Advantages

• The chosen amount is automatically invested from your bank account into the plan
• This plan is a 'With Profits' savings policy, which offers the following features

  • The policy receives simple reversionary bonuses, which are usually added annually
  • At maturity, the policy pays out the basic Sum Assured plus Reversionary Bonuses declared during the policy term. Interim or Terminal Bonus may also be payable, if declared
• On death during the first year, a sum equal to 80% of premiums received is payable. On death after the first year and during the policy term, all premiums paid to date will be returned with compound interest calculated at 6% per annum, subject to a maximum of the Sum Assured plus Reversionary Bonuses declared till date
• Tax benefit under Section 80C and 10(10D) of Income Tax Act 1961, subject to provisions contained therein