A guaranteed return plan catering to the need of wealth accumulation UIN No: 147N031V01
Guaranteed Accrual Additions
Provides attractive Guaranteed Accrual Additions
Provides additional benefits for higher annualized premium
key benefits for this product
On death of the Life Assured during the policy, company pays : Sum Assured on Death plus Guaranteed Accrual Additions(GAA), if any.
GAA is calculated as a specific percentage of total annualized premiums paid.
On survival of the Life Assured till maturity, company pays:
Sum Assured on maturity (SAM) + Cumulative Guaranteed Accrual Additions + Large premium benefit(LPB), if any
LPB = If annual premium is in excess of Rs.40000/- ,there is an additional payout on maturity for every Rs.20000 in excess of Rs.40000/-
You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961.
Premium paid for Critical Illness Rider, if opted, may qualify for a deduction under Section 80D of the Income Tax Act, 1961.
Tax benefits are subject to change in the tax laws.