IN UNIT LINKED INSURANCE POLICIES, INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Take a step ahead to secure your life

SHARE THIS PAGE

Please Enter Valid Mobile Number

Please select Gender value

Sabse Pehle Life Insurance

What is the Sabse Pehle Life Insurance campaign all about?

Life Insurance should be the base of your financial planning. Before you decide to look at other financial instruments, ensure that you have protected and provided for those who matter in your life.

Sabse Pehle Life Insurance is Indian life insurance industry’s first joint mass media campaign launched by the Life Insurance Council. This campaign aims to encourage Indian households to opt for adequate life insurance cover as the fundamental necessity in their lives.

Why was the Sabse Pehle Life Insurance Campaign launched?

Penetration of Life Insurance in India is very low. Some of the reasons for this are

  • People perceive life insurance as a cost & not a necessity
  • Unlike motor insurance, life insurance has not been made mandatory by the government
  • People buy life insurance only for tax saving³ purposes

The Sabse Pehle Life Insurance Campaign has been launched to create awareness about the importance of Life Insurance and it's benefits for everyone. There have been a lot of market myths which is causing confusion amongst customers and the campaign aims to bring customer attention to the right things about why life insurance should be first. In addition, it also aims at demystifying the purchase process & encourages people to make life insurance their first priority.

What is life insurance in simple words?

Life Insurance is a contract between an insurance company and an insurance policy holder, where the company agrees to pay a pre-decided amount of money (called Life Cover or Sum Assured) in case of the unfortunate death of the policy holder. The policy holder has to pay premiums towards the policy. In event of death, life cover helps the policy holder’s family take care of immediate financial liabilities such as loans, children’s education etc.

Why should I buy Life Insurance?

Because, you are not Superman. We are human, we grow old, we may not always be around to provide for our family. A life insurance plan may not keep bad things from happening to you, but it offers a financial cushion to support you and your family. It also makes sure your family finances are taken care of, even if when you’re not around.

When is the best time to get life insurance?

Yesterday.

We understand, you’ve got your loans and your bills and your parties and saving money for an insurance policy seems like a stretch. But it is simply a smart move to be financially prepared for the future.

Buying insurance is usually cheaper when you're younger. An insurance company calculates the premium based on your age and medical conditions. When you’re young > you’re healthy > risk to the company is less > lesser premium amount!

What are the types of life insurance policies in India?

There are mainly four types of Insurance plans in India. 

How much does life insurance cost?

There are different types of life insurance plans to cater to the needs of the buyers. For each type and plan, the policy premium amount is calculated differently.

If you are looking to purchase your first life insurance plan, you should look for term life insurance plans. As you can get a life cover of a considerably high Sum Assured for a minimal premium amount.

You can calculate term life premium yourself and it takes just a few seconds. Simply,

1. Click here
2. Enter a few simple details
3. Hit a button which says “Calculate Premium”

Till when can a life insurance policy provide life cover?

Life Insurance policies offer life cover for the duration of the policy term or till a claim is filed and settled as per the terms and conditions of the policy. The policy term is chosen by you at the time of purchase of the policy.

What will happen to my policy if I miss out on paying premiums on time?

If you miss out on paying premium for your Life Insurance policy, you are given a 30 day grace period. If premiums are still not paid during the grace period, the policy will lapse and benefits of the policy won’t apply to you. However, you can still reinstate your policy within a period of two years from the due date of the last premium.

What happens after the policy term ends?

At the end of your policy term, your life insurance policy matures. You receive all maturity benefits of the policy, if any, and the life cover ceases. And there is no need to pay further premiums.

How can I pay Life Insurance premiums?

You can opt to pay your premiums through payment options like:

  • Credit Card
  • Debit Card
  • Netbanking
  • Payment Wallets

If you set a standing instruction (SI) with your policy and the premium amount will get automatically debited from your account at the time of renewal.

What does appointing a nominee mean?

When you appoint a nominee, you enable that person to receive policy proceeds in the event of your untimely death without the necessity of producing any legal evidence of title to your estate.

What is renewal premium?

All premiums subsequent to the first premium are called as renewal premium.

Who is a beneficiary?

The person named in the policy as the recipient of insurance proceeds upon the death of the insured.

Do I need more than one Insurance Policy?

There are different types of life insurance plans to cater to the needs of the buyers. If a single policy does not meet all your insurance objectives, you should go for a portfolio of policies to plan for your different life goals.

What are the benefits of buying Life Insurance plans online?

When you buy a life insurance plan online, the insurance company usually saves on distribution cost, which is reflected in a lower premium amount. What we mean is, it is usually cheaper to buy an insurance policy online.

Just select a plan which best suits your needs after carefully understanding the product, fill in the required details accurately and pay the premium. Your application will be checked by underwriting teams and processed. You’ll get the policy document in just a few days!

How to buy a Life Insurance plan online?

Select a plan which best suits your needs after carefully understanding the product, fill in the required details accurately and pay the premium. Your application will be checked by an underwriting team and processed further. You’ll get the policy document in just a few days!

Why do insurance companies ask for personal habits like smoking etc when buying a term life insurance plan?

The premium generally varies from a smoker to a non-smoker. Premium is generally higher for a smoker as he/she falls in a high-risk category.

Will my premium amount increase or decrease over time?

Once the policy is issued to you, the premium amount stays the same throughout the entire tenure of the policy. Except for factors like addition of riders or declaration of habits like smoking, drinking etc. or the declaration pertaining to a hazardous employment nature etc.

Will term policy apply in case of the policyholder’s demise outside India?

Yes. Term insurance, once in effect, will apply even in case of policyholder’s unfortunate demise outside India.

Why should I add an Accidental Death Benefit rider if accidental deaths are already covered under base plan?

Yes, accidental death is covered under base term insurance plans, but having an additional accidental death benefit cover serves as a great benefit. In case of an accident, an additional amount will be paid to you by your insurer along with the base life cover during the term of the policy.

Why should I add riders to my term life insurance plan? Are riders important?

Riders are ways to customize your policy. They offer additional covers for situations like death by accident, critical illness, permanent disability etc. The riders you choose depend on your way of living, requirements as well as financial stability.

Can I change my nominee or include one after the policy is issued?

Yes. You have an option to change the nominee whenever you want during the policy term as per the terms and conditions of the policy you’ve purchased.

Will my premium amount increase or decrease over time?

Once the policy is issued to you, the premium amount stays the same throughout the entire tenure of the policy. Except for factors like addition of riders or declaration of habits like smoking, drinking etc. or the declaration pertaining to a hazardous employment nature etc.

How much life cover do I need?

You should decide your life cover keeping in mind your income, the debts or loans you have and your financial dependents. It is usually suggested that your life cover should be at least 10 to 15 times your annual income. If you have loans such as home loans, car loans, etc. then you should factor that in too.

Use this formula to know your ideal life cover:
Life Cover = [10 x annual income + outstanding loans + other liabilities]

What are the benefits of buying a Life Insurance plan online?

Buying a life insurance policy, as early as you can, is always a wise financial decision, here’s why:

 

  • FINANCIAL SECURITY
    Term Life Insurance plans are a great way to make sure that your family will be financially secure even after you’ve passed on.

     

  • WEALTH CREATION
    Unit-linked Insurance plans offer you an opportunity to build wealth. Most of the premium you pay towards these policies is invested in markets to get you returns over the long term.

     

  • RETIREMENT PLANNING
    Retirement and Pension plans help you accumulate wealth during your work life. Once you retire, this plan offers an option for regular pay-outs.

     

  • CHILD EDUCATION PLANNING
    A child plan makes sure that money problems never get in the way of your child’s education, even in your absence.

     

  • TAX SAVINGS³
    Life Insurance premiums paid are deductible from taxable income under Section 80C. The payout (maturity amount) received under an insurance policy is also exempt subject to conditions under Section 10(10D) of the Income Tax Act, 1961. This means that neither the amount you invest will be taxable nor the returns that you would get at the end of the policy

     

What is a Term Plan?

Term plans offer you a pure life cover for the duration of the plan.
If something unfortunate happens to you, your nominee receives the life cover amount.
All Edelweiss Tokio Life term plans have unique benefits and advantages, click here for more details.

What are ULIP Plans?

ULIPs or Unit linked Insurance plans are essentially life insurance policies which also help you create wealth over the long term.
Part of the premium you pay for ULIP plans goes towards your life cover and the remaining amount goes into a fund which is then invested in the markets.
If the fund you’re invested in does good, the returns you get on your investment would be good.

What are Pension Plans or Retirement Plans?

Wouldn’t you like to have a steady income even after retirement?
Pension Plans or Retirement Plans help you do just that. The premium you pay towards these plans help you create a retirement corpus. And after you retire, the plan gives back regular pay-outs.
But, if you ask us, a ULIP is a good option to plan for your Retirement. You’ll have options to switch between the funds your ULIP invests in depending on your risk appetite, on the tax-savings³ front, ULIPs are eligible for tax exemption under Sections 80C and 10(10D) of the Income Tax Act, 1961.
So, don’t wait up, start saving with our award-winning ULIPs. For more details, click here.

What are Money Back Plans?

Some of us like to keep investments simple. We just want a guaranteed¹ amount at specific intervals and/or a maturity benefit after the policy term ends and tax benefits³ don’t hurt anyone. We want to stay away from the markets and bulls and bears and bells.
If plans like this mildly excite you, go for money back plans.
Edelweiss Tokio Life has created a plan which guarantees¹ amount that you would get at the end. Figure out what we mean by that, click here.

Is there any insurance plan for children

Understanding what your child wants can be tricky. Your kid might want to become a dog-petter one day and a cricketer the next. Whatever the dream, it is always wise to be financially prepared for their education and a good future. Savings &  Investment Plan makes sure that money problems never get in the way of your child’s education, even in your absence.

Click here to know more.

What is an insurance claim?

A claim on an insurance policy is a formal notification to the insurance company that you have suffered a loss that is covered by the policy and you are requesting the payout.
The insurer reviews your claim and checks if the event or circumstances are risks covered by the policy.
If your claim is accepted, any payment by the insurer is called the benefit or payout.

What is claim settlement ratio in simple words?

Claims Settlement Ratio is the total number of death claims approved by an insurance company divided by the total no. of death claim the insurance company receives. The balance claims are either rejected for impersonation, misrepresentation, fraud, etc. or pending for decision by the life insurance companies. This ratio is generally measured over a period of one financial year.

What can I do so that mine or my family member’s claim is not rejected?

1. Make full disclosure about your previous medical conditions
2. Fill in all the details yourself (as an agent or intermediary might not be aware of your personal details and may miss out on crucial information)
3. Make your nominee aware of claim process and the documentation

What is a Term Insurance Plan?

Term plans offer you a pure life cover for the duration of the plan.
If something unfortunate happens to you, your nominee receives the life cover amount.
All Edelweiss Tokio Life term plans have unique benefits and advantages, click here for more details.

What are the benefits of buying a Term Life Insurance Plan?

Besides the peace of mind which comes from knowing that your family would be financially secure even after you’ve passed on, buying a life insurance policy has many benefits.

 

  • HIGH LIFE COVER AT LOW COST
    Term Insurance Plans offer you the highest life cover for the lowest premium amount.

     

  • TAX BENEFIT³ U/S 80c
    Of course there are tax benefits³! Life Insurance premiums paid are deductible from taxable income under Section 80C. The payment (maturity amount) received under an insurance policy is also exempt subject to conditions under Section 10(10D) of the Income Tax Act, 1961.

     

  • LONG TERM PROTECTION
    Term Insurance Plans offer you a life cover up to the age of 99. Or you could opt for the Limited Pay option where you can opt to pay premiums for a short period of time and get a life cover for a longer one.

     

  • ADD ON BENEFITS
    Many term insurance plans offer a host of add on benefits and riders such as accidental cover, critical illness cover, etc. These modifications help you make the term plan stronger.

     

How to calculate term life insurance premium?

First of all, put down your calculators, your abacuses and no, you can’t count it on your fingers and toes.

Calculating your term life insurance premium is just a matter of a few clicks. To calculate your premium:

  1. Enter a few simple details
  2. Hit a button which says “Calculate Premium”
  3. C’mon now, give it a try. Click here.

What is the difference between term insurance plan and whole life insurance plan?

Premium of any insurance policy is dependent on many factors like duration, age, sum assured, etc.
A term plan offers a pure life cover till an age, which could be the whole life in some plans. However, whole life is a feature of an investment plan as well, in which you pay premiums to build wealth.

How to buy a Term Life Insurance plan online?

Congratulations on your decision to secure your family’s future! Let’s get you insured, shall we?

Step 1: Choose a plan

Edelweiss Tokio Life - Zindagi Plus

This term plan is an innovative and customisable term life insurance plan. It can offer double protection for your family with the Better Half Benefit option and also offers the below options:

  • Additional life cover for spouse
  • Top-up on premium
  • Increase in life cover as per life stages
  • Decrease in sum assured by 50% after turning 60
  • Lumpsum or monthly payout option
  • Waiver of premium for critical illnesses

 

Step 2: Determine your life cover

It is usually suggested that a term life insurance cover should be at least 10 to 15 times of your annual income. If you have loans such as home loans, car loans, etc. then you should factor that in too. Use this formula to know your ideal life cover:

Life Cover = [10 x annual income + total outstanding loans + other liabilities]

For instance, if your annual income is ₹ 15 Lakhs, it is ideal to buy term life insurance cover of at least ₹1.5 Crore, assuming that you do not have other liabilities. In case you have a home loan of ₹50 lakhs, include this amount in your life cover.

Step 3: Calculate your premium

And, that’s simple enough! Simply click here, enter a few details, select the amount and tenure of insurance cover and click on ‘Calculate Premium’

Step 4: Make Payment

You can opt to pay your premiums monthly, half-yearly or yearly through payment options like:

  • Credit Card
  • Debit Card
  • Netbanking
  • Payment Wallets

Step 5: Fill the proposal form

You will be asked to fill out the proposal form with your details.

Step 6: Submission of documents

You will have to submit the following or more documents for issuance of policy

  • KYC documents such as proof of name, address, identification and photo e.g. Aadhar Card
  • Income proof e.g. Income Tax³ Returns

 

What are the tax benefits³ of term insurance plan?

Apart from being a great way to make sure you save regularly for your family’s future, Life Insurance plans are also an efficient tax-saving instrument. You get tax deductions on premiums as well as tax exemptions on death benefits under section 80C and 10(10D) respectively.

Under Section 80C, premiums that you pay towards a life insurance policy qualifies for a deduction up to ₹1.5 lakh, while Section 10(10D) makes income on maturity tax-free³ if the Life Cover is at least 10 times the premium.

It is wise to consult a tax expert and take an informed decision because the benefits can vary for your specific case and tax bracket.

Note: We as Indians (brace yourself for a stereotype) pride ourselves in two things: 1. Jugaad
2. Last-minute preparation

Some people among us use these skills and buy insurance ONLY because it helps in saving tax³. If you were planning to do just that or you’ve already done it, please make sure you know everything about the insurance plan. We write stuff like “Please read the sales brochure carefully before concluding a sale” in all our disclaimers for a reason.

How much life cover do you need?

You should decide your life cover keeping in mind your income, the debts or loans you have and your financial dependents. It is usually suggested that your life cover should be at least 10 to 15 times your annual income. If you have loans such as home loans, car loans, etc. then you should factor that in too.

Use this formula to know your ideal life cover:

Life Cover = [10 x annual income + total outstanding loans + other liabilities]

What is an accidental death insurance benefit?

Accidental death benefit is a rider you add to your base plan. If Accidental Death Benefit is included in your term plan, 100% of the rider sum assured is paid on top of the base sum assured in case of the policyholder’s unfortunate demise due to an accident.

What is critical illness insurance benefit?

A critical illness insurance benefit offers an insurance cover to the policyholder against life threatening critical illnesses like cancer, heart-related illness, etc. It provides a lumpsum benefit on the diagnosis of any critical illness that is predefined in the plan.
The health insurance plan you may have or the health insurance coverage which your employer provides, may not be sufficient. Because when it comes to critical illnesses, it’s not just hospital expenses, there’s doctor visits, medical expenses etc. So, it’s better to get an added critical illness benefit pay out to help you with the added expenses without dipping into your long-term savings.

Will my term life insurance cover my family members

A term insurance plan offers a life cover to the policyholder only. But, you can ask your insurer for a plan which covers both you and your family member.
If you ask us, we’ll tell you that Edelweiss Tokio Life Zindagi+ offers better half benefit which means, a single term life insurance plan can have benefit for both you and your spouse. Click here for more details.

What are ULIP Plans?

ULIPs or Unit linked Insurance plans are essentially life insurance policies which also help you create wealth over the long term.
Part of the premium you pay for ULIP plans goes towards your life cover and the remaining amount goes into a fund which is then invested in the markets.
If the fund you’re invested in does good, the returns you get on your investment would be good.
>Edelweiss Tokio Life has won the coveted Golden Peacock Award 2018 (Product Innovation) for its ULIP plans.

Is ULIP a good option to create wealth?

Yes.
ULIPs help you build wealth over the long term thanks to the power of compounding, which means that even if you invest a small amount for several years consistently, it will grow into a large corpus.
ULIPs offer benefits like tax deductions (under Section 80C) and returns generated are also tax exempted (under Section 10(10D)).

Why should you tell your kid to invest in a ULIP plan?

The Power of Compounding

One of the main benefits of starting early is the power of compounding which provides the foundation for time value for money. Even if you invest a small amount for several years consistently, it will grow into a large corpus.

Balanced Investment Portfolio

The other basic rule of sound investing is to have a balanced investment portfolio. This simply means that you need a mix of financial plans for both your long-term goals and short-term goals. This strategy attempts to balance risk versus rewards by adjusting and rebalancing each asset in an investment portfolio according to the investor’s risk appetite.

How to choose the best ULIP plan?

Here are a few things you should keep in mind before choosing a ULIP:

  • Always good to have options
    Go for a ULIP plan which offers a wide range of fund options with varying allocation in equities. It’s better to diversify and have lower risk than to stick with one or two funds.
  • Switch karo, khush raho
    Always go for ULIP plans that offer the facility of unlimited switching between funds. This means you can, anytime, choose to stop investing in a fund and switch to another fund if you think that will be a more suitable option for you.
  • Don’t pay more than you have to
    Always choose a ULIP plan after looking over your financial position so that the premium doesn’t create a financial burden on you. Keep in mind that if you are unable to pay the premium your policy can lapse, which is never good.
  • Redirect at your will
    Go for a ULIP plan that offers the facility of redirecting your premium. This means that you can choose what percentage of your premium is invested in which fund and can anytime, reduce or increase that percentage as you deem fit.
  • Fund check
    Check the past performance of the individual funds and choose the plan which has high rated individual funds. This will ensure that your funds are comparatively safer in the volatile market.

Edelweiss Tokio Life Wealth Plus provides you with features that make up for an ideal ULIP plan as it contains facilities like:

  1. Facility to switch your accumulated investment from one fund to another at the opportune time free of cost
  2. Option of redirecting your premium in funds of your choice
  3. Access to your wealth, through partial withdrawal
  4. You can choose to pay premium for a limited time, yet the wealth accumulation and insurance protection for a longer period of time
  5. Tax benefits³ under Section 80C and Section 10 (10D) of Income Tax Act, 1961
  6. Additional allocation and premium boosters will help in accumulating your wealth to a great extent
  7. Rising Star Benefit, under which if an unfortunate event occurs to the policyholder then all the future premiums will be immediately credited in the fund. This acts like a child plan where the nominee receives a lumpsum amount and the investment grows as planned by the parent.

What are Death and Maturity Benefits in a ULIP?

Death and maturity benefits are central to any ULIP policy irrespective of the insurance provider the scheme is availed from.

Death Benefits

Death benefits of ULIPs are offered in case of unfortunate demise of the policyholder.

Maturity Benefits

Maturity benefits are offered to policyholders when the policyholder survives till the maturity period. Maturity benefits are equal to the amount of fund value.

Can I buy ULIP for 5 years?

The best ULIP plans help you build wealth over the long term. Part of the premium you pay towards a ULIP plan goes into a fund which is invested in the markets. The returns you get from these plans depend on the fund performance. So surely you can buy for 5 years. However, the longer you stay with the plan, better are the chances of building your wealth.

Click here to check out how funds of Edelweiss Tokio Life have performed over the years.

What are the tax benefits³ of term insurance plan?

Apart from being a great way to make sure you save regularly for your family’s future, Life Insurance plans are also an efficient tax-saving instrument. You get tax deductions on premiums as well as death or maturity benefits under section 80C and 10(10D).

Do I have to pay tax on life insurance premiums?

You can avail an exemption of up to Rs 150,000 under Section 80C of the Income Tax Act, 1961 towards premium paid on life insurance policies. This also includes premium paid by you for life insurance for your spouse or your child.

Will I be able to claim tax benefits¹ if I stop paying premiums on my life insurance policies?

No. If you stop paying premium for your policy, the policy lapses and you are not eligible for the benefits offered by the policy.

Are life insurance proceeds or payouts taxable?

Under Section 10(10D) of Income Tax Act, 1961 income on maturity is tax-exempted if the premium is not more than 10% of the sum assured or the sum assured is at least 10 times the premium.
But if the sum assured is less than 10 times the premium—for instance you pay ₹1 lakh as premium for a sum assured of ₹5 lakh—you will get a deduction on the premium up to 10% of the sum assured. In the example, your deduction will be ₹50,000 and not ₹1 lakh ( ₹50,000 is 10% of ₹ 5 lakh).
It is still wise to consult a tax expert and take an informed decision because the benefits can vary for your specific case and tax bracket.

Can I buy life insurance policy for tax savings³ purpose only?

We as Indians (brace yourself for a stereotype) pride ourselves in two things:
1. Jugaad
2. Last-minute preparation

Some people among us use these skills and buy insurance ONLY because it helps in saving tax³. If you were planning to do just that or you’ve already done it, please make sure you know everything about the insurance plan. We write stuff like “Please read the sales brochure carefully before concluding a sale” in all our disclaimers for a reason.

Do pension plans, term plans, endowment plans, ULIPs offer different tax benefits¹?

For tax-saving³ purposes under section 80C, all life insurance plans are equally beneficial as the application of tax laws are same for all plans. However, you need to check for tax free³ maturity benefit in case of pension plans

Are Unit-linked Insurance Policies taxable?

All premiums are deductible from taxable income under Section 80C. The maturity amount received is also exempt subject to conditions under Section 10(10D) of the Income Tax Act, 1961

 

Tax Exemption under Section 80C on Premium Paid:
The premium paid in a financial year is eligible for deduction under section 80C of the Income Tax Act. An individual or a HUF can claim this deduction under Section 80C.

The premium paid by a tax payer is eligible for deduction irrespective of which Life Insurer you choose. Premium paid towards a life cover taken with any insurer that is approved by the Insurance Regulatory and Development Authority of India (IRDAI), is eligible for a Section 80C deduction.

In order to claim deduction under section 80C, the premium paid should not exceed 10% of the sum assured. Further, here it is important to note that covering the life of an individual with a disability referred to under Section 80U or a disease referred to under Section 80DDB, the requirement to claim the deduction under Section 80C is that the premium should not exceed 15% of the sum assured.

Tax Exemption under section 10(10D) on Maturity amount received
The maturity amount in a ULIP is fully exempt from Income Tax under Section 10(10D).
When the premium paid is more than 10% of the sum assured for policy issued after 1st April 2012 or more than 20% for policies issued prior to 1 April 2012, the maturity amount received from life insurance policy is fully taxable.

How is ULIP taxed on surrender?

Before lock-in-period
If the policy is surrendered before the lock-in-period of 5 years, then the entire surrender value will be treated as income for the current year and will be added in Gross Total Income and thus will be taxed as per applicable tax slab rate of the individual.

For instance, if surrender value of ULIP is ₹3 lacs and total income apart from surrender value is ₹15 lacs. Therefore, the total income will be ₹18 lacs and the entire income will be taxed as per slab rate.

After lock-in-period
If the policy is surrendered after the lock-in-period of 5 years, then the surrender value will be exempt from taxation and assured can avail the tax benefit³. For instance, if surrender value of ULIP is ₹3 lacs and total income apart from surrender value is ₹15 lacs. Therefore, the total income will be Rs. 15 lacs and the entire income is taxed as per slab rate.

Will my beneficiary or nominee have to pay tax on my insurance payout?

No, life insurance proceeds including the maturity benefit is not taxable in accordance to Section 10(10D) of Income Tax Act, 1961.

 *Tax benefits are subject to changes in the tax laws

 

 

Steps To Buy Life Insurance Online

Select Insurance
From multiple offerings based on your requirement, select the one that suits your needs.
Share details
You share some details like your date of birth, smoking habit, etc along with your Sum assured requirement
Generate Quote
Based on the information shared, you get an instant online quotation with details like sum assured, premium paying term etc.
Make Payment
With our flexible payment system, you can make the payment using any platform that is convenient to you
Plan Issued
Your plan is issued after your details and documentation is verified

Reasons Why You’re Bound To Love Us Back

We’ve got experience in helping people make their Zindagi unlimited

We’ve got expertise in helping you grow your wealth

We constantly innovate our offerings to get better results for you

More Products You’d Love to Explore

We are always there for you!

0 - Provided the premium paying term is more than or equal to 10 years.

1 - This is applicable only if all due premiums are paid and the policy is inforce.

3 - As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

 

The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.


Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary or policy document of the Insurer. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

 

ARN No: WP/1462/Feb/2021

Share

SHARE THIS PAGE

Rate

RATE THIS PRODUCT