Life and General Insurance

  Saving and Protection Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.

 

Features
Regular premium endowment plan with flexibility to choose a policy term from 15 to 30 years

• Get an additional sum assured in case of accidental death

• The plan participates in the profit of the participating fund by way of bonuses

• The flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual

• This plan can be taken only on a single life basis

 

Advantages

• Insurance coverage throughout the policy term

• Financial protection against untimely demise throughout the policy term

• Boost your maturity benefit with reversionary bonuses and terminal bonus (if any)

• You can opt for hassle-free issuance on the basis of a Short Medical Questionnaire eliminating tedious medical tests 

Optional Benefit:

• Accidental Death and Disability Benefit Rider: Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.

 

Tax Benefits:

You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time.