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Bajaj Allianz Life Insurance Term Plans

Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance Company Limited (Bajaj Allianz Life Insurance) is a joint venture between India’s reputed business conglomerate, Bajaj Finserv Limited, and Germany’s renowned financial services company, Allianz SE. Both the companies are backed by an extensive technical expertise, and together, they have put forth a best-in-class product portfolio, which perfectly caters to the financial planning and protection requirements of Indian citizens. Since its inception in the year 2001, the company has been providing comprehensive insurance products & solutions that are not only benefit-driven, but are competitively priced too. With a presence of over 700 branches across the country, the company holds a massive team of advisors and channel partners, who are always willing to serve and help customers in fulfilling their insurance needs.

Bajaj Allianz Life Insurance Term Plans

There’s absolutely nothing that can replace a loss of life, but a Bajaj Allianz Life Insurance Term Plan can surely provide the family with financial resources for settling the immediate debts and helping them in maintaining their standard of living. These Term Plans come with the flexibility of choosing policy terms, premium payment terms, and the sum assured as per your precise requirements. They also offer special discounts on premium for women policy holders, non-tobacco users, and on selecting a high coverage.

Term Plans:

When the question arises of covering the risk of life, investing in a Term Plan is the best solution. This is primarily because Term Plans allow you to avail high coverage at low-cost premiums. The objective of these plans is to secure the future of your loved ones, in case you are not around them. On occurrence of an eventuality, one may suffer from a sudden loss of income, but the benefits paid under these products ensure that the family is not burdened with the responsibility of paying off dues and liabilities.

Common Features of Bajaj Allianz Life Insurance Term Plans:

  • Premiums that are easy on the pocket
  • Provision for changing the prevailing premium payment frequency to any other mode during the policy term
  • High Sum Assured Rebates
  • Income tax benefits

List of Different Term Plans Offered By Bajaj Allianz Life Insurance Company, With Features, Benefits And Eligibility

Bajaj Allianz Life eTouch Online Term Plan

Features:

  • An online Term Insurance Plan
  • Avail comprehensive protection, including accidental death benefit, waiver of premium benefit, accidental total permanent disability benefit, and accelerated critical illness benefit, all at affordable premiums
  • Choose any policy term and premium payment term ranging between 10 to 40 years
  • Take your pick from four variants, depending upon the level of protection you wish to avail for yourself and your family:
    1. Shield: Life Benefit + Waiver of Premium Benefit (in case of occurrence of Accidental Total Permanent Disability)
    2. Shield Plus: Life Benefit + Accidental Total Permanent Disability Benefit + Waiver of Premium Benefit (in case of occurrence of Accidental Total Permanent Disability)
    3. Shield Super: Life Benefit + Accidental Death Benefit + Accidental Total Permanent Disability Benefit + Waiver of Premium Benefit (in case of occurrence of Accidental Total Permanent Disability)
    4. Shield Supreme:  Life Benefit + Accelerated Critical Illness Benefit +  Accidental Total Permanent Disability Benefit + Waiver of Premium Benefit (in case of occurrence of Accidental Total Permanent Disability or Critical Illness)
  • Receive coverage against Critical Illnesses & surgeries, such as, Alzheimer's Disease, Apallic Syndrome, Aplastic Anaemia, Angioplasty, Benign Brain Tumour, Blindness, Brain Surgery, Cancer of Specified Severity, Cardiomyopathy, End Stage Liver Disease, End Stage Lung Disease, Coma of Specified Severity, Deafness, First Heart Attack of Specified Severity, Heart Valve Surgery, Kidney Failure Requiring Regular Dialysis, Loss of Independent Existence, Loss of Limbs, Loss of Speech, Major Burns, Major Head Trauma, Major Organ/ Bone Marrow Transplant, Medullary Cystic Disease, Motor Neurone Disease with permanent symptoms, Multiple Sclerosis with persisting symptoms, Muscular Dystrophy, Open Chest CABG, Permanent Paralysis of Limbs, Parkinson’s Disease, Poliomyelitis, Primary Pulmonary Arterial Hypertension, Stroke resulting in Permanent Symptoms, Surgery to Aorta, and Systematic Lupus Eryth with Renal Involvement.
  • Avail the benefit of policy continuance, without having to pay any future premiums, in the event of an Accidental Total Permanent Disability or Critical Illness 
  • Flexibility for your nominee to receive the policy benefits in a lump sum or by way of monthly instalments, depending upon your family’s immediate requirements, in case of your unfortunate demise during the policy term
  • Enjoy discounts on premiums for being a non-tobacco user
  • Enjoy the perks of High Sum Assured Rebates, which entitles you to avail a premium discount, when you opt for a larger Sum Assured
  • Option to pay premiums as per your convenience – yearly, half-yearly, quarterly, or monthly
  • Provision for changing the prevailing premium payment frequency to any other mode, on any policy anniversary, during the policy term
  • Income tax benefits on premium payments and receipt of proceeds

Benefits:

  • Shield variant: On choosing this option, in the unfortunate event of death of the Life Assured, the nominee is entitled to receive the Sum Assured on Death, following which, the policy is terminated. In case, the life assured encounters an Accidental Total Permanent Disability, then the remaining premiums under this plan are waived off, and the policy continues, with other benefits remaining intact.
  • Shield Plus variant: Under this option, if the life assured suffers from an Accidental Total Permanent Disability, he/she is entitled to receive the following benefits:
    1. Sum Assured (subject to a maximum of ₹ 2 Crores)
    2. Waiver of the balance premiums under the plan
    3. Policy continuance with other benefits being payable as and when due
  • In the unfortunate event of death of the life assured during the policy term, the nominee receives the Sum Assured on Death.
  • Shield Super variant: Opting for this variant entitles the life assured to receive the following benefits in the event of an Accidental Total Permanent Disability:
    1. Sum Assured (subject to a maximum of Rs 2 Crores)
    2. Waiver of the balance premiums under the plan
    3. Policy continuance with other benefits being payable as and when due

    Further, in case the life assured passes away due to an accident, then his/her nominee receives the following benefits:
    Sum Assured on Death + An Amount equivalent to the sum assured (subject to a maximum of ₹ 2 crores)
    In the event of death of the life assured, where the cause of death is not an accident, then the nominee receives the Sum Assured on Death.

  • Shield Supreme variant: On selecting this variant, the life assured is entitled to receive the following benefits depending upon the eventualities:
    1. If the life assured is diagnosed with a Critical Illness, then he/she is liable to receive the following:
      1. If the diagnosed Critical Illness requires Angioplasty, then the life assured is entitled to receive the Accelerated Critical Illness Benefit amounting to a fixed lump sum of Rs. 5,00,000, which is receivable only once for Angioplasty throughout the term. Waiver of premium is not applicable in this case, however, the life assured is liable to receive the balance Accelerated Critical Illness Benefit, in case, he/she encounters any of the other listed critical illnesses.  
      2. If the diagnosed Critical Illness does not require Angioplasty, and Accelerated Critical Illness benefit has not yet been availed for Angioplasty, then, the life assured becomes eligible to receive an Accelerated Critical Illness Benefit, which is equivalent to 75% of Sum Assured, subject to a maximum of Rs.75, 00,000.
      3. If the diagnosed Critical Illness does not require Angioplasty, but an Accelerated Critical Illness Benefit for Angioplasty has already been availed, then, the life assured is entitled to receive the balance Accelerated Critical Illness Benefit, which is equivalent to 75% of Sum Assured (subject to maximum of Rs.75,00,000) minus Rs. 5,00,000 (paid earlier for Angioplasty).
      4. Once the Accelerated Critical Illness Benefit is received, all the future premiums are waived off, and the policy continues with its other benefits.
    2. If the life assured encounters an Accidental Total Permanent Disability during the policy term, then he/she is entitled to receive the following benefits:
      Sum assured (subject to a maximum of Rs 2 Crores) + Waiver of future premiums + Policy Continuance with other benefits
    3. In the event of unfortunate demise of the life assured during the term of the policy, the nominee becomes liable to receive the following benefits:
      1. In case the Accelerated Critical Illness benefit has been paid earlier, then, the Sum Assured on Death minus the amount of Accelerated Critical Illness benefit is receivable
      2. In case the Accelerated Critical Illness benefit has not been paid earlier, then, the entire Sum Assured on Death is receivable
    4. Sum Assured on Death: Irrespective of the option chosen, the Sum assured on Death is calculated as the highest of:
      1. 10 times Annualised Premium 
      2. 105% of total premiums paid till date of death 
      3. Sum Assured
    5. Options for availing the Death Benefit and Accidental Death Benefit: In the unfortunate event of your demise before policy maturity, your nominee can exercise any of the following options to receive the Life Benefit / Accidental Death Benefit / or Both:
      1. 100% of the benefit in a lump-sum, or
      2. 50% of the benefit in a lump-sum and the balance amount in Level or Increasing monthly instalments, or
      3. 100% of the benefit in Level or Increasing monthly instalments

If your nominee opts for the monthly instalments mode, then the amount will be received as Level or Increasing monthly instalments over a period of 120 months, with the first instalment being received on the date of death of the life assured. The amount receivable under the Level and Increasing Instalments is as follows:

For Level Instalments: Amount of benefit taken in Instalment x 1.1022%

For Increasing Instalments: First Month = Amount of benefit taken in Instalment x 0.7861%, followed by an increase by 10% p.a. (simple interest) of the first monthly instalment at the end of each 12 months from the date of death.

Eligibility:

Entry Age Minimum: 18 years | Maximum: 65 years
Maturity Age Minimum: 28 years | Maximum: 75 years
Policy Term Minimum: 10 years | Maximum: 40 years
Premium Paying Term Equal to the policy term
Sum Assured Minimum: Rs. 50,00,000 | Maximum: Life Benefit: No Limit; Accidental death Benefit & Accidental Total Permanent Death Benefit: Rs. 2crores; Accelerated Critical illness Benefit: Rs. 75,00,000 (Sum Assured will be in multiples of ₹ 1,00,000)
Sum Assured Minimum: Rs. 50,00,000 | Maximum: Life Benefit: No Limit; Accidental death Benefit & Accidental Total Permanent Death Benefit: Rs. 2crores; Accelerated Critical illness Benefit: Rs. 75,00,000 (Sum Assured will be in multiples of ₹ 1,00,000)
Sum Assured Minimum: Rs. 50,00,000 | Maximum: Life Benefit: No Limit; Accidental death Benefit & Accidental Total Permanent Death Benefit: Rs. 2crores; Accelerated Critical illness Benefit: Rs. 75,00,000 (Sum Assured will be in multiples of ₹ 1,00,000)
Premium Minimum: Rs. 5,000 per annum | Maximum: As per maximum Sum Assured
Premium Payment Frequency Yearly, Half yearly, Quarterly, and Monthly

Bajaj Allianz iSecure Plan

Features:

  • A Non-Participating Term Assurance Plan
  • Avail a level term insurance cover with high sum assured and low-cost premiums
  • Choose your policy term basis your financial goals & requirements - 10, 15, 20, 25 or 30 years
  • Option to take a Joint Life policy, so that you and your spouse can be covered under the same umbrella
  • Provision to include your spouse at a later date in your existing individual policy, in case you were single at the time of taking the policy
  • Facility for nominee to receive the Death Benefit in equated monthly instalments over a period of 5 or 10 years from the date of intimation of death of life assured
  • Enjoy premium rebates on selecting a higher sum assured. Separate premiums for sum assured less than Rs. 20,00,000 and for sum assured of Rs. 20,00,000 & above.
  • Earn rewards in the form of discounts on premium for being a non-smoker or a preferred non-smoker
  • Make a choice to pay your premiums annually, semi-annually, quarterly, or monthly
  • Flexibility to change your premium payment frequency on any policy anniversary during the term of the policy
  • Enjoy tax exemptions as per 80C and 10(10D) of the Indian Income Tax Act

Benefits:

  • Death Benefit: In the event of the death of the life assured during the policy term, the Death Benefit receivable is as follows:
    1. For Individual Life Policies: Sum Assured
    2. For Joint Life Policies: Sum Assured receivable on the death of each life. In case of death of any one of the policyholders, the policy will continue on the surviving life assured with a reduced premium, which will be calculated on the basis of age, lifestyle category, policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy. After the death of the surviving life assured, the policy will cease to exist.
  • Monthly Installments for Receiving Death Benefit: In the event of death of the life assured, if the nominee wishes, he/she can avail the Death Benefit in monthly installments over a period of 5 years or 10 years from the date of intimation of death, which will be computed as follows:
    1. For 5 years: 1.04 x Death Benefit divided by 60
    2. For 10 years: 1.08 x Death Benefit divided by 120

During the instalment period, the nominee also has the option to discontinue the system of receiving the monthly instalments, and instead opt for receipt of a lump sum payment. In such a case, the amount received will be equal to the Death Benefit minus the total amount of instalments already received.

Eligibility:

Entry Age Minimum : 18 years | Maximum : 60 years
Maturity Age Minimum: 28 years | Maximum: 70 years
Sum Assured Minimum: For General Category: Rs.250,000; For Preferred Non-Smoker, Non-Smoker, & Smoker : Rs.20,00,000 | Maximum: No Limit
Policy Term 10, 15, 20, 25 & 30 years
Minimum Premium For Sum Assured Less than Rs.2,000,000: Rs.1000 | For Sum Assured Greater than or equal to Rs.2,000,000 : Rs.3000
Premium Payment Frequency Yearly, Half yearly, Quarterly, and Monthly

Bajaj Allianz iSecure More

Features:

  • A Non-Participating Increasing Cover Term Assurance Plan
  • Combat the rising inflation and mounting costs of living by gaining an advantage of 5% increase in sum assured at each policy anniversary up to a maximum of twice the sum assured at policy inception
  • Take your pick from 10 years, 15 years, 20 years, or 25 years of policy term
  • Option of taking an Individual Policy or a Joint Life policy for yourself and your spouse
  • If you were single at the time of taking the policy, you can exercise your option to include your spouse at a later date in the same individual policy
  • Special facility for nominee to avail the Death Benefit in equated monthly instalments over a period of 5 or 10 years to compensate for the loss of income arising due to death of life assured
  • Change the frequency of your premiums as per your convenience on any policy anniversary during the policy term
  • Enjoy Income Tax Benefits as per applicable laws
  • Enjoy great rebates on premium when you choose Sum Assured of Rs.5 lacs and above.

Premium rebates for an individual life are as follows:



SA Band
% Rebate for Age Band
<= 30 31 - 40 41 - 50 >= 51
5,00,000 to 9,99,999 10.00% 5.00% 2.50% 2.50%
10,00,000 to 19,99,999 17.50% 7.50% 5.00% 2.50%
20,00,000 to 49,99,999 20.00% 10.00% 5.00% 5.00%
50,00,000 & above 25.00% 10.00% 7.50% 5.00%

Premium rebates for joint life are as below

Age of Older Life Assured < = 40 41 to 50 > = 51
Joint Life Rebate as % of the total Gross Premium applicable to the individual lives 5% 3% 1%

Benefits:

  • Death Benefit: In the unfortunate event of demise of life assured during the policy term, the Death Benefit receivable is as follows:
    For Individual Life Policies: Sum Assured
    For Joint Life Policies: Prevailing Sum Assured is receivable on the death of each life. In case of death of any one of the policyholders, the policy continues with coverage on the surviving life assured. However, the premiums are reduced and are computed depending upon the age, lifestyle category, policy term, premium payment frequency, and sum assured of the surviving life assured as at the inception of the policy. After the death of the surviving life assured, the policy gets terminated.
  • Monthly Installments for Receiving Death Benefit: In the event of death of the life assured, the nominee has an option to avail the Death Benefit in monthly installments over a period of 5 years or 10 years from the date of intimation of death. These installments are computed as follows:
    For 5 years: 1.04 x Death Benefit divided by 60
    For 10 years: 1.08 x Death Benefit divided by 120
    During the instalment period, the nominee can opt to discontinue the monthly instalments, and instead request for receipt of a lump sum amount. In such a case, the amount received will be equal to the Death Benefit less the total amount of instalments already received.

During the instalment period, the nominee can opt to discontinue the monthly instalments, and instead request for receipt of a lump sum amount. In such a case, the amount received will be equal to the Death Benefit less the total amount of instalments already received.

Eligibility:

Entry Age Minimum : 18 years | Maximum : 60 years
Maturity Age Minimum: 28 years | Maximum: 70 years
Sum Assured Minimum: Rs. 2,50,000 | Maximum: No Limit (subject to the Sum Assured multiples)
Policy Term 10, 15, 20 & 25 years
Minimum Premium Rs. 1500
Sum Assured can be chosen in specific multiples only as per the chart below:
Sum Assured Band Multiple
Upto Rs. 4,00,000 Rs. 50,000
Rs. 4,00,000 - 45,00,000 Rs. 1,00,000
Rs. 45,00,000 and above Rs. 5,00,000

Bajaj Allianz iSecure Loan

Features:

  • A Non-Participating Mortgage Cover Term Assurance Plan
  • Avail protection for yourself and your family from loan liabilities, such as those of home loan, personal loan, motor loan, credit card dues, and other loans
  • Low-cost premiums
  • Flexibility to choose between 10, 15, 20 or 25 years of policy term depending upon the tenure of your loan
  • Facility of paying premiums only for 2/3rd of the policy term
  • Select the loan interest rate as per your convenience and requirements at the time of taking the policy
  • Liberty to change the frequency of your premium payments on any policy anniversary during the entire term
  • Opt for Individual Policy or a Joint Life Policy
  • With a Joint Life Policy, you can cover yourself along with another life, provided there is an insurable interest
  • Provision of adding another life into your existing individual policy on any policy anniversary, provided there is an existence of insurable interest, and subject to addition of sum assured less than or equal to the prevailing sum assured
  • Income tax benefits on premium payments and proceeds
  • Enjoy attractive rebates in premiums on choosing a high sum assured of Rs. 5,00,000 and above. The high sum assured rebates for an individual life are as follows:
Sum Assured Band Age Band
18 – 30 31-40 41-50 51 - 60
5,00,000 to 7,49,999 5.00% 5.00% 2.50% 2.50%
7,50,000 to 9,99,999 10.00% 10.00% 5.00% 2.50%
10,00,000 to 14,99,999 17.50% 12.50% 5.00% 5.00%
15,00,000 to 29,99,999 25.00% 15.00% 7.50% 5.00%
30,00,000 to 74,99,999 32.50% 17.50% 10.00% 5.00%
75,00,000 & above 37.50% 20.00% 10.00% 7.50%
The high sum assured rebates for joint life are as follows:
Age of Older Life Assured < = 40 41 to 50 > = 51
Joint Life Rebate as % of the total Gross Premium applicable to the individual lives 7.50% 5.00% 2.50%

Benefits:

  • Death Benefit: In case the life assured passes away prior to policy maturity, the Death Benefit receivable is as follows:
  • For Individual Life Policies: Prevailing Sum Assured
  • For Joint Life Policies: In case of death of any one of the policyholders, the Prevailing Sum Assured is received as the Death benefit by the nominee, and the policy continues with coverage on the surviving life assured. The premiums are reduced and are computed depending upon the age, lifestyle category, policy term, premium payment frequency and sum assured of the surviving life assured as at the inception of the policy. On death of the surviving life assured, the Prevailing Sum Assured is received as Death benefit, and the policy gets terminated.

Eligibility:

Entry Age Minimum : 18 years | Maximum: 60 years
Maturity Age Minimum: 28 years | Maximum : 65 years
Sum Assured Minimum: Rs. 3,00,000 | Maximum: No Limit
Policy Term 10, 15, 20 & 25 years
Premium Payment Term 2/3 rd of the policy term chosen (rounded down in years)
Minimum Premium Rs. 1,500

Bajaj Allianz Life Secure

Features:

  • A Non-Linked Whole Life Term Plan
  • Enhance your protection by availing accidental death cover or critical illness cover
  • Make your choice between three coverages:
    1. Option I - Death Benefit
    2. Option II - Death Benefit plus Accidental Death Benefit
    3. Option III - Death Benefit or Accelerated Critical Illness plus Waiver of Premium Benefit
  • Enjoy life coverage until you attain the age of 100 years
  • Four Premium Payment Terms to choose from - 5, 7, 10 or 15 years
  • Discounted premium tariff for women policyholders
  • Choose the premium payment frequency that suits you the most - yearly, half yearly, quarterly, or monthly
  • Provision of altering your premium payment mode on any policy anniversary throughout the policy term
  • Avail Tax Benefits as per applicable income tax laws
  • Get rewarded by receiving rebates in premium, basis your chosen Sum Assured, Coverage Option, Age, and Premium Paying Term. The discounts are applied on the annual premium for each complete additional Rs. 1,00,000 Sum Assured purchased over and above the minimum Sum Assured of Rs. 20,00,000. The details of premium rebates are as follows:
Coverage Option High Sum Assured Rebate applicable for Sum Assured band
I Above the minimum Sum Assured of Rs. 20,00,000
II Above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 2,00,00,000
III Above the minimum Sum Assured of Rs. 20,00,000 and up to Sum Assured of Rs. 1,00,00,000
High Sum Assured Rebate
Premium Payment Term (years) 5 7 10 15
Below age 45 Rs. 152 Rs. 115 Rs. 90 Rs. 71
Age 45 & above Rs. 113 Rs. 88 Rs. 70 Rs. 56

Benefits:

  • Coverage Option I(Only Death Benefit): On choosing this option, the nominee is entitled to receive the Sum Assured on Death, in the eventuality of death of the life assured during the policy term.
  • Coverage Option II (Death Benefit plus Accidental Death Benefit): Under this option, the nominee is liable to receive the Sum Assured on Death, if the life assured passes away during the policy term.
    In instances wherein the death of life assured occurs as a result of an accident, provided the life assured was below 65 years of age, then, the nominee is entitled to receive the Sum Assured on Death along with an additional Sum Assured, subject to a maximum of Rs. 2 crores.
  • Coverage Option III (Death Benefit OR Accelerated Critical Illness plus Waiver of premium Benefit): On selecting this coverage, the life assured/nominee receives the following benefits, depending upon the nature of the eventuality:
    1. In case the life assured has been diagnosed with a Critical Illness, provided he/she is below 65 years of age, and the illness has occurred during the first 30 years of the policy, then the life assured is eligible to receive 50% of the Sum Assured on Death, subject to a maximum of Rs. 50 lacs. Further, the future premiums are waived off, and the policy continues with its death benefit. However, no further benefit is receivable in respect to any future critical illness developed by the life assured.
    2. In case of death of the life assured during the policy term, and where critical illness benefit has already been received, then the nominee is entitled to receive the remaining Sum Assured on Death.
    3. In case of death of the life assured during the policy term, and where critical illness benefit has not been availed, then the nominee is entitled to receive the entire Sum Assured on Death.
    4. If the death benefit has not been paid before the life assured reaches the age 100 years, then the below mentioned benefit is receivable:
      1. Sum Assured, provided the critical illness benefit has not been availed, or
      2. Sum Assured Minus Amount of critical illness benefit, if the critical illness benefit has already been availed
  • Sum Assured on Death: Irrespective of the coverage chosen, the Sum Assured on Death is computed as per the age of the life assured and is as follows: 
    For age at entry less than 45 years, the Sum Assured on Death is highest of
    1. 10 times Annualised Premium, or
    2. 105% of total premiums paid till date of death, or
    3.  Sum Assured
  • Surrender Benefit: In emergency situations, if need be, you can surrender your policy, provided at least first two full years' premiums have been paid for policies having a premium paying term less than 10 years or first three full years' premiums have been paid in the case of policies having premium paying term of 10 or more years. The Surrender Value is calculated as higher of the guaranteed surrender value or the special surrender value.

Eligibility:

Entry Age Minimum: 25 years | Maximum: For Coverage Option I & II: 55 years; For Coverage Option III: 50 years
Policy Term 100 minus Age at Entry years
Premium Paying Term 5, 7, 10 and 15 years
Premium Minimum: Rs. 36,720 p.a. | Maximum: No limit
Sum Assured Minimum: Rs. 20,00,000 | Maximum: No limit (in multiples of Rs. 50,000)
Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly

Bajaj Allianz LifeStyle Secure

Features:

  • A Non-linked, Regular Premium Payment, Term Assurance Plan
  • Avail level cover term assurance
  • Inbuilt Accelerated Terminal Illness (TI) risk cover
  • No need to undergo medical examination/tests
  • Simple & hassle-free purchase process
  • Choose a policy term, as per your financial goals and requirements – 5, 7, 10, 15, or 20 years
  • Facility of receiving Policy proceeds in equated monthly instalments so that there is a regular flow of income, even in the absence of the life assured
  • Discounted premium for women policyholders
  • Enjoy attractive rebates in premium to the tune of Rs. 2.75 for each complete additional Rs. 1,000 Sum Assured purchased over and above the minimum Sum Assured of Rs.3,00,000
  • Make your choice to pay premiums on a yearly, half yearly, quarterly or monthly basis
  • Liberty to change the mode of premium payment at any time during the term as per your convenience
  • Option to discontinue the receipt of monthly instalments, even after the instalments have started coming in, and instead request for an amount equivalent to the equated monthly instalment (Death or Terminal Illness benefit/policy term*12) * factor1
  • Avail Tax Benefits on premium payments and benefits received

Benefits:

  • Death & Terminal Illness Benefit: In the event of death of the life assured or occurrence of a Terminal Illness, whichever is earlier, the beneficiary is entitled to receive the Sum Assured in equated monthly installments as per the table below:
Entry Age Minimum : 18 years | Maximum: 50 years
Maturity Age Minimum : 23 years | Maximum: 60 years
Policy Term 5/ 7/ 10/ 15/ 20 years
Premium Minimum : Rs. 1,466 p.a. | Maximum : No Limit
Sum Assured Minimum : Rs. 3,00,000 | Maximum : Rs. 15,00,000
Premium Payment Frequency Yearly, Half yearly, Quarterly and Monthly