Criteria |
Premium Back Term Plan |
Eligibility |
18
- 55 years |
Min.
Deposit Amount |
NA |
Minimum
Face Amount (Sum Assured) |
Rs.
200,000 |
Plan
duration |
10,
15 and 20 years for 100% premium
back and 15, 20 years for 125% premium
back |
Vesting
age |
NA |
Premium
paying period |
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 |
100%
premium back or 125% premium back
depending on option selected |
Riders |
Accidental
death & dismemberment, ciritcal
illness and waiver of premium riders |
Unique
Features
- Choice of 3 investment options
- Track fund performance
- Access to your funds
- Death benefits |
NA
NA
Surrender
face amount + premium paid till
death
|
Tax
benefits (as per current tax legislation) |
As
per sec 88 and sec 10 (10D) of the
Income Tax Act, 1961 |
