Life Insurance Saving Plan

We offer Life Insurance Saving Plan to our clients in Tiruvannamalai, Tamil Nadu, India.

1. Life Cover till age 85
In this plan you can choose to pay for a few years (12, 16, 20 or 24 years) while your life cover continues till the age of 85. In case of an unfortunate event, your family gets a guaranteed pay out immediately, which will be highest of the following:
- 10 times the annual premium + Accumulated Bonuses
- Sum Assured + Accumulated Bonuses
- 105% of the premiums paid
2. Tax Free Wealth Creation
You are eligible for bonuses from the first year of policy till the age of 85, irrespective of the premium payment term chosen. A tax free lump sum amount equal to sum assured and accumulated bonuses will be given on maturity.
You save tax on premiums paid under section 80C and on benefit amounts under section 10(10D) of the Income Tax Act.
3. Get Money Back as you pay premium
You start getting guaranteed money backs within a few years of starting the policy. The money backs will equal your sum assured and will be paid over 4 installments as shown in the table below. Key Features
Minimum / Maximum Entry Age
15 to 50 years (For PPT 12,16, or 20 years)
15 to 46 years (For PPT 24 years)
Maximum Premium Ceasing Age
70 years
Policy Term
Till age 85 years
Premium Paying Term (PPT)
12, 16, 20 and 24
Maturity Benefit
Sum Assured + Accumulated Bonuses
Life Cover
Highest of following:
- 10 times the annual premium + Accumulated Bonuses
- Sum Assured + Accumulated Bonuses
- 1