It is an Investment Plan where one can invest money for a limited time-frame and reap good returns at the end of the policy term. One can enjoy benefits for 10 years while paying Single Premium or paying for 5 years only.
4 REASONS TO BUY:
1. A limited Premium payment plan with a longer term to remain invested. Pay Single premium or for first 5 years and accrue benefits for 10 years.
2. Zero allocation charges(other charges as applicable). Since there is no Premium allocation charge, 100% of Premiums paid will be allocated to the funds chosen by the insured. Other charges levied as applicable.
3. Pay once or for 5 years while accruing benefits for 10 along with the flexibility of partial withdrawals. One can stay invested in the funds for an extended period of 5 years after Maturity, as the policyholder can choose from two Premium payment Terms – single pay and 5 years. One can also withdraw money from your Policy Fund Value any time after the completion of five Policy years.
4. Enjoy Tax benefits on the Premiums paid and benefits received. The Tax benefits fall under Section 80C and Section 10(10D) of the Income Tax Act, 1961. They are subject to change as per change in Tax laws from time to time.
WHO CAN BUY?
|Minimum age at entry||18 years|
|Maximum age at entry||59 years|
|Maximum age at Maturity||69 years|
|Policy Term||10 years|
|Premium Payment Term||Single Pay and 5 Pay|
|Premium Modes||Single/ Annual/ Semi Annual/ Quarterly/ Monthly|