Wealth Accumulation (Cover Plus) - ULIP With Additional Risk Cover

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ULIP that Helps Accumulate for Property or Child Education

A ULIP to meet your wealth accumulation needs

A ULIP plan; Wealth accumulation(cover plus) helps to accumulate money for important events of life along with a risk cover. In addition to wealth accumulation, the additional risk cover ensures security for dear ones in the unfortunate event of premature death of the life assured. UIN No: 147L004V02


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Benefits so good, they have to be true!

Maturity Benefit

Maturity Benefit

 

Fund value is payable on survival of life assured till the end of policy term. Policyholder also has the option to receive the maturity proceeds in lumpsum or in instalments.

Maturity Benefit

Fund value is payable on survival of life assured till the end of policy term.

Maturity Benefit

Maturity Benefit

 

Fund value is payable on survival of life assured till the end of policy term. Policyholder also has the option to receive the maturity proceeds in lumpsum or in instalments.

Death Benefit

Fund value (including top-up fund value) + Sum Assured (including top-up sum assured), subject to minimum of 105% of total

Death Benefit

Death Benefit

 

Fund value (including top-up fund value) + Sum Assured (including top-up sum assured), subject to minimum of 105% of total premiums paid including top-ups paid till the date of death.

Tax Benefits

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

Tax Benefits

Tax Benefits

 

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

Tax benefits are subject to change in the tax laws. 

Check if you are eligible for this product

Here are the rules! Ask us if any doubts.

What is the minimum and maximum entry age?
The Minimum and Maximum...

Entry age (last birthday)

Minimum : 5 years

Maximum : 65 years

What is the minimum and maximum maturity age?
The minimum and Maximum maturity ...

Maturity age (last birthday)

Minimum : 18 year

Maximum : 75 years 

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

10, 15, 20, 25 and 30 years

What is the sum assured?
The Sum assured...

Minimum basic sum assured* :

For entry age below 45 years - AP X higher of (10, 0.5  PT)

For entry age of 45 years and above - AP X higher of (7, 0.25 X PT)

Top-up:

For age of entry below 45 years: top-up premium X 1.25

For age of entry 45 years and above: top-up premium X 1.10 

 

Maximum basic sum assured* :

Regular and limited pay:

For entry age below 45 years - AP X 25

For entry age 45 years and above - AP X 20

Top-up:

Top-up premium X 5

 

*Annualized Premium is abbreviated as AP

What is the premium payment frequency?
The premium payment...

Monthly, quarterly, semi-annually or annually

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

Regular premium: same as policy term

Limited premium: 5/7/10 years

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Additional resources

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