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Plan No. 873
It is a Unit-Linked Life Insurance Plan that offers life insurance coverage along with savings throughout the policy term.
Provides flexibility to choose investment funds based on risk appetite, including Flexi Growth Fund and Flexi Smart Growth Fund.
Guaranteed additions (a percentage of annual premium) are added and converted into units at pre-defined intervals.
Life cover is 7 times of annual premium for age above 55 and 10 times for other ages, ensuring financial security throughout the policy term.
On maturity, the policyholder receives an amount equal to the fund value of units.
Option to choose Double Accidental Death Benefit up to ?1 Crore.
Policy can be surrendered after completion of 1 policy year, and partial withdrawals are allowed after 5 years.
Avail tax benefits under Section 80C against every premium paid and receive tax-free maturity amount under Section 10(10D).
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