In this policy, the investment risk in investment portfolio is borne by the Policy Holder.
Features :
• In this plan policy-holder participate in the equity market.
• Policy holder also get guaranteed maturity unit price of no less than:
1. The starting unit price of 10; and
2. The maximum unit price recorded on each business day from, 15th of May, 2009 till 16th august, 2016.
• This is non-participating unit linked plan.
• The investment risk in investment portfolio is borne by the Policy holder.
• A premium paying term of 3years.
• Policy term of 10years.
• Entry age of life insured: 18 to 70 year.
• Full liquidity after three policy year to meet any cash need.
• Premium payment can be done monthly/ quarterly/ half-yearly or yearly,
Minimum installment premium of:
1. Rs. 50000 per annum
2. Rs. 25000 half-yearly.
3. Rs. 15000 quarterly or
4. Rs. 10000 per month.
Investing your premiums :
Your premiums will be used to buy unit in the platinum plus fund III. the unit purchased will be based on financial amount in this investment fund divided by its than existing unit price.
Platinum Plus Fund III
The investment point for platinum plus fund III is to optimize the contribution in an dynamically managed well-diversified equity portfolio of fundamentally well built blue chip companies while using debut instruments and derivatives to lock-in capital apparitions. The use of derivatives will be for hedging purposes only and as approved by the IRDA. The initial asset allocation in equities is targeted at 80% to 100%.
The risk profile of the fund is high and the asset allocation will be:
0-40% in money market and cash:
0-100% in debt instrument & derivatives; and
0-100% in equity & equity related market.
Track of your investments :
You will get annual policy statement with details on the number of units and their unit prices.
Benefits :
Maturity Benefits :
On maturity your fund value paid to you. In addition, you will get an amount equal to: The numbers of unit under your policy at that time.
Death benefit :
Your nominee will get the greater of the fund value in addition to sum assured.
Tax benefits :
You will get tax benefit under section 80c and section 10(10D).
Surrender Benefits :
You can surrender your policy and get 100% of the fund value after the completion of three policy year.
Policy Loans :
They do not offer this facility in this plan.
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.
