A Non – Linked Non – Participating Individual Life Insurance Savings Plan [UIN: 104N085V04]
WHAT THIS PLAN OFFERS YOU :
Guaranteed monthly income immediately after Policy Term
Get guaranteed monthly income for 10 years ( Payout Period) immediately after Policy term (Starting next year after all premiums have been paid) along with one- time guaranteed Terminal Benefit at the end of the Payout Period.
Guaranteed income that doubles after 5 years
Guaranteed monthly income offered in first 5 years of the Payout Period is doubled in the remaining 5 years
Guaranteed Protection with choice of Payout Option on death
The plan offers you life cover for the entire Policy Term by providing guaranteed Death Benefit. On death during the policy term, the nominee will have an option to select either. Lump sum Benefit or Income for 10 years post death.
Flexibility to get monthly income as lump sum
The plan offers you the commutation Option wherein you can receive the present value of the Survival or Death Benefit respectively instead of the monthly payouts . This option can be availed anytime once the monthly incomes have been stared.
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