- Guarantee as it should be
At the time of buying Incomesurance, you know exactly how much you will get as guaranteed
- Limited premium payment term
You pay premiums only for the first 5 years of the policy.
- Guaranteed annual payouts
You will receive guaranteed annual payouts at the end of each year from the 6th
to the 10th policy year. These payouts are a defined percentage of your annual premium*
depending on your age at entry.
- Flexibility to choose premium amount as per your needs
You can decide the premium amount based on how much money you want as guaranteed
annual payouts from the 6th to 10th year of the policy.
- Financial protection against uncertainty
In case of the unfortunate death, your family will get 10 times the annual premium*
as death benefit regardless of any payouts received by you in the past.
- Two tax benefits
You get tax benefit of Section 80(C) of the Income Tax Act, 1961 on premiums paid
towards Incomesurance. The payouts you receive are also tax free under Section 10(10D)
of the Income Tax Act, 1961. Please consult your tax advisor for more details.
- Loan facility
Loan amount granted will be limited to 85% of Guaranteed Surrender Value available
under the policy subject to a minimum loan amount of Rs 5000.
- In case of financial emergency
You have the option to surrender the policy in case of a financial emergency after
you pay 2 annual premiums from the date of commencement of your policy.
- Exclusive funds for your loved ones
You can create an exclusive fund for your loved ones by endorsing your policy under
the Married Women Property Act, 1874. These funds are legally protected from creditors
For more information on plan benefits, please refer to the product brochure.
*(Excluding service tax, education cess and extra mortality charges)