- Systematic Allocator to help you build wealth with ease
You have two options of managing funds in Wealthsurance Suvidha. You can either
manage the funds yourself or opt for Systematic Allocator. If you opt for Systematic
Allocator, you will enjoy a balance between growth and safety. In the early policy
years, your investment will have a higher exposure to equity. This will help your
investments have the potential to earn you higher returns. As the policy approaches
maturity, your investment will be automatically rebalanced to reduce the exposure
to equity. This ensures that your investment is protected from the ups and downs
of the equity markets. For more details on Systematic Allocator, please refer to
the product brochure.
- Option to choose how long you want to stay invested
With Wealthsurance® Suvidha, you can choose the policy term (PT) which is the duration
for which you want to stay invested. In addition, you can also choose how long you
want to pay your premiums by choosing the premium payment term (PPT) most suited
to your needs. Please refer to the product brochure for combinations of PT and PPT
- Guaranteed loyalty additions to boost your wealth*
At the end of the 10th policy year and every 5 years thereafter, you get guaranteed
loyalty additions to boost your wealth.
- Financial protection against uncertainty
In case of an unfortunate death during the policy term, your nominee gets the death
benefit which is the sum assured or the fund value at that time, whichever is higher.
At any time during the policy term, the death benefit will be more than 105% of
all premiums paid.
- Partial withdrawals for emergency fund requirements
In case of a financial emergency, you can make partial withdrawals from your funds
any time after the 5th policy year. For more information on partial withdrawals,
please refer to the product brochure.
- Two tax benefits
The premiums you pay under Wealthsurance® Suvidha are eligible for tax benefit under
Sec 80C of the Income Tax Act, 1961. The maturity benefit and death benefit are
also tax free under Sec 10(10D).
- Flexibility to switch funds and investment options
You can switch your investment option between Systematic Allocator and managing
your funds by yourself. Also, if you are managing your funds yourself, you can also
switch from one fund to the other.
- Option to surrender
Wealthsurance® Suvidha also provides the feature of surrendering the policy free
of charge after the 5th policy year. A surrender amount equal to the fund value
as on date will be paid out. Discontinuance charge will be applicable for policies
surrendered within the first 5 years of the term.
- Exclusive funds for loved ones
By endorsing your Wealthsurance® Suvidha policy under the Married Women’s Property
Act, 1874, you can create an exclusive fund for your loved ones which is legally
protected from creditors and claimants.
For more information on plan benefits, please refer to the product brochure.