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It is a pure term assurance plan with only benefits payable on death. Nothing is payable on maturity. It actually works like income protection as well as income replacement plan. The policy can be taken by any person between the ages of 18 years to 65 years for the term of 10 years to 45 years with minimum risk cover as Rs. 25 lakhs. It is having unique feature of Increasing death sum assured every year after completion of 5th policy year.

IDEAL POLICY FOR BUSINESS HOUSES

Life Risk Cover of Key personnel of Business houses can be secured under Key Man Insurance to cover financial loss on occurrence of death of Key Persons.


HIGH RISK COVER AT VERY LOW COST

At a very low premium, you can secure your life at higher risk cover. Cost as low as your daily tea/coffee expenses. Ensure a risk cover starting from Rs. 25,00,000/-


DISCOUNT ON HIGHER SUM ASSURED

On higher Sum Assured discount is offered on premium. If Sum Assured is more than Rs.500000/- then discount is given on premium and lower premium rates applied. 


ADDITIONAL ACCIDENT BENEFIT

In case of untimely demise due to an accident, an additional sum equal to basic sum assured will be given. By paying small extra premium amount, you can secure your life for high insurance protection on accidental death by opting Double Accident Benefit up to Rs. 1,00,00,000.


Advantages

Avail Tax benefit on premium paid
Tension Free Claim Settlement
 MinimumMaximum
Entry Age18 Years Completed age65 Years Completed age
Term10 Years40 Years
Maturity age80 Years Nearest birthday
Sum AssuredRs. 25,00,000/-No limit
Mode of PaymentYearly, Half Yearly, Single

Premium Payment Option :-

        Regular Premium :-  Equal To Term

        Limited Premium :- If Term is 10 Years to 40 Years, Term - 5
                                            If Term is 15 Years to 40 Years, Term - 10                                                                                                            

Death Benefits :-

  •   For Regular and Limited Premium Payment Polices :- 7 times of annualised Premium OR 

                                                                                                             105% of all the Premiums paid till date of death OR

                                                                               
                                                                                                              Absolute Sum Assured whichever is Higher

  • For Single Premium Payment Polices :- 125% of all the Premiums paid till date of death OR                                          
                                                                                   
                                                                          Absolute Sum Assured whichever is Higher


Death Sum Assured Option :-

  • Option 1 :- Level Sum Assured on death throughout Term
  • Option 2 :- Increasing Sum Assured by 10% every year after completion of 5th Policy term till it becomes twice of Basic Sum Assured.