Income Replacement Plan - A Monthly Income Term Insurance Plan

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A Term Plan That Offers Monthly Income

A monthly income replacement plan 

An ideal plan to ensure continuity of monthly income for the family after death of bread winner. The show has to go on irrespective of who runs it. With an Income Replacement Plan, your family need not despair after youre not around to look after them. UIN No: 147N006V02


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Benefits so good, they have to be true!

Death Benefit

Death Benefit

On death of the life assured during the policy term, company pays chosen monthly benefit, increasing at 5% every policy year to the nominee till the end of policy term or 5 years, whichever is later. 

Death Benefit

On death of the life assured during the policy term, nominee will get monthly benefit

Death Benefit

Death Benefit

On death of the life assured during the policy term, company pays chosen monthly benefit, increasing at 5% every policy year to the nominee till the end of policy term or 5 years, whichever is later. 

Tax Benefits

You can avail tax benefits under Section 80C and Section 10 (10D)

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 maxi...

The minimum and maximum entry age

Minimum : 18 years

Maximum : 60 years

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

The minimum and maximum maturity age

Minimum : 28 years

Maximum : 70 years

What is the minimum and maximum policy term?
The minimum and maxi...

The minimum and maximum policy term

Minimum : 10 years

Maximum : 30 years

What is the sum assured benefit?
The sum assur...

Chosen “Monthly Benefit ” will be paid monthly in arrear increasing at 5% every policy year to the nominee till the end of the term OR 5 years, whichever is later on death of life assured, payable when the unfortunate event of death of life assured has been confirmed.

What is the premium paying term and frequency?
The premium paying ter...

The premium paying term and frequency

Single, 5, 10*, 15# and regular

*for policy term 20 and above only

# for policy term 25 and above only 

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Additional resources

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