Plan benefits

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  Death benefit

  

  Death benefit

  Upon death of the person insured during the policy term and provided all due premiums have been paid, the nominee will receive the Total Sum Assured

  Lumpsum benefit that your nominee shall get in event of death

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  Terminal illness benefit

  

  Terminal illness benefit

  Sum Assured on Death, up to a maximum of Rs. 2 Cr. will be accelerated in case of diagnosis of terminal illness during the policy term.

  Upon payment of Terminal Illness benefit:

  a) If Death Benefit at the time of claim is equal to Terminal Illness benefit, the policy will terminate. Or

  b) If Death Benefit at the time of claim is greater than Terminal Illness benefit, the policy will continue for the balance death benefit.

  Upon diagnosis of a terminal illness, the death benefit will be paid immediately as a lump-sum. You need not pay future premiums once the claim is accepted

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  Smart Exit Option

  

  Smart Exit Option

  only if the policy term is greater than 30, but not during the last 5 policy years.

  The policyholder has an option to receive Smart Exit Benefit, equal to Total Premiums Paid** under the policy

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  Tax benefits

  

  Tax benefits

  Term Insurance policies offer tax benefit on

  a) premium paid (Sec 80C) and

  b) benefits received (Sec 10(10D)) under the Income Tax Act

  You get dual tax-saving benefit a) on the premium paid (Sec 80C) and b) benefits received under Sec 10 (10D)

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  5% discount on 1st year included

  

  first year premium benefit

  First year premium includes an extra 5% discount - All users are eligible for 5% discount on 1st year premium of the policy tenure

  Extra benefit on 1st year premium - All users are eligible for 5% discount only on 1st year premium of the policy tenure