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Plan No. 833
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It is a Single Premium individual cum Savings, Whole Life Insurance plan ideally suitable for all the age groups starting from new born babies to senior citizens.
This plan offers the Guaranteed Addition @ Rs. 40 per 1000 Sum Assured during PPT.
This plan also offers Survival Benefit in the form of either Regular Income Benefit or Flexi Income Benefit.
Under Regular Income Benefit income will be received @ 10% of Sum Assured and under Flexi Option it can be deferred and accumulate @ 5.5% compounding interest.
Option to withdraw 75% of accumulated amount once in a year under Flexi Income Benefit option.
In case of any financial emergency, this plan also takes care of liquidity needs through Surrender and Loan facility.
On Maturity Policy holder will get Sum Assured on Maturity along with Accrued Guaranteed Additions.
Sum Assured on Death is defined as Basic Sum Assured OR 1.25 times of Single Premium whichever is higher along with Accrued Guaranteed Additions.
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