
The Reliance Increasing Income Insurance plan comes with the following major benefits:
• It offers higher and regular monthly incomes which grows every year. Also, you can get a lump-sum amount at maturity.
• Get guaranteed monthly income at the end of your premium paying term following the survival of the life assured.
• At maturity, the policy offers maturity benefits, provided the policy is in force and the life assured is alive. The maturity benefit offered by the policy is equal to 2 times of the basic sum assured.
• In case, the policyholder dies, the designated nominee will receive the death benefits, provided all premiums are cleared and the policy is active
The Future Income insurance plan offered by Reliance Life Insurance helps to secure the future by allowing additional income. Along with , the Reliance Nippon Life Future Income scheme offers great flexibility while choosing the term for investment and payment mode. The policyholder can select the options as per his/her convenience. The premiums that accumulate every year are given as payouts to the policy holder’s family for helping them with their growing financial requirements.
Benefits of Reliance Life Future Income:
• Income Benefit – In case the life insured survives, and provided the policy is still in force and the entire premium payment is cleared, the insured will be getting an Income Benefit after the end of every policy year. This happens after the premium payment term. The base assured sum along with reversionary bonus multiplied the income benefit factor is equal to the income benefit. The IB factor is provided below as the percentage of the Bass Assured Sum along with the vested Reversionary Bonus:
• Maturity Benefit – If the insured individual survives till the end of the policy term and the policy is still in force, then the insured will receive terminal bonus and last installment of the income benefit.
Benefits of Reliance Life Future Income:
• Income Benefit – In case the life insured survives, and provided the policy is still in force and the entire premium payment is cleared, the insured will be getting an Income Benefit after the end of every policy year. This happens after the premium payment term. The base assured sum along with reversionary bonus multiplied the income benefit factor is equal to the income benefit. The IB factor is provided below as the percentage of the Bass Assured Sum along with the vested Reversionary Bonus:
• Maturity Benefit – If the insured individual survives till the end of the policy term and the policy is still in force, then the insured will receive terminal bonus and last installment of the income benefit.
Bajaj Allianz Life Insurance Company Ltd., one of India’s leading private life insurer, is working towards providing apt life insurance covers for Indians across the social spectrum. Today, the company launched a Point of Sale or POS life insurance product: Bajaj Allianz Life POS Goal Suraksha, for customers looking to achieve their life goals through low premium insurance products. Keeping the customer segment in mind, the product comes for premium as low as INR 450 per month. Thereby, providing life cover at affordable premium.
Other key advantages of Bajaj Allianz Life POS Goal Suraksha include, a Guaranteed Sum Assured on maturity plus Guaranteed Additions on maturity, if all premiums are paid. The product is available for a tenure of 10 years and an even shorter premium payment term of 7 years. It comes with the benefit of availing a loan, and the flexibility to alter the premium payment mode.
Other key advantages of Bajaj Allianz Life POS Goal Suraksha include, a Guaranteed Sum Assured on maturity plus Guaranteed Additions on maturity, if all premiums are paid. The product is available for a tenure of 10 years and an even shorter premium payment term of 7 years. It comes with the benefit of availing a loan, and the flexibility to alter the premium payment mode.
Bajaj Allianz Life Income Assure Planis a non-linked, participating, limited premium payment, monthly income scheme. The key features of the plan include the provision of a guaranteed monthly income to the life assured. The plan is also available in 2 life cover variants, i.e., Income and Assure.
The life assured gets to choose from 4 policy terms, based on his/her insurance requirements. The plan offers bonuses to enhance the savings of customers. The insurance coverage can also be amplified through the use of riders that can be purchased from Bajaj Allianz at an additional nominal cost. Similar to most of the insurance policies offered by the company, the Bajaj Allianz Life Income Assure Plan also provides reduced rates of premium for female customers.
The Bajaj Allianz Life Income Assure Plan works in the following manner:
• The customer first selects the Guaranteed Monthly Income. This value will remain fixed throughout the term of the policy.
• The life cover variant, i.e., Income or Assure, is chosen next.
• The customer then chooses the premium payment term and premium payment frequency.
• After the life cover variant is selected at policy inception, it cannot be changed during the tenure.
• The premium for the policy varies based on the chosen Guaranteed Monthly Income, age of the customer, gender, life cover variant, premium payment frequency, and premium payment term.
The life assured gets to choose from 4 policy terms, based on his/her insurance requirements. The plan offers bonuses to enhance the savings of customers. The insurance coverage can also be amplified through the use of riders that can be purchased from Bajaj Allianz at an additional nominal cost. Similar to most of the insurance policies offered by the company, the Bajaj Allianz Life Income Assure Plan also provides reduced rates of premium for female customers.
The Bajaj Allianz Life Income Assure Plan works in the following manner:
• The customer first selects the Guaranteed Monthly Income. This value will remain fixed throughout the term of the policy.
• The life cover variant, i.e., Income or Assure, is chosen next.
• The customer then chooses the premium payment term and premium payment frequency.
• After the life cover variant is selected at policy inception, it cannot be changed during the tenure.
• The premium for the policy varies based on the chosen Guaranteed Monthly Income, age of the customer, gender, life cover variant, premium payment frequency, and premium payment term.
Securing the financial needs of our loved ones is a primary concern for most of us, with the unpredictability surrounding life making it necessary to invest in a good plan. is a specialised product which offers an insurance cover to ensure that the future of your family is secure, regardless of what happens in life. This is a participating, non-linked endowment plan which offers peace of mind and financial stability to individuals.
Some of the benefits of Future Generali New Assure Plus are listed below.
• Flexibility – Individuals can choose a policy term which matches their needs, having additional flexibility in terms of premium payment modes, premium payment terms and the amount they wish to invest every year.
• High sum assured – One can avail cover to the tune of Rs 5 crore under this policy.
• Tax benefits – Policyholders are entitled to tax benefits under Section 80C of the Income Tax Act.
• Maturity benefits – A equivalent to the sum assured plus all accrued bonuses will be paid once the policy completes its term.
• Death benefit – In the event of unfortunate demise of a policyholder during the policy term, his/her nominee will receive a death benefit comprising the death sum assured and all bonuses accrued.
• Bonus – Each policy is eligible to earn a bonus, thereby offering higher returns
Some of the benefits of Future Generali New Assure Plus are listed below.
• Flexibility – Individuals can choose a policy term which matches their needs, having additional flexibility in terms of premium payment modes, premium payment terms and the amount they wish to invest every year.
• High sum assured – One can avail cover to the tune of Rs 5 crore under this policy.
• Tax benefits – Policyholders are entitled to tax benefits under Section 80C of the Income Tax Act.
• Maturity benefits – A equivalent to the sum assured plus all accrued bonuses will be paid once the policy completes its term.
• Death benefit – In the event of unfortunate demise of a policyholder during the policy term, his/her nominee will receive a death benefit comprising the death sum assured and all bonuses accrued.
• Bonus – Each policy is eligible to earn a bonus, thereby offering higher returns
We often come across products which promise to offer great returns, but in most cases these do not fulfil what they promise. Future Generali Assured Money Back Plan is a non-linked, non-participating plan which delivers on its name, offering guaranteed returns on an investment. Designed to provide financial freedom and flexibility to individuals, this is an ideal investment to prepare yourself for any incident which life throws your way.
Benefits/Advantages of Future Generali Assured Money Back Plan
• High sum assured – Policyholders can choose a sum assured which matches their expectations and financial position.
• Limited premiums – Policyholders enjoy cover for the entire policy term by paying premiums for a limited period.
• Assured money back – Policyholders receive 10% of the sum assured for 9 consecutive years after they pay all premiums.
• Maturity benefit – Policyholders are eligible to earn a maturity benefit equivalent to 110% of the sum assured chosen by them. This amount will be paid once the policy term is completed.
• – Individuals are covered for the entire policy period, despite paying only limited premiums.
• Flexibility – Policyholders have flexibility in terms of choosing the policy term and the premium payment frequency. They are also eligible to modify their payment mode, subject to certain conditions.
• Death benefit – In the event of demise of a policyholder, a death benefit will be paid to his/her nominee. This death benefit will be the highest of either 110% the sum assured, 105% of all premiums paid or 10 times the annualised premium.
• Tax benefits – Policyholders are eligible for tax benefits under Section 80C of the Income Tax Act. Any other tax benefits which are applicable at a given time can also be claimed.
Benefits/Advantages of Future Generali Assured Money Back Plan
• High sum assured – Policyholders can choose a sum assured which matches their expectations and financial position.
• Limited premiums – Policyholders enjoy cover for the entire policy term by paying premiums for a limited period.
• Assured money back – Policyholders receive 10% of the sum assured for 9 consecutive years after they pay all premiums.
• Maturity benefit – Policyholders are eligible to earn a maturity benefit equivalent to 110% of the sum assured chosen by them. This amount will be paid once the policy term is completed.
• – Individuals are covered for the entire policy period, despite paying only limited premiums.
• Flexibility – Policyholders have flexibility in terms of choosing the policy term and the premium payment frequency. They are also eligible to modify their payment mode, subject to certain conditions.
• Death benefit – In the event of demise of a policyholder, a death benefit will be paid to his/her nominee. This death benefit will be the highest of either 110% the sum assured, 105% of all premiums paid or 10 times the annualised premium.
• Tax benefits – Policyholders are eligible for tax benefits under Section 80C of the Income Tax Act. Any other tax benefits which are applicable at a given time can also be claimed.
Nothing is more important that your family's happiness. You work hard to earn and strive to fulfil everything your loved ones wish for. In today's unpredictable times, having your family's future and dreams secured is very essential. Presenting the Aditya Birla Sun Life Insurance Guaranteed Milestone Plan that recognises the value of family's happiness. Now, protection for your family is guaranteed, even in your absence.
Key features
• Fully guaranteed benefits on death or maturity.
• Guaranteed Additions that boost your corpus year on year.
• Flexibility to cover your spouse also by choosing Joint Life Protection.
• Flexibility to choose the policy term.
• Flexibility to enhance your insurance cover with appropriate rider optio
Key features
• Fully guaranteed benefits on death or maturity.
• Guaranteed Additions that boost your corpus year on year.
• Flexibility to cover your spouse also by choosing Joint Life Protection.
• Flexibility to choose the policy term.
• Flexibility to enhance your insurance cover with appropriate rider optio
BSLI Vision Life Income Plan is a traditional whole life insurance plan that is designed to provide you with an additional source of income. It is a plan that is participating in nature. You will receive great returns with this plan. With this plan, you will be able to meet your numerous responsibilities and also maintain an additional source of funds for your other requirements
This is an income plan of BhartiAxa Life Insurance that assures an annual income of up to 10% of the sum assured per annum. It comes with 3 options for the term along with death, maturity and tax benefits. The tax benefits available with this plan apply to both the premiums paid and the returns gained (subject to the prevailing provisions). The plan starts paying the monthly income once the premium paying term is over. It also features a reduced paid up feature that can convert policies, for which premiums have not been paid, into paid-up ones.
Benefits/Advantages of Bharti AXA Life Secure Income Plan
• The premiums paid and the income received through this plan are eligible for tax benefits under sections 80C and 10(10D) of the IT Act.
• The policy can be surrendered at any time however if it is surrendered after 2 years then 30% to 100% of the premiums paid will be returned depending on the the number of years that it has been in force for.
• Once the policy acquires a surrender value, policyholders can take loans against it to the tune of 70% of the surrender value.
• The guaranteed income will be paid once the premium paying term is over and will be paid every month.
• If the premiums are not paid and the policy has achieved a surrender value, instead of lapsing, it will be converted into a paid-up policy with a reduced value. • If the premiums are not paid the policy has not achieved its surrender value, the policy will lapse but can be reinstated within 2 years of lapsing.
Benefits/Advantages of Bharti AXA Life Secure Income Plan
• The premiums paid and the income received through this plan are eligible for tax benefits under sections 80C and 10(10D) of the IT Act.
• The policy can be surrendered at any time however if it is surrendered after 2 years then 30% to 100% of the premiums paid will be returned depending on the the number of years that it has been in force for.
• Once the policy acquires a surrender value, policyholders can take loans against it to the tune of 70% of the surrender value.
• The guaranteed income will be paid once the premium paying term is over and will be paid every month.
• If the premiums are not paid and the policy has achieved a surrender value, instead of lapsing, it will be converted into a paid-up policy with a reduced value. • If the premiums are not paid the policy has not achieved its surrender value, the policy will lapse but can be reinstated within 2 years of lapsing.
Having a life insurance plan is akin to procuring a secure financial future. In economic uncertain times such as today, it is imperative for customers to ensure they have adequate monetary support even when they reach retirement age or if they need it for important events in their life such as their children's marriage or education abroad. Life insurance plans help customers save their hard earned money, create a corpus for use later and also provide nominees with financial support in case untimely demise of the insured. There are a number of companies within India that provide a variety of life insurance policies.
Edelweiss Tokio Life - Cashflow Protection Plus Plan comes with a plethora of benefits and features -
• Reversionary bonus is an accrual benefit that is non-guaranteed. This bonus will accrue from the very first policy year until the end of the premium payment tenure and will be related to the par fund. This benefit will be paid either at the end of the term or on death of the insured,whichever is earlier.
• Money Back is an assured benefit that is equal to 5.5% of the assured sum on maturity. This is payable every year at the end of the policy term. This payout will begin a year after premium paying term and will continue until maturity or death, the earlier event.
• Cash bonus is a non-assured benefit that will be paid every year at the anniversary of policy post premium payment term along with the previous benefit. This bonus is based on the par fund performance and will be paid until death or maturity, whichever is earlier. • Death Benefit is based on the age of entry of policyholder. In case the policyholder's age of entry is below 5 years, then the nominee will receive 105 percent of total premiums paid until de
Edelweiss Tokio Life - Cashflow Protection Plus Plan comes with a plethora of benefits and features -
• Reversionary bonus is an accrual benefit that is non-guaranteed. This bonus will accrue from the very first policy year until the end of the premium payment tenure and will be related to the par fund. This benefit will be paid either at the end of the term or on death of the insured,whichever is earlier.
• Money Back is an assured benefit that is equal to 5.5% of the assured sum on maturity. This is payable every year at the end of the policy term. This payout will begin a year after premium paying term and will continue until maturity or death, the earlier event.
• Cash bonus is a non-assured benefit that will be paid every year at the anniversary of policy post premium payment term along with the previous benefit. This bonus is based on the par fund performance and will be paid until death or maturity, whichever is earlier. • Death Benefit is based on the age of entry of policyholder. In case the policyholder's age of entry is below 5 years, then the nominee will receive 105 percent of total premiums paid until de
This is a Non-Linked Participating Endowment Life Insurance Plan. This plan designed to take care of your multiple needs. Whether it is taking care of your familys future, saving for retirement or any other important milestone, this plan will take care of all your financial goals.
The life insurance cover in this plan takes care of financial security of your family in case of an unfortunate event. This plan rewards you in the form of increasing loyalty Sum Assured and potential to earn increasing additions and bonus as the plan progresses.
It also provides ample flexibility to design a plan which suit your cash flows and requirements in terms of multiple policy terms and premium payment options.
Maturity Benefits - On maturity date, while the policy is in-force, the maturity benefit payable shall be the sum of, Sum Assured on Maturity plus Loyalty Sum Assured on Maturity plus Accrued Guaranteed Addition plus Accrued Reversionary Bonus (if any) and Terminal Bonus (if any).
Death Benefits - Under Base Option: If the Life Insured dies during the policy term while the policy is in-force, the death benefits payable shall be the Sum Assured on Death plus Accrued Guaranteed Addition plus Accrued Reversionary Bonus (if any) and Terminal Bonus (if any). Sum Assured on Death, which is higher of: i) 10 times the Annualised Premium, or ii) Sum of Sum Assured on Maturity and Loyalty Sum Assured on Maturity, or iii) Any absolute amount assured to be paid on death. The Death Benefit payable will not be less than 105% of total premiums paid as on date of death. On payment of the above benefit, the policy will terminate and all rights, benefits and interests under the policy shall cease to apply. Under Family Protection Option: If the Life Insured dies during the policy term while the policy is in-force, Sum Assured on Death shall be payable immediately. The death benefit payable will not be less than 105% of total premiums paid as on date of death. In addition, the Maturity Benefit will be payable on the maturity date.
Loan against policy You can avail loan under this policy once the policy acquires surrender value. The maximum loan amount is 80% of surrender value applicable under the policy when a request for a loan is received less any outstanding policy loan plus accumulated/accrued interest, if any, on that date. The rate of interest payable on such loan shall be as prescribed by the company at the time of taking the loan.
It also provides ample flexibility to design a plan which suit your cash flows and requirements in terms of multiple policy terms and premium payment options.
Maturity Benefits - On maturity date, while the policy is in-force, the maturity benefit payable shall be the sum of, Sum Assured on Maturity plus Loyalty Sum Assured on Maturity plus Accrued Guaranteed Addition plus Accrued Reversionary Bonus (if any) and Terminal Bonus (if any).
Death Benefits - Under Base Option: If the Life Insured dies during the policy term while the policy is in-force, the death benefits payable shall be the Sum Assured on Death plus Accrued Guaranteed Addition plus Accrued Reversionary Bonus (if any) and Terminal Bonus (if any). Sum Assured on Death, which is higher of: i) 10 times the Annualised Premium, or ii) Sum of Sum Assured on Maturity and Loyalty Sum Assured on Maturity, or iii) Any absolute amount assured to be paid on death. The Death Benefit payable will not be less than 105% of total premiums paid as on date of death. On payment of the above benefit, the policy will terminate and all rights, benefits and interests under the policy shall cease to apply. Under Family Protection Option: If the Life Insured dies during the policy term while the policy is in-force, Sum Assured on Death shall be payable immediately. The death benefit payable will not be less than 105% of total premiums paid as on date of death. In addition, the Maturity Benefit will be payable on the maturity date.
Loan against policy You can avail loan under this policy once the policy acquires surrender value. The maximum loan amount is 80% of surrender value applicable under the policy when a request for a loan is received less any outstanding policy loan plus accumulated/accrued interest, if any, on that date. The rate of interest payable on such loan shall be as prescribed by the company at the time of taking the loan.
Life is all about planning. Plans help us achieve the goals we have for ourselves, professionally and financially. Work towards building not just your wealth but also protecting yourself from risks with the help of the Edelweiss Tokio Life – GCAP life insurance plan. This is a non-linked, non-participating life insurance plan which will help you maximize your wealth which can be generated from your income, so you can enjoy life to the fullest. What distinguishes this plan from other life insurance plans is, that with the Edelweiss Tokio Life Insurance – GCAP, you get to enjoy Guaranteed maturity benefit and death benefit, along with Guaranteed Accrual Addition.
Benefits / Advantages of Edelweiss Tokio Life – GCAP
• Guaranteed Accrual Addition – Policyholders can benefit from Guaranteed Accrual Additions or GAA. This amount is calculated considering the policy term, annualized premium, premium paying term, age of entry and the gender of the life assured individual. Guaranteed Accrual Addition accumulates on an annual basis, beginning from the 9th policy year, up till maturity and is paid on death or maturity.
• On Death of Life Insured – For policyholders with an entry age of 5 years and beyond, death benefit during and after the premium payment term will be Sum Assured on Death, along with Cumulative Guaranteed Accrual Addition. Policyholders with an entry age below 5 years will receive an amount calculated at 105% of total premium payments made till date of death (excluding any underwriting extras, rider premiums, service tax and cess). • On Maturity – Upon maturity of the plan, the policyholder will get Sum Assured on Maturity plus Cumulative Guaranteed Accrual Additions (CGAA).
Benefits / Advantages of Edelweiss Tokio Life – GCAP
• Guaranteed Accrual Addition – Policyholders can benefit from Guaranteed Accrual Additions or GAA. This amount is calculated considering the policy term, annualized premium, premium paying term, age of entry and the gender of the life assured individual. Guaranteed Accrual Addition accumulates on an annual basis, beginning from the 9th policy year, up till maturity and is paid on death or maturity.
• On Death of Life Insured – For policyholders with an entry age of 5 years and beyond, death benefit during and after the premium payment term will be Sum Assured on Death, along with Cumulative Guaranteed Accrual Addition. Policyholders with an entry age below 5 years will receive an amount calculated at 105% of total premium payments made till date of death (excluding any underwriting extras, rider premiums, service tax and cess). • On Maturity – Upon maturity of the plan, the policyholder will get Sum Assured on Maturity plus Cumulative Guaranteed Accrual Additions (CGAA).
Exide Life Assured Gain Plus, an insurance plus investment plan offered by Exide Life Insurance Company Limited. Under this plan, you get following benefits:
• Pay premiums for only a short time period of 5 years
• Guaranteed tax-free returns
• Enjoy life cover for full policy term
This is how Exide Life Assured Gain Plus works:
Choose the Sum Assured on Maturity, policy term, PPT, and premium payment frequency. Based on age and the other chosen parameters, the premium and Sum Assured will be determined. Under this plan, you can enjoy the following benefits:
• Maturity Benefit will not be below 101% of the base premium excluding Service Tax, rider premium, and extra premium. If the Life Cover is 10 times the annualised premium, you get tax-free maturity benefits.
• Guaranteed tax-free returns: Once the policy reaches its maturity date, you will receive a lump sum amount plus bonuses accumulated over the policy term. The guaranteed lump sum amount is calculated based on the chosen policy term.
• Pay for a short period of time: Exide Life Assured Gain Plus is for those who want to commit only for a short time period. In this insurance cum investment plan, you have to pay only for 5 years. However, the benefits will continue for the full policy term for 10, 12 or 15 years. Under the Single Pay option, you can choose to pay the premium as a lump sum amount.
• Discounts for higher premiums: Get discounts for higher premium payments.
• Pay premiums for only a short time period of 5 years
• Guaranteed tax-free returns
• Enjoy life cover for full policy term
This is how Exide Life Assured Gain Plus works:
Choose the Sum Assured on Maturity, policy term, PPT, and premium payment frequency. Based on age and the other chosen parameters, the premium and Sum Assured will be determined. Under this plan, you can enjoy the following benefits:
• Maturity Benefit will not be below 101% of the base premium excluding Service Tax, rider premium, and extra premium. If the Life Cover is 10 times the annualised premium, you get tax-free maturity benefits.
• Guaranteed tax-free returns: Once the policy reaches its maturity date, you will receive a lump sum amount plus bonuses accumulated over the policy term. The guaranteed lump sum amount is calculated based on the chosen policy term.
• Pay for a short period of time: Exide Life Assured Gain Plus is for those who want to commit only for a short time period. In this insurance cum investment plan, you have to pay only for 5 years. However, the benefits will continue for the full policy term for 10, 12 or 15 years. Under the Single Pay option, you can choose to pay the premium as a lump sum amount.
• Discounts for higher premiums: Get discounts for higher premium payments.
Do you want to earn bonuses and also save on taxes because what you earn is a waste if you can't save anything? Exide Life star Saver plan might be a good idea in such a case since it gives you maximum income benefits of a non-linked participating plan which helps you save on some of your income tax as you invest for your life cover. There are also other bonuses that can be earned at the same time. If you want added coverage, you can use the riders applicable to this Exide Life Insurance plan
If you are looking for an insurance plan that guarantees regular income and help you save more, look no further than Exide Life Guaranteed Income Insurance Plan. A policyholder under this plan will have to pay the premium amount for few years to receive the guaranteed benefits like regular income at attractive interest rate of 11% to 13% p.a, lump sum amount, and a < a href="/insurance/life-insurance.html">comprehensive life cover throughout the policy term. A policyholder who pays the premium promptly during the first half of the term of the policy will reap the benefits during the second half of the policy term. The insured person also gets maturity benefit which is tax-free. Anyone who is looking for a guaranteed payout can purchase the Exide Life Guaranteed Income Insurance Plan.
The Kotak Premier Moneyback Plan is a plan that doesn't just provide life insurance cover, but also provides regular payouts that make this a good plan to use in case of planned major expenses. It also has no upper limit on the sum assured under this kotak life insurance plan which means that as long as you can afford the premium, you can take any cover amount that you like. It also brings the policyholder tax benefits and the advantage of maturity bonuses that end up in a total payout of 110% to 130% of the basic sum assured.
Some of the advantages of taking this policy are:
• The premiums paid for the policy are eligible for tax benefits under section 80C of the IT Act.
• The death/maturity benefits received from this policy are eligible for tax benefits under section 10(10D) of the IT Act.
• There is a discount, on the premiums, of Rs. 2 for every Rs. 1,000 of the sum assured if the sum assured is in excess of Rs. 5 lakhs. • Once the policy has reached surrender value if additional premiums are not paid, the policy gets converted to a paid up one at a reduced value instead of lapsing.
Some of the advantages of taking this policy are:
• The premiums paid for the policy are eligible for tax benefits under section 80C of the IT Act.
• The death/maturity benefits received from this policy are eligible for tax benefits under section 10(10D) of the IT Act.
• There is a discount, on the premiums, of Rs. 2 for every Rs. 1,000 of the sum assured if the sum assured is in excess of Rs. 5 lakhs. • Once the policy has reached surrender value if additional premiums are not paid, the policy gets converted to a paid up one at a reduced value instead of lapsing.