This is what we offer with the plan

  • Benefits

    Death benefit

    In case of death of an insured member before the expiry of the cover and while the cover is still in force, a Death Benefit will be paid immediately. The amount of death benefit payable depends on the Death Benefit option and Cover Option chosen by the insured member as described below.

  • Benefits

    Maturity benefit

    There is no maturity benefit for either the reducing cover option or level cover option under this plan.

  • Benefits

    Surrender

    When the Master Policyholder surrenders the Master Policy, an option to continue in the cover will be given to the Insured Member. If the Insured Member opts to withdraw from the policy, then surrender value for the Insured Member will be paid and the life cover ceases immediately.

  • Benefits

    Tax benefits

    The policy offers tax benefits as applicable under section 80 C and 10(10D) as per provisions of the Income Tax Act, 1961. Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.

Sample Policy DocumentDownload

Know the eligibility for this plan

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50 lives|No limit
15 years (Only for Education loan) 18 years (All other loans) |65 years
65 years (Max)
1 year (Min)|20 years (including moratorium period, if any)
Single premium
1 year (Min)|7 years (Max)
Rs.50,000|Rs.30,00,00,000
eligibility
I am years old
I would like a return of Lakhs
At the end of years

You are eligible.

You are not eligible.

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