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| Type of Policy |
: A Unit Linked Insurance Plan |
| Age |
:14 Yrs (Nearer Birthday) – 55 Yrs (Nearer Birthday) |
| Policy Term (Tenure) |
:20 Years |
| Payment Mode |
:Yearly |
| Premium |
: Rs.15,000 Annually |
| Top Up |
: 25% of premium paid till date |
Sum Assured
(Risk Cover) |
: Sum assured of policy will be 10 times of annual premium upto the age of 45 years
(Nearer birthday) and above age of 46 years sum assured will be 5 times of annual premium
1. In the case of house wife, we required insurance policy details of her husband equal to her sum assured.
2. In the case of working female, we require copy of income tax return/CA
certificate/copy of bank passbook showing last six months transactions as Income
proof.
3. If policy holder age is above 50 year then we require MER from MBBS doctor. For MER form visit www.insurewithus.in |
| Rider |
: Accident Benefit & Accidental Total & Permanent
Disability Benefit Rider as per existing Unit Linked Plan |
| Tax Benefit |
:Tax benefit under 80(C) & Maturity under 10(10 D) Income Tax Act, 1961 |
| Expenses are Very Low |
i- Administration charges are Rs.25/- p.m.
i
i- Fund Management Charges Rs.0.75% p.a. of Fund Value
iii- Moderate mortality charges for covering the risk.
(These are the lowest in comparison to other Companies) |
*Person can save up to Rs.30900/- Income Tax by depositing 100000 premium under the plan.
*Due to volatility in Equity Market and to save the interest of policyholders only Balance Fund is available to give better returns.
* If the Top -Up Amount is greater then 20% of Sum Assured then the Maturity tax benefit under section 10 (10D) is not applicable
Fund Availability: Balanced Fund The fund available under this plan and the asset allocation limits are as follows
| Fund Type |
Shares (Equity) |
Debt |
Cash |
Risk Profile |
| Balanced Fund |
Max 40% |
Min 40% |
Max 20% |
Medium |
Surrender Value -The Policy would acquire surrender value if two full year premium is paid. However surrender value would be payable after at least three years from the commencement of the policy.
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If premiums are paid for less than two years |
0% of fund value |
| If premiums are paid for two years but less than three years |
80% of fund value |
| If premiums are paid for three years but less than four years |
90% of fund value |
| If premiums are paid for four years but less than five years |
95% of fund value |
| If premiums are paid for five years or more |
100% of fund value |
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RENEWAL FEE :-
Member needs to pay Rs.15,000 annually for 20 years term in total for the ULIP plan. Member has the option to Surrender the policy if he wants to after 3 years from the commencement of policy (Policy Issue). To get the Surrender value details please login www.insurewithus.in
Business opportunity can be continued for lifetime without any renewal charges.
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Download Consent Letter & Self declaration form in case unavailability of Standard Age Proof like:-
PAN card
Driving License
Passport
Secondary School certificate
Birth Certificate
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