It’s an investment plan that gives you the best returns. It creates value for every rupee you invest. The plan gives you a life cover and extraordinary benefits.
Benefits
1. Death Benefit :
a. On death occurring before the age of 7 years, the fund value as on the date of receipt of the intimation of death at the company office.
b. In case death after age of 7 years and before the age of 60 years, the benefits will be payable with Sum Assured less value of partial with drawls made in last 24 months prior to the date of death, or the fund value as on the date of receipt of intimation of death, which ever is higher. The death benefit payable would be calculated separately for regular premiums and top up premiums.
c. In case of death of the life assured on or after the age of 60 years. the benefit will be Sum Assured less value of partial withdrawals made within 24 months before the age of 60 years and all partial withdrawals made after the age of 60 years or the Fund Value as on the date of receipt of intimation of death at the office, whichever is higher. The Death benefit will be calculated separately for regular premiums and top up premium.
2. Maturity Benefits : In case of maturity the funds value in respect premium and top up premium.
3. Surrender Benefits :
a.The surrender value of the policy will be equal to the fund value less surrender charge.
b. After 3 years, you have the option to avail of surrender benefits by complete surrender of units.
c. The policy will get terminated on the payment of surrender value.
Eligibility
| Parameters |
Minimum |
Maximum |
| Entry Age |
0 yrs, risk commences at age 7 |
60 yrs |
| Maturity Age |
18 years |
75 yrs |
| Sum Assured |
0.5*Policy Term
*Annualized Premium |
Multiplier*Annualized Premium |
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
