It is a
participating
endowment plan which provides you an
insurance cover that is guaranteed during the tenure of the policy. The plans that take cares of your savings and investment, it also guarantees you a life cover protection. The company also declares bonuses, from time to time, from the third policy year and these will be paid out, based on your choice of bonus options.
Features of Life Gain
1. Maturity Benefit- You will get sum assured with sum assured of all paid up additions, bought from the bonuses declared(if any).You can also get an additional 10% of sum assured as a guaranteed benefit on maturity.
2. Death Benefit- On death of the life insured, sum assured with the sum assured paid up additions, if any is paid to the beneficiary.
3. Bonus Option- Bonuses can be paid in cash, Premium offset and can paid up additions.
4. It guarantees Financial Protection.
5. Benefits for riders
6. From third policy year bonuses are declared.
7. Tax benefits on premium and maturity proceeds.
Eligibility
1. Entry Age
|
10 year plan |
91 days – 65 years
|
| 15 year plan |
91 days – 60 years |
| 20 year plan |
91 days – 55 years |
| 25 year plan |
91 days – 50 years |
| To age 60 Plan |
91 days – 50 years |
2. Maturity Age- 75 years
3. Sum Assured- Maximum Sum Assured- No Limit & Minimum Sum Assured-Rs.50, 000
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.
