This is a regular premium, without profits, Pure Protection Plan.
Sum Assured only.
No benefits are payable.
Age- 35, S.A.- `15,00,000, Term – 25 years, Basic Yly Premium: `7365
Entry Age 35
In case of Death at Age 40
Death Benefit = `15,00,000
Maturity at Age 60
Maturity Benefit = No benefits are payable
Features & Conditions:
Minimum age at entry : 18 years lbd
Maximum age at entry : 55 years nbd
Max. cover ceasing age : 65 years nbd
Minimum term : 5 years
Maximum term : 25 years
Minimum S.A. : `6,00,000 & in multiples of ` 1,00,000 thereafter.
Maximum S.A. : ` 24,00,000
Available Riders: Nil
Mode of Payment: Yearly and Half Yearly only.
Policy Loan: Not Available
Grace Period: One calendar month, Min 30 days.
Between 31 to 60 days of FUP: Premium with Interest only.
From 61 days to 2 years of FUP: Premiums with interest + DGH+ Medicals as per underwriting rules.
Back Dating: Allowed without charging any interest.
Service Tax: 15% throughout the policy term.
Tax Benefits :
On Basic Premiums : u/s 80C
Death claim : u/s 10(10D)