It is a single premium unit linked plan which helps you with generating income for your post retirement days. The plan gives you a choice to choose your initial single premium amount, investment portfolio and retirement date.
Benefits
1. This plan has a minimum single premium investment amount of Rs 50,000/- at commencement.
2. It allows you to choose the retirement date so that you can plan your retirement accordingly.
3. You get to choose between 7 investment funds, which are Liquid Fund II, Stable Managed Fund II, Secure Managed Fund II, Defensive Managed Fund II, Balanced Managed Fund II, Equity Managed Fund II & Growth Fund.
4. Your funds can be accessed anytime either through vesting time, on death or surrender/cancellation.
5. The plan gives you a choice of switching between funds.
6. You get tax benefits under section 80CCC of Income Tax Act, 1961.
Eligibility
| Parameters |
Minimum |
Maximum |
| Age at Entry |
18 Years |
65 Years |
| At retirement (vesting) |
50 Years |
75 Years |
| Time Period |
10 Years |
40 Years |
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.
