Wealth Plus - a ULIP Plan that invests with you

Your premiums are exempt from tax under section 80(C) and even the maturity amount is exempt under section 10(10D). Tax benefits are subject to changes in the tax laws.

Every year, additional allocations (as a percentage of one annualised premium) are added to the fund on every premium paid by you during the premium paying term thereby accelerating your wealth accumulation.

 

Policy Year	Extra Allocations / Premium Boosters (% of one annualised premium)
1 to 5	1%
6 to 10	3%
11 to 15	5%
16 to 20	7%

You have an option to choose one of the following investment strategies based on your profile and risk appetite:

Life stage and duration based strategy: We will manage your asset allocation. This creates an ideal balance between equity and debt based on your age and years to your goal.

Self-managed strategy: Wherein your money will be allocated to your choice of fund(s) out of 5 different funds.

Opt for Rising Star Benefit to ensure that your child’s future financial needs are taken care of even in your absence. On death of the parent, a lumpsum amount will be paid immediately. All future premiums would be waived off and immediately credited to your fund value by the Company plus all the applicable additional allocation will be added to the policy as and when due. Your child continues to enjoy the policy benefits.