IGain is a unique combination of benefits, in order to help the insured to have sound financial portfolio. This insurance policy is referred as the one and only complete financial package that would be protecting the policy holder in a proper way.
Features and benefits of Igain are:
• IGain is an excellent product of Bajaj Allianz which has has a unique feature named family income benefit that has been designed to offer complete financial security to the dependent family members of the insured in case of an uncertain death of the insured.
• The minimum and the maximum term of this policy are five and forty years respectively. Here the minimum sum that is to be assured is rupees fifty thousand and the maximum sum is unlimited.
• The minimum premium amount that is to be paid is rupees five thousand per year. For half yearly, monthly and quarterly premium the amount of premium that is to be paid is Rs. 2500/-, Rs. 700/- and Rs. 1250/-.
• The insured can also avail loan against the policy and it should be within ninety per cent of the surrender value.
• Tax benefits are offered in this policy to the owner as per the various provisions of the Indian income tax act, 1961. Under this policy the premiums paid are eligible for tax rebate as per section 80C of the Indian income tax act and the sum received after maturity is totally exempted from tax. Premiums for rider are eligible for deduction as per section 80D of the act.
• Female policy holders are eligible for getting discount on the premiums. Here the basic premium payable would be similar to the premiums for a two year younger male policy holder.
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