Cash Income - An Endowment Insurance Plan For Retirement

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Retirement Plan with Monthly Cash Income Flow

Endowment plan for retirement

A plan where you pay premium for 20 years and get protection till age 100. It provides monthly money-back from 21st policy year till 40th policy year and a lump-sum benefit at the end of 40th policy year. A guaranteed plan that first gives you regular, increasing and tax free income for 20 years & then pays you a lump sum amount twice in the policy. UIN No: 147N023V01


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Benefits so good, they have to be true!

Survival Benefit

Survival Benefit

 Cashback payout:

1) will be made from 21st policy year till the 40th policy year

2) increases from 22nd policy year at a simple rate of 6% p.a of annualized premium.

3) will be made at the end of each policy month, equally distributed over 12 months of each policy year

Lump sum payout:

Guaranteed lump sum amount is payable at the end of the 40th policy year as a specific % of initial sum assured depending on entry age.

Survival Benefit

Guaranteed lump sum amount is payable at the end of the 40th policy year as a specific % of initial sum assured depending on entry age.

Survival Benefit

Survival Benefit

 Cashback payout:

1) will be made from 21st policy year till the 40th policy year

2) increases from 22nd policy year at a simple rate of 6% p.a of annualized premium.

3) will be made at the end of each policy month, equally distributed over 12 months of each policy year

Lump sum payout:

Guaranteed lump sum amount is payable at the end of the 40th policy year as a specific % of initial sum assured depending on entry age.

Maturity Benefit

Company pays an amount equal to 100% of initial sum assured as maturity benefit

Maturity Benefit

Maturity Benefit

On survival of the life assured up to age 100, company pays an amount equal to 100% of initial sum assured.

Tax Benefits

You can avail tax benefits under Section 80C

Tax Benefits

Tax Benefits

 You can avail tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

Currently, Under Section 80CCC, premiums up to Rs. 1,50,000 are allowed as a deduction from your taxable income each year.

Tax benefits are subject to changes in taxation laws.

Death Benefit

A lump-sum payout is paid by the company in case of death of the life assured

Death Benefit

Death Benefit

1) On death of the life assured during the policy term,company pays death sum assured.

2) Death Sum Assured increases at a simple rate of 6% p.a of initial sum assured from 2nd policy year till 40th policy year. From 41st policy year till end of policy term, Death Sum Assured would be equal to 200% of sum assured.

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the minimum and maximum Sum Assured?
The minimum and maxi..

The minimum and maximum Sum Assured as below:

Minimum : 2.65 lakhs

Maximum : no limit

What is the minimum and maximum entry age?
Minimum : 91..

Entry Age:

Minimum : 91 days

Maximum : 50 years

What is the maximum maturity age?
The maximum..

The maximum maturity is 100 years.

What is the premium paying term?
The premium paying term..

The premium paying term is 20 years.

What is the premium payment frequency?
Monthly, semi-annual, annual

Monthly, semi-annual, annual 

What is the duration of the policy term?
The duration...

The duration of the policy term can be caluclated by

100 – (age at entry)

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Additional resources

Product brochure view & download pdf
Sample contract view & download pdf
Product disclaimer read more