Criteria

Flexi SecureLife Retirement Plan

Eligibility

18 - 60 years

Min. Deposit Amount

Rs. 20,000 in single premium and Rs. 5,000 in regular premium plan

Minimum Face Amount (Sum Assured)

Rs. 22,000 in single premium and Rs. 50,000 in regular premium plan (For policy with life cover option)

Plan duration

Minimum 5 years for singel premium plan. 10 years for regular premium plan.

Vesting age

Choice of vesting ages of 50, 55, 58, 60, 65, and 70 years subject to minimum terms

Premium paying period

Single pay over the duration of the plan

Premium payment frequency

Annually, semi-annually, quarterly, monthly, or one-time pay

Free look period

Review your decision for 15 days from the date of receipt of policy document

Transparency in surrender values

Know the amount due in case of premature plan termination

Maturity benefits

Policy fund at vesting age

Riders

Accidental death & dismemberment, term and ciritcal illness

Unique Features
- Choice of 3 investment options
- Track fund performance
- Access to your funds
- Death benefits

Nourish, Growth and Enrich
Available on the website and newspaper
Surrender
Higher of policy fund or 110% of single premium and higher of policy fund or face amount in regular premium

Tax benefits (as per current tax legislation)

As per sec 80 ccc (I) of the Income Tax Act, 1961