- Lump sum payout at Maturity
At maturity, you receive maturity sum insured (guaranteed from the day of commencement
of the policy), plus vested guaranteed additions, plus vested reversionary bonuses,
plus interim bonus and terminal bonus (if any).*
- Guaranteed Additions to safeguard your savings**
Lifesurance gives you the benefit of guaranteed additions that safeguards your investment.
In the first 5 years of the policy, you get guaranteed additions at the rate of
Rs. 50 per Rs. 1,000 of maturity sum insured, for each full annual premium paid
- Bonuses to boost your savings
From the 6th policy year, your Lifesurance policy will receive reversionary bonus
which will be accrued to your policy at the end of each policy year. If your policy
has any terminal bonus, it will be paid out at maturity or on death.
- Flexibility to plan for your needs
You have the freedom to choose the right combination of policy term and premium
payment term as per your needs.
- Double Protection – Accidental Death Benefit#
Your nominee will get an additional payout in the unfortunate event of an accidental
death during the premium payment term.
- High Sum Insured Rebate
Lifesurance offers attractive premium discounts, if you opt for a maturity sum insured
of Rs. 10 lac and above.
- Advantage Women
Lifesurance offers an additional premium discount for female lives. The premium
payable for a female policyholder will be equivalent to the premium for a corresponding
3 year younger male policyholder.
- Exclusive funds for loved ones
By endorsing your LIfesurance policy under Married Women’s Property Act, 1874, you
can create an exclusive fund for your loved ones which is legally protected from
creditors and claimants.
The policy has loan provision of upto 85% on the policy’s surrender value.
- Tax Benefits
Lifesurance allows you to enjoy deductions under section 80C(of the Income Tax Act,1961)
on all premiums paid. The maturity benefit and the death benefit are also tax-free
under section 10(10D).(of the Income Tax Act,1961)