Savings
Just as every drops of water makes a mighty ocean, this plan aids you to put aside and accumulate funds for future. This investment provides you with varied features for your short and long term financial objectives.
LIC’s New Jeevan Anand Plan is a participating non-linked plan which offers an attractive combination of protection and savings. This combination provides financial protection against death throughout the lifetime of the policyholder with the provision of payment of lumpsum at the end of the selected policy term in case of his/her survival. This plan also takes care of liquidity needs through its loan facility.
Benefits:
Death benefit :
Provided all due premiums have been paid, the following death benefit shall be paid:
On Death during the policy term: Death benefit, defined as sum of Sum Assured on Death and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, Sum Assured on Death is defined as higher of 125% of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
The premiums mentioned above exclude service tax, extra premium and rider premiums, if any.
On death of policyholder at any time after policy term: Basic Sum Assured
Benefits payable at the end of Policy Term:
Basic Sum Assured, along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits :
The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during policy term provided the policy is in full force.
Final (Additional) Bonus may also be declared under the plan in the year when the policy results into death claim during the policy term or due for the survival benefit payment provided the policy is in full force and has run for certain minimum term.
Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider:
LIC’s Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium during the policy term. In case of accidental death during the policy term, Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.
LIC’s Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount at the time of maturity irrespective of survival of the Policyholder. This plan also takes care of liquidity needs through its loan facility.
Benefits:
Death Benefit:On death of the Life Assured before the stipulated Date of Maturity provided the policy is in full force by paying upto-date premiums, Death Benefit, defined as sum of “Sum Assured on Death”, vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where “Sum Assured on Death” is defined as the sum of:
- Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity.
- Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable on due date of maturity; and
The vested Simple Reversionary Bonuses and Final Additional Bonus, if any, included in the Death Benefit, shall be payable on due date of maturity.
The Death Benefit defined above shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above exclude tax, extra premium and rider premium(s), if any.
Maturity Benefit:“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
In case of death under a policy which is in full force, the policy shall continue to participate in profits upto the date of maturity and the entire vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable on due date of maturity. Hence, the Simple Reversionary Bonus and Final Additional Bonus, if any, shall be payable under the policy on due date of maturity irrespective of survival of the Life Assured.
In case the premiums are not duly paid (except in case of death of the Life Assured under inforce policy), the policy shall cease to participate in future profits irrespective of whether or not the policy has acquired paid up value. However, the policy shall be considered as inforce on death during the grace period.
Final Additional Bonus shall not be payable under reduced paid-up policies.
Optional Benefits: The policyholder has an option of availing the following Rider benefit(s):-LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
-LIC’s New Term Assurance Rider (UIN: 512B210V01)
Rider Sum Assured cannot exceed the Basic Sum Assured.
For more details on the above Riders, refer to the Rider brochure or contact LIC’s nearest Branch Office.
- Annual Income Benefit equal to 10% of the Basic Sum Assured, which shall be payable from the policy anniversary coinciding with or following the date of death of Life Assured, till the policy anniversary prior to the date of maturity.
- Assured Absolute Amount equal to 110% of Basic Sum Assured, which shall be payable on due date of maturity; and
LIC’s Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.
Benefits:
Death benefit:In case of death during the policy term, provided all due premiums have been paid, Death benefit, defined as sum of “Sum Assured on Death”,vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as the higher of 7 times of annualised premium or Absolute amount assured to be paid on death i.e. Basic Sum Assured . This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Premiums referred above shall not include any taxes, extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any.
Maturity Benefit:“Sum Assured on Maturity” equal to Basic Sum Assured, along with vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity.
Optional Benefit:The policyholder has an option of availing the following Rider benefit(s):
-LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01)
-LIC’s New Term Assurance Rider (UIN: 512B210V01)
For more details on the above riders, refer to the rider brochure or contact LIC’snearest Branch Office.
LIC’s New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Benefits:
Death benefit:On death during the policy term provided the policy is in full force, death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of 125% of the Basic Sum Assured or 10 times of annualized premium. This death benefit shall not be less than 105% of the total premiums paid as on date of death.
The premiums mentioned above exclude tax, extra premium and rider premium, if any.
Survival Benefits:In case of Life Assured surviving to the end of the specified durations 15% of the Basic Sum Assured at the end of each of 5th, 10th, 15th & 20th policy year.
Maturity Benefit:In case of Life assured surviving the stipulated date of maturity, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable.
Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force. Final Additional Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity provided the policy has run for certain minimum term.
Optional Benefit:
LIC’s Accidental Death and Disability Benefit Rider:LIC’s Accidental Death and Disability Benefit Rider can be opted for under an inforce policy at any time within the premium paying term by payment of additional premium and the cover will be available throughout the policy term provided the Policy is inforce for the full Sum Assured as on date of accident. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly instalments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.
However, on surrender of an inforce basic policy (which has acquired Surrender Value) to which this rider is attached, a proportion of additional premium charged in respect of cover after premium paying term shall be refunded.
LIC’s Jeevan Umang plan offers a combination of income and protection to your family. This plan provides for annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.
In addition, this plan also takes care of liquidity needs through loan facility.
Benefits payable under an inforce policy:
Death benefit:a. On death of the Life Assured during the policy term provided all due premiums have been paid then:
b. On death during first five years: “Sum Assured on Death” shall be payable.
c. On death after completion of five policy years but before the date of maturity: “Sum Assured on Death” and Loyalty Addition, if any, shall be payable.
Where “Sum Assured on Death” is defined as the highest of 10 times of annualized premium; or Sum Assured on Maturity as defined in 1. b); or Absolute amount assured to be paid on death, i.e. 110% of Basic Sum Assured. The death benefit shall not be less than 105% of all the premiums paid as on date of death.Premiums referred above shall not include any taxes, extra amount chargeable under the policydue to underwriting decision and rider premiums, if any.
Survival Benefit :On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefit equal to 8% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
Maturity Benefit:On the life assured surviving to the end of the policy term, provided all due premiums have been paid, “Sum Assured on Maturity” along with vested Simple Reversionary Bonuses (as mentioned in 2 below) and Final Additional bonus, if any, shall be payable.
Where “Sum Assured on Maturity” is equal to Basic Sum Assured.
Participation in profits :
Depending upon the Corporation’s experience with regard to policies issued under this plan, the policy shall participate in profits during the policy term.
During the premium paying term :Policies shall be eligible to receive Simple Reversionary Bonuses declared as per the experience of the Corporation during the premium paying term, provided the policy is in force.
Final Additional Bonus may also be declared under an inforce policy in the year when such policy results into a claim by death. However, Final Additional Bonus shall not be payable under paid-up policy or on surrender of a policy during the premium paying term.
In case the premiums are not duly paid, the policy shall cease to participate in future profits during premium paying term.
After the premium paying term (applicable only for fully paid-up policies or for paid-up policies with Maturity Paid-up Sum Assured of Rs. 2 lakhs or more):Under a fully paid-up policy (where all premiums payable during the term of the policy are paid) or in a paid-up policy with Maturity Paid-up Sum Assured of Rs. 2 lakhs or more, the terms for participation of profits after the premium paying term may be in a different form and on a differential scale depending on the Corporation’s experience under this plan at that time.
Final Additional Bonus may also be declared under the policy in the year when a policy results into a claim either by death or maturity. In addition, applicable Final Additional Bonus for surrendering policies, if any, shall also be included in Special Surrender Value calculation.
Under a paid-up policy with Maturity Paid-up Sum Assured of less than Rs. 2 lakhs, the policy shall not participate in future profits.
Optional Benefit:
The policyholder has an option of availing following Rider benefit(s):- LIC’s Accidental Death and Disability Benefit Rider (UIN: 512B209V01).
- LIC’s Accident Benefit Rider (UIN:512B203V02)
- LIC’s New Term Assurance Rider (UIN: 512B210V01)
- LIC’s New Critical Illness Benefit Rider (UIN: 512A212V01)
Rider sum assured cannot exceed the Basic Sum Assured.
For more details on the above riders, refer to the rider brochure or contact LIC’s nearest Branch Office.
Eligibility Conditions and Other Restriction :
| Minimum Basic Sum Assured | Rs. 2,00,000 |
| Maximum Basic Sum Assured (The Basic Sum Assured shall be in multiples of Rs. 25,000/-) |
No limit |
| Premium Paying Term | 15, 20, 25 and 30 years) |
| Policy Term | (100 – age at entry) years |
| Minimum Age at entry | 90 days (completed) |
| Maximum Age at entry | 55 years (completed) |
| Minimum Age at the end of premium paying term | 30 years (nearest birthday) |
| Maximum Age at the end of premium paying term | 70 years (nearest birthday) |
| Age at maturity | 100 years (nearest birthday) |
In case the age at entry of the Life Assured is less than 8 years, the risk under this plan will commence either one day before the completion of 2 years from the date of commencement of policy or one day before the policy anniversary coinciding with or immediately following the completion of 8 years of age, whichever is earlier. For those aged 8 years or more, risk will commence immediately.
Date of vesting under this plan:The policy shall automatically vest on the Life Assured on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such vesting be deemed to be a contract between the Corporation and Life Assured.
Payment of Premiums:
Premiums can be paid regularly at yearly, half-yearly, quarterly or monthly intervals (monthly premiums through NACH only) or through salary deductions during the Premium Paying Term of the policy.
However, a grace period of one month but not less than 30 days will be allowed for payment of yearly or half-yearly or quarterly mode and 15 days for monthly mode of premium payment.
Sample Premium Rates:Following are some of the sample tabular annual premium rates (in Rs.) (exclusive of service tax) per Rs. 1000/- Basic Sum Assured:
|
AGE / PREMIUM PAYING TERM |
15 |
20 |
25 |
30 |
|
20 |
80.30 |
54.55 |
39.95 |
31.15 |
|
30 |
80.30 |
54.55 |
40.20 |
32.05 |
|
40 |
80.30 |
54.80 |
42.30 |
35.10 |
|
50 |
80.30 |
58.90 |
– |
– |
Mode and High Basic Sum Assured Rebates:
Mode Rebate:| Yearly mode | 2% of Tabular Premium |
| Half-yearly mode | 1% of Tabular premium |
| Quarterly, Monthly (ECS) & Salary deduction | NIL |
| Basic Sum Assured | Rebate (Rs.) |
| 2,00,000 to 4,75,000 | Nil |
| 5,00,000 to 9,75,000 | 1.25 ‰ BSA |
| 10,00,000 to 24,75,000 | 1.75 ‰ BSA |
| 25,00,000 and above | 2.00 ‰ BSA |
If less than three years’ premiums have been paid and any subsequent premium be not duly paid, all the benefits under the policy shall cease after the expiry of grace period and nothing shall be payable.
If at least three full years’ premiums have been paid and any subsequent premiums be not duly paid, the policy shall not be void but shall continue as a paid-up policy till the end of policy term.
The Sum Assured on Death under a paid-up policy shall be reduced to a sum called “Death Paid-up Sum Assured” and shall be equal to [(Number of premiums paid /Total number of premiums payable) * Sum Assured on Death].
The Sum Assured on Maturity under a paid-up policy shall be reduced to a sum called “Maturity Paid-up Sum Assured” and shall be equal to [(Number of premiums paid /Total number of premiums payable)*(Sum Assured on Maturity)].
Survival benefits under a paid-up policy :- If Maturity Paid-up Sum Assured is less than the minimum Basic Sum Assured i.e. Rs. 2 lakhs, Survival Benefits shall not be paid under such policies.
- If Maturity Paid-up Sum Assured is equal to or more than minimum Basic Sum Assured of Rs. 2 lakhs, Survival Benefits equal to 8% of Maturity Paid-up Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.
A paid-up policy shall not be entitled to participate in the future profits during the premium paying term, however, the vested Simple Reversionary Bonuses shall remain attached to the reduced paid-up policy. Further, if a paid-up policy wherein the Maturity Paid-up Sum Assured is Rs. 2 lakhs or more, continues after premium paying term, it may participate in future profits after the premium paying term, depending on the Corporation’s experience under such paid-up policies.
Rider(s) shall not acquire any paid-up value and the rider benefit(s) cease to apply, if policy is in lapsed condition.
Revival:
If premiums are not paid by the end of the grace period then the policy will lapse. A lapsed policy can be revived within a period of 2 consecutive years from the date of first unpaid premium by paying all the arrears of premium together with interest (compounding half-yearly) at such rate as fixed by the Corporation at the time of the payment, subject to submission of satisfactory evidence of continued insurability.
The Corporation reserves the right to accept at original terms, accept at modified terms or decline the revival of a discontinued policy. The revival of discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated in writing to the Life Assured.
If revival period falls beyond the premium paying term and the policy is revived after the due date of survival benefit(s), then:-
- the unpaid survival benefit(s) (applicable in case of paid-up policy wherein the Maturity Paid-up Sum Assured is less than 2 lakhs) or;
- the difference between Survival benefits on full Basic Sum Assured and Survival benefits on Maturity Paid-up Sum Assured (applicable in case of paid-up policy wherein the Maturity Paid-up Sum Assured equal to or greater than 2 lakhs)
shall be paid to the policy holder.
Revival of rider, if opted for, will be considered along with revival of the Base Policy, and not in isolation.
Surrender Value:
The policy can be surrendered at any time provided premiums have been paid for atleast three consecutive years. On surrender of the policy, the Corporation shall pay the Surrender Value equal to higher of Guaranteed Surrender Value and Special Surrender Value.
The Special Surrender Value is reviewable and shall be determined by the Corporation from time to time subject to prior approval of IRDAI.
The Guaranteed Surrender Value payable during the policy term shall be equal to the total premiums paid multiplied by the Guaranteed Surrender Value factor applicable to total premiums paid. These Guaranteed Surrender Value factors expressed as percentages will depend on the policy term and policy year in which the policy is surrendered and are as specified below:
Guaranteed Surrender Value factor applicable to total premiums paidPremiums referred above shall not include any taxes, extra amount if charged under the policy due to underwriting decision and rider premiums, if any. In addition, surrender value of vested Simple Reversionary Bonuses, if any, shall also be payable, which is equal to vested bonuses multiplied by Guaranteed Surrender Value factors applicable to vested bonuses. These Guaranteed Surrender Value factors in percentage will depend on the policy term and policy year in which the policy is surrendered and are specified as below:
Guaranteed Surrender Value factors applicable to vested bonusesPolicy Loan:
Loan can be availed during the policy term provided the policy has acquired a surrender value and subject to the terms and conditions as the Corporation may specify from time to time.
The interest rate to be applied for policy loan and as applicable for full term of the loan shall be determined at periodic intervals. For loan sanctioned in Financial Year 2016-17, the applicable interest rate is 10% p.a. payable half-yearly for entire loan term.
If loan is availed during the premium paying term:
The maximum loan as a percentage of surrender value shall be as under:- For inforce policies- upto 90%
- For paid-up policies- upto 80%
The maximum permissible amount of new loan (where no previous loan taken earlier is outstanding) for policies which are entitled for survival benefits shall be arrived at in such a way that the effective annual interest amount payable on loan does not exceed 50% of the annual survival benefit payable under the policy.
Any loan outstanding along with interest shall be recovered from claim proceeds at the time of exit.
Taxes:
Statutory Taxes, if any, imposed on such insurance plans by the Govt. of India or any other constitutional Tax Authority of India shall be as per the Tax laws and the rate of tax as applicable from time to time.
The amount of Service Tax payable as per the prevailing rates shall be payable by the policyholder on premiums payable under the policy, which shall be collected separately over and above in addition to the premiums payable by the policyholder. The amount of tax paid shall not be considered for the calculation of benefits payable under the plan.
Free look period :
If the Policyholder is not satisfied with the “Terms and Conditions” of the policy, the policy may be returned to the Corporation within 15 days from the date of receipt of the policy bond stating the reasons of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium (for base plan and rider(s), if any) for the period on cover, expenses incurred on medical examination, special reports, if any and stamp duty charges.
Exclusion: Suicide: This policy shall be void- If the Life Assured (whether sane or insane) commits suicide at any time within 12 months from the date of commencement of risk, the Corporation will not entertain any claim under this policy except for 80% of the premiums paid, provided the policy is inforce. This clause shall not be applicable in case age at entry of the Life Assured is below 8 years.
- If the Life Assured (whether sane or insane) commits suicide within 12 months from date of revival, an amount which is higher of 80% of the premiums paid till the date of death or the surrender value, shall be payable. The Corporation will not entertain any other claim under this policy. This clause shall not be applicable:
- In case the age of Life Assured is below 8 years at the time of revival; or
- For a policy lapsed without acquiring paid-up value and nothing shall be payable under such policy.
Note: Premiums referred above shall not include any taxes, extra amount if charged under the policy due to underwriting decision and any rider premium(s) other than Term Assurance Rider, if any.
LIC’s NEW ENDOWMENT PLAN (UIN: 512N277V01)
LIC’s New Endowment Plan is a participating non-linked plan which offers an attractive combination of protection and saving features. This combination provides financial support for the family of the deceased policyholder any time before maturity and good lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Death benefit:In case of death during the policy term provided all due premiums have been paid Death benefit, defined as sum of “Sum Assured on Death” and vested Simple Reversionary Bonuses and Final Additional bonus, if any, shall be payable. Where, “Sum Assured on Death” is defined as higher of Basic Sum Assured or 10 times of annualised premium. This death benefit shall not be less than 105% of all the premiums paid as on date of death.
Where premiums exclude service tax, extra premium and rider premiums, if any.
Maturity Benefit:Basic Sum Assured, along with vested simple reversionary bonuses and Final Additional bonus, if any, shall be payable in lump sum on Survival to the end of the policy term provided all due premiums have been paid.
Participation in Profits:The policy shall participate in profits of the Corporation and shall be entitled to receive Simple Reversionary Bonuses declared as per the experience of the Corporation, provided the policy is in full force.
Final (Additional) Bonus may also be declared under the policy in the year when the policy results into a claim either by death or maturity, provided the policy has run for certain minimum term.
Optional Benefit: LIC’s Accidental Death and Disability Benefit Rider:LICs Accidental Death and Disability Benefit Rider is available as an optional rider by payment of additional premium. In case of accidental death, the Accident Benefit Sum Assured will be payable as lumpsum along with the death benefit under the basic plan. In case of accidental permanent disability arising due to accident (within 180 days from the date of accident), an amount equal to the Accident Benefit Sum Assured will be paid in equal monthly installments spread over 10 years and future premiums for Accident Benefit Sum Assured as well as premiums for the portion of Basic Sum Assured which is equal to Accident Benefit Sum Assured under the policy, shall be waived.
When you have planned for life, everyday becomes a GIFT!
Life is all about enjoying and creating moments of joy with your loved ones. To live these moments to the fullest you need to have assurance of a life cover to protect your loved ones in case of any uncertainties and also plan for various life goals like marriage, parenthood, children’s education or a peaceful retirement. These are sacrosanct goals, for which you would need a financial plan that gives you the reassurance of a guarantee.
Keeping this in mind, we present ICICI Pru Guaranteed Income For Tomorrow. A protection and savings oriented life insurance plan with guaranteed benefits to help you achieve your life goals.
What makes ICICI Pru Guaranteed Income For Tomorrow suitable for you?- Guaranteed Benefits1 in the form of a lump sum or regular income to match your needs
- Option to receive guaranteed income2 from 2nd year onwards
- Higher Benefits for women3
- Life Insurance Cover4 for financial security of your family
- Get Guaranteed Income when you want it with Save the Date5 feature
- Tax benefits6 may be applicable on premiums paid and benefits received as per the prevailing tax laws
- Option of taking Loan against policy to help you in case of financial emergencies
Early Income plan option
Under this plan option, you can choose to pay premiums for 7 or 10 years (PPT) and you will receive regular income from 2nd year onwards.
Your policy term is PPT+1 and the life cover is available for the entire policy term.
The income that you receive from 2nd year onwards till the end of the policy term is known as Guaranteed Early Income. The income that you receive after the policy term is known as Guaranteed Income.
Saurav is a 35 year old male, paying an annual premium of `1 lakh in ICICI Pru Guaranteed Income For Tomorrow. He wants to create an alternate source of income for himself so that he can plan to retire early. Moreover, he wants some income to start off from the very next year to take care of his son’s school fees.
The table below shows the regular income that Saurav will receive, for different combinations of premium payment term and policy term.
| Pay for | Income from 2nd year till 8th year | Income from 8th year till 14th year |
|---|---|---|
| 7 years | 20,000 | 1,20,722 |
| Pay for | Income from 2nd year till 8th year | Income from 8th year till 14th year |
|---|---|---|
| 7 years | 20,000 | 1,20,722 |
Saurav also has the flexibility to receive the Guaranteed Income either every year or every month during the Income Period.
Guaranteed Income on an annual basis for a premium payment term of 10 years is 1,36,952.
If he chooses to receive this income every month, the amount will be 1,41,061. for the whole year i.e. he will receive 1,41,061/12 = 11,755 every month for 10 years.
In case of an emergency that comes his way at the time of maturity or during the Income Period, Saurav also has an option to take all future Guaranteed Income as a one-time lump sum.
Life Insurance Benefit (Death Benefit):
If the person whose life is covered by this policy (known as the Life Assured) passes away, during the term of the policy, the insurance cover amount will be paid out as a lump sum to the person specified (known as the Claimant) in the policy.
Life Insurance Benefit is highest of:
- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Early Income plan option, where,
In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.
Income plan option
Under this plan option, you can choose to pay premiums for 5, 7 or 10 years (PPT) and also choose to receive Guaranteed Income for 5, 7 or 10 years. Your policy term is PPT+1 and the life cover is available for the entire policy term.
Smita is a 35 year old female, paying an annual premium of `1 lakh in ICICI Pru Guaranteed Income For Tomorrow. She wants to create an alternate source of income for herself so that she can plan to retire early.
The table below shows the Guaranteed Income that Smita will receive, for different combinations of premium payment term and Income Period
| Pay for | Income Period | ||
|---|---|---|---|
| 5 years | 7 years | 10 years | |
| 5 years | 1,42,457 | 1,08,166 | 83,266 |
| 7 years | 2,14,053 | 1,62,200 | 1,23,676 |
| 10 years | 3,40,541 | 2,58,028 | 1,97,884 |
Smita also has the flexibility to receive the Guaranteed Income either every year or every month during the Income Period.
Guaranteed Income on an annual basis for a premium payment term of 10 year and income period of 10 years is 1,97,884.
If she chooses to receive this income every month, the amount will be 2,03,821 for the whole year i.e. she will receive 2,03,821/12 = 16,985 every month for 10 years.
In case of an emergency that comes her way at the time of maturity or during the Income Period, Smita also has an option to take all future Guaranteed Income as a one-time lump sum.
Life Insurance Benefit (Death Benefit):
If the person whose life is covered by this policy (known as the Life Assured) passes away, during the term of the policy, the insurance cover amount will be paid out as a lump sum to the person specified (known as the Claimant) in the policy.
Life Insurance Benefit is highest of:- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Income plan option, where,
Sum Assured on Death is 10 X Annualised Premium
In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.
Lump sum plan option
Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed lump sum.
You can choose the premium payment term i.e. the number of years for which you have to pay premiums and the policy term i.e. the number of years after which you want to receive the guaranteed lump sum.
Details of the premium payment term and the policy term are shown in the table below:
| You can choose to pay premiums for | You can choose to get guaranteed lump sum at the end of |
|---|---|
| 1 year (Pay just once) | 5 or 10 or 15 years |
| 5 years | 10 or 12 years |
| 6 years | 12 years |
| 7 years | 12 or 15 years |
| 10 years | 15 or 20 years |
Illustration:
Anmol is a 35 year old male, paying an annual premium of 1 lakh in ICICI Pru Guaranteed Income For Tomorrow. He wants to create a corpus to fund the higher education of his son.
The table below shows the guaranteed lump sum that Anmol will receive, for different combinations of premium payment term and policy term.
| Anmol pays premium for | Anmol will receive lump sum at the end of | Anmol will receive a guaranteed lump-sum of |
|---|---|---|
| 5 years | 10 years | 7,42,363 |
| 7 years | 15 years | 13,35,715 |
| 10 years | 20 years | 23,40,465 |
Do note that the above table shows only some of the combinations of premium payment term and policy term that you can choose from. The complete set of combinations available under this option is given in “Table 1” above.
Life Insurance Benefit (Death Benefit):
If the person whose life is covered by this policy (known as the Life Assured) passes away, during the term of the policy, the insurance cover amount will be paid out as a lump sum to the person specified (known as the Claimant) in the policy.
Life Insurance Benefit is highest of:
- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Sum Assured on Maturity X Death Benefit factor for Lump sum plan option, where,
Sum Assured on Death is 10 X Annualised Premium
Plan at a Glance
| Plan Option | Premium Payment Term | Policy Term (in years) |
Minimum Age at Entry (in years) |
Maximum Age at Entry (in years) |
Min/Max Age at Maturity (in years) |
|---|---|---|---|---|---|
| Lump sum | One Time (Single Pay) |
5, 10 or 15 | 18 minus Policy Term | For Sum Assured on Death: 10X: 45 1.25X: 60 |
18/75 |
| 5 years | 10, 12 | 60 | 18/80 | ||
| 6 years | 12 | ||||
| 7 years | 12, 15 | ||||
| 10 years | 15, 20 | ||||
| Income | 5 years | 6 | 60 | 18/71 | |
| 7 years | 8 | ||||
| 10 years | 11 | ||||
| Early Income | 7 years | 8 | 60 | 18/71 | |
| 10 years | 11 |
Savings with the comfort of guarantee
 |
ICICI Pru Future Perfect grows your wealth with the promise of protecting your money. This is done through two guaranteed features in the plan called Guaranteed Additions (GA) and Guaranteed Maturity Benefit (GMB). At the end of the policy term, you receive a sum that includes Guaranteed Maturity Benefit (GMB), Guaranteed additions (GA) and additional bonuses declared by the company, if any. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity. |
| Policy year/PPT | 5 years or 7 years | 10 years, 15 years or 20 years |
|---|---|---|
| 1 – 5 | 8% | 10% |
| 6 – 10 | 10% | 12% |
| 11 – 15 | 12% | 15% |
| 16 onwards | 15% | 18% |
Secure your loved ones even in your absence
 |
ICICI Pru Future Perfect provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you planned for them. |
- A fixed Sum Assured including Guaranteed Additions and Bonuses*
- Guaranteed Maturity Benefit including Guaranteed Additions and Bonuses*
- Minimum Life Cover that is equal to 105% of sum of premiums paid till date **
Tax benefits
 |
With this plan, you can reduce your taxable income by investing up to 1.5 lakh under Section 80C. This will help you save tax. The money you get on maturity or death is also completely tax-free*. *Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. |
Adds to your regular income
 |
With ICICI Pru Cash Advantage, as soon as your premium payment term ends, you start receiving money at regular intervals. This regular pay-out is called Guaranteed Cash Benefit (GCB). |
The regular Guaranteed Cash Benefit (GCB) starts from the year when your premium payment term ends. It is paid every year post that till the end of your policy. You can choose to receive this benefit either monthly or yearly as shown below:
| Cash Benefit Mode | Guaranteed Cash Benefit (GCB) |
|---|---|
| Monthly | 1 % of Guaranteed Maturity Benefit* |
| Yearly | 11.5 % of Guaranteed Maturity Benefit |
Gives you a lump sum pay-out to secure your future
 |
At the end of the policy term, you will receive a lump sum pay-out called Guaranteed Maturity Benefit, which helps you fulfill your family’s dreams. How much money do I get at policy maturity? At the end of the entire duration of the policy, you receive a lump sum pay-out called Maturity Benefit, provided all premiums until that year are paid. It will be the higher of:
*Excluding any extra mortality premium and taxes, less GCB received. |
Secure your loved ones even in your absence
|
ICICI Pru Cash Advantage provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you planned for them. How much money will my family receive in my absence? Your family will receive a lump sum amount which will be the maximum of:
|
Pay premiums as per your comfort
 |
This plan allows you to choose the number of years for which you wish to pay premiums. You can opt for either the Five Pay option (payment of premiums for 5 years), the Seven Pay option (payment of premiums for 7 years) or the Ten Pay option (payment of premiums for 10 years). While multiple premium payment options are available, it is advisable to stay invested for at least 10 years to enjoy the maximum benefits offered by the policy. |
Get tax benefits
|
With this plan, you can reduce your taxable income by investing up to 1.5 lakh under Section 80C. This will help you save tax. What’s more, the money you get on maturity or death is also completely tax-free*. *Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. |
Savings with the comfort of guarantee
|
ICICI Pru Savings Suraksha grows your wealth with the promise of protecting your money. This is done through two guaranteed features in the plan called Guaranteed Additions (GA1 ) and Guaranteed Maturity Benefit (GMB2 ). At the end of the policy term, you receive a sum that includes Guaranteed Maturity Benefit (GMB2 ), Guaranteed additions (GA1 ) and additional bonuses declared by the company, if any. |
Guaranteed Additions (GAs1) are equal to 5% of Guaranteed Maturity Benefits (GMB2). These benefits will be added each year for the first five policy years, if all premiums due till that year are paid.
What is Guaranteed Maturity Benefit?Guaranteed Maturity Benefit (GMB2) is the guaranteed lump sum payable at the end of the policy term.
Secure your loved ones even in your absence
|
ICICI Pru Savings Suraksha provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you planned for them. |
Your family will receive higher of:
- Sum Assured on death plus accrued Guaranteed Additions and Bonuses*
- Guaranteed Maturity Benefit plus accrued Guaranteed Additions and Bonuses*
- Minimum Death Benefit
*Bonuses consist of vested reversionary bonuses, interim bonus and terminal bonus, if any.
Minimum Death Benefit is equal to 105% of the total premiums received upto the date of death.
All policy benefits cease on payment of the death benefit.
Tax benefits
|
With this plan, you can reduce your taxable income by investing up to 1.5 lakh under Section 80C. This will help you save tax. What’s more, the money you get on maturity or death is also completely tax-free*. *Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. |
Gives you a lump sum pay out to secure your future
 |
At the end of the policy period, you will receive a lump sum pay out called Maturity Benefit, which helps you fulfil your family’s dreams. How much money will I get at policy maturity? At the end of the policy term, provided all due premiums have been paid, Maturity Benefit would be payable. It will be a sum of Accrued Guaranteed Additions# and Guaranteed Maturity Benefit1. |
#Every year an amount called the Guaranteed Addition is added to the policy. Guaranteed Addition (GA) is equal to the predetermined Guaranteed Addition rate multiplied by the sum of all premiums paid till date (excluding extra mortality premiums and taxes).
Grow your wealth with Guaranteed Additions
 |
Every year, 9% or 10% Guaranteed Additions would be added to your policy depending on your policy term. How is the Guaranteed Addition (GA) calculated? Guaranteed Addition (GA) is equal to a fixed Guaranteed Addition Rate multiplied by the sum of all premiums paid. For example, if your annual premium is 50,000, the GA will be as below: |
| Policy Year | Premiums Paid for the Year | Total Premiums paid till date | Guaranteed Addition for the year = GA Rate x sum of all premiums paid |
|---|---|---|---|
| 1 | 50,000 | 50,000 | 9% x 50,000 = 4,500 |
| 2 | 50,000 | 1,00,000 | 9% x 1,00,000 = 9,000 |
| 3 | 50,000 | 1,50,000 | 9% x 1,50,000 = 13,500 |
| 4 | 50,000 | 2,00,000 | 9% x 2,00,000 = 18,000 |
| 5 | 50,000 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| 6 | 0 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| 7 | 0 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| 8 | 0 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| 9 | 0 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| 10 | 0 | 2,50,000 | 9% x 2,50,000 = 22,500 |
| Policy Term | Guaranteed Addition |
|---|---|
| 10 years | 9% |
| 15 years | 10% |
Secure your loved ones even in your absence
|
ICICI Pru Assured Savings Insurance Plan provides your loved ones a lump sum pay-out. This amount ensures that even in your absence your family members are able to live the life you planned for them. |
Your family will receive a lump sum amount, which will be the higher of:
- A fixed amount called the Sum Assured^ including Guaranteed Additions. Here, Sum assured is 10 times of the annual premium.
- Guaranteed Maturity Benefits (GMB)1 including Guaranteed Additions
- Minimum Life Cover2 that is the higher of the following:
– 10 times the annual base premium
– Chosen Sum Assured^
#Excluding extra mortality premiums* and taxes. The cost of providing a Life Cover under the policy is called Mortality Premium.
^Sum Assured is the fixed minimum amount guaranteed on maturity.
Pay premiums as per your comfort
|
You have the option of choosing either Monthly. Half-Yearly or Annual mode of premium payment according to your comfort. |
Get tax benefits
|
With this plan, you can reduce your taxable income by investing up to 1.5 lakh under Section 80C. This will help you save tax. What’s more, the money you get on maturity or death is also completely tax-free*.. |
As life progresses, our goals keep on evolving, whether it is buying a house or funding child’s higher education or protecting our loved ones. We always want to give them the best and for this, one needs to have the right plan.
ICICI Pru Lakshya is specially designed to grow your wealth with the promise of protecting your money. This is done through guaranteed benefits in the form of sum assured on maturity5 and guaranteed value benefits, and bonuses in the form of regular additions, if declared every year throughout the policy term as well as a terminal bonus, if declared on maturity.
Key Benefits of ICICI Pru Lakshya Wealth
- Lump Sum Benefit
Get lump sum amount on maturity to fulfill your dreams.
- Capital Protection
Get guaranteed capital protection with Sum Assured on Maturity5
- Guaranteed Value Benefits (GVBs)1
Get rewarded with applicable GVBs
a.Start Early: Start your savings now rather than later.
b. Save More: Higher the premium, higher the benefit.
c.Stay More: More benefit for long term savings and protection
d.SHE : Exclusively for women to promote savings by women - Bonuses2
Enjoy bonuses in the form of Regular Additions, if declared, every year and one time Terminal Bonus, if declared, on maturity to grow your wealth.
- Protection
Get life cover throughout the policy term to secure your family’s future.
- Tax Benefits3
Tax Benefits on premiums paid and benefits received as per prevailing tax laws
In the prime of your life and at the peak of your career, you enjoy all the comforts of life – a happy family, your own home and a car, holidays in India and abroad. To keep enjoying these comforts for the rest of your life, we bring to you ICICI Pru Lakshya Lifelong Income, a protection and savings oriented conventional participating life product to fulfill your financial needs.
ICICI Pru Lakshya Lifelong Income is specially designed to provide you policy benefits till 99 years of age.
Key Benefits of ICICI Pru Lakshya Lifelong Income
- Regular Income
Guaranteed Income and Cash Bonus1 every year after Income Start Date2 till the age of 99 years.
- Guaranteed Capital Protection
Get Guaranteed Capital protection in the form of ‘Sum Assured on Maturity’3
- Regular Additions
Enjoy bonuses in the form of Regular Additions4 every year to grow your wealth till the Income start date.
- Life Cover
Life cover throughout the policy term till the age of 99 years to secure your family’s future.
- Liquidity
Liquidity5 benefits during the policy term to help you in case of financial emergencies.
- Tax Benefits
Get Tax Benefits6 on premiums paid and benefits received as per prevailing tax laws.
As you approach different stages in life, there are dreams and aspirations that you set out for yourself and your family. More often than not, you make tough choices, sacrificing one dream for the other. You also have to take care of day to day responsibilities like running the family, paying for health expenses, children’s school fees etc. With rising life uncertainties, it is important to secure a source of income to that takes care of these expenses, more so after your retirement or in case of unfortunate demise. A Life Insurance plan offers financial protection against such unforeseen events.
To help you achieve your goals, we present to you “HDFC Life Sanchay Par Advantage”, a life insurance solution which allows you to live an uncompromised life, whilst securing the future of your family and, ensuring you leave behind a legacy for them.
Why you need this Plan ?
- Survival Benefit Payouts from as early as 1st Policy year*
- Life cover to protect the family’s future
- Tax Benefits**
*Cash Bonus (if any) payouts from as early as 1st policy year. Applicable for Immediate Income option only.
**As per Income Tax, 1961. Tax benefits are subject to changes in tax laws
Your search for the savings insurance plan ends here! Introducing “HDFC Life Sanchay Plus”, a non-participating, non-linked, savings insurance plan that offers guaranteed returns whilst safeguarding your family’s future against the unforeseen events. It enables systematic savings and provides assured regular income so that you can fulfill your family’s dreams and commitments with ease.
You may be aware that every stage in your life demands to achieve milestones. Fulfilling milestones with pride is the key to happiness in life. Flawless financial planning helps you balance the equilibrium of your life when unexpected liabilities, life-stage expenses and unforeseen happenings may occur. Your life becomes worry-free when phases in life like marriage, parenthood and retirement, are faced with adequate preparation and planning.
Why you need this Plan ?
- Guaranteed* Benefit Payouts
- Life cover to protect the family’s future
- Steady retirement income with Life Long Income Option
- Tax Benefits**
*Provided all due premiums have been paid and the policy is in force.
**As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Max Life Savings Advantage Plan
In your life, you may have many goals for which you save money. These may be short term goals, or long term goals. To ensure that you meet these goals like buying a sedan, planning for childs education in an ivy college, planning for your daughter’s destination wedding you need a financial instrument that can systematically save and grow your money. Presenting Max Life Savings Advantage Plan that will accelerate the growth in your systematic savings and help you build a corpus to address all your life goals while providing for insurance coverage at the same time to take care of your loved ones in case of an unfortunate eventTop reasons you should buy this plan
- Flexibility to choose Premium Payment Term and Policy Term that matches your life goals
- Get lumpsum amount on maturity that is partly guaranteed
- Save tax under section 80 C and Section 10(10D) as per prevailing tax laws
- Protection for your family through life insurance cover
Max Life Monthly Income Advantage Plan
We all wish that we lead a worry-free life with our loved ones. Vacations, weekend plans, festivals, family functions give us occasions to rejoice with our family. At the same time, we have to go through jobs, careers, business hours to earn money for our family’s financial needs.
Max Life Monthly Income Advantage Plan helps to ensure that you aren’t hard-pressed to meet these commitments in the future & your family remains financially secure, even in your absence. Under this plan, you can get life coverage of up to 45 years with a limited premium payment term.
3 reasons you should buy this plan
- Guaranteed Monthly Income for 10, 20 or 30 years after completing your premiums
- Get accrued bonuses along with Terminal Bonus on maturity of the policy
- In case of death, policy continues as is and your family receives policy benefits
Max Life Guaranteed Income Plan
We like certainty in life. It is a remarkable feeling – we want to be assured that our paycheck will arrive on time. We want to be sure that our family will be financially secured, even in our absence. Life insurance can help you get this reassurance.
Max Life Guaranteed Income Plan is a savings plan which provides you a life cover with guaranteed payouts in the form of monthly income for a ‘Payout Period’ of 10 years. Further, your monthly income will double during the latter half of your Payout Period (last 5 years). In case of any immediate need, you can choose to get a lumpsum in place of monthly income.
3 reasons you should get this plan:
- Guaranteed Income for 10 years that doubles after 5 years
- Immediate payout after policy term with no waiting period
- Guaranteed death benefit with option to get benefit as lumpsum or monthly income
Max Life Whole Life Super
As our life moves forward, our expenses continue to mount. We work hard to ensure that these expenses are not overwhelming at any life stage. However, we should always plan for future uncertainities – life insurance can help you stay financially strong during difficult times and provides protection to your family in your absence.
Max Life Whole Life Super insurance plan is a savings plan which helps you systematically raise a corpus for your family. The plan provides you a life cover which will keep growing with the addition of the company bonuses & will last till you are 100 years old.
3 reasons you should get this plan
- You get a life insurance coverage till the age of 100 years
- You get a guaranteed payout along with company bonuses at maturity
- You get the flexibility to withdraw money to meet any financial commitment
Max Life POS Guaranteed Benefit Plan
Presenting Max Life POS Guaranteed Benefit Plan. A plan that’s easy-to-comprehend, hassle-free to buy and provides guaranteed benefit to ensure financial security for your Dreams. Reasons you should buy this plan- Guaranteed Financial Protection Throughout The Policy Term: The product offers Guaranteed Maturity Benefit or Guaranteed Death Benefit:
- Maturity Benefit : Get Guaranteed lump sum benefit to meet your savings goals, or
- Death Benefit : Lump sum Death Benefit is paid immediately on death ensuring complete financial security for your loved ones.
- Fixed Premium Payment Term and Policy Term: A short and fixed Premium Payment Term and Policy Term helps you build a corpus for your dreams quickly, by saving systematically.
- Easy Plan and Simple Process: Simple and Easy to understand plan which acts as a solution to your Insurance and savings needs
3 reasons you should get this plan:
- Guaranteed Financial Protection Throughout The Policy Term
- Short Premium Payment Term and Policy Term
- Easy Plan and Simple Process
Guaranteed Return Income Plan Overview
Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan
We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your basic needs through financial resources. You do not have to think twice to live your dreams as they now come with guaranteed payouts*.
We present to you, Tata AIA Life Guaranteed Return Insurance Plan to meets tomorrow’s requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns.
This plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage or Retirement planning etc.
Guaranteed Return Income Plan Key Features
- Flexibility to choose Plan Option: Endowment, Regular Income or Whole Life Income
- Life cover for the financial protection of your loved ones
- Guaranteed Additions1 to boost corpus year on year under Endowment Option
- Flexibility to cover your spouse in same policy under Whole Life Income Option
- Choice of Policy Term with limited Premium Payment Term
- Enhance your protection with optional Riders2
Guaranteed Monthly Income Plan
Non Linked, Non Participating Individual Life Insurance Savings Plan
Time never stands still and neither do our financial needs. As we move through various stages of life, our requirements and those of our families change consistently. Along with this we also carry the burden of any uncertainty happening. We do our best to take care of our family’s needs and to ensure financial security of our family from uncertainties of life. Life Insurance is the best way to protect our family from financial crisis in case of an unfortunate event and help your money to grow so you can fulfill your dreams.
Tata AIA Life’s Guaranteed Monthly Income Plan, provides financial protection for your family and a monthly income that meets tomorrow’s requirements, thus helping you plan ahead towards your future needs and protection for your loved ones.
Guaranteed Monthly Income Plan Key Features
- Receive Guaranteed monthly income1 for double the Policy term
- Applicable Large Premium Boost2 to increase your monthly income
- Choose Policy Term of 5/ 8/ 12 years
- Life cover to protect your loved ones
- Enhanced protection with optional Riders3
- Tax benefits4 under Section 80C and 10(10D) of the Income Tax Act, 1961.
Diamond Savings Plan
Non Linked Participating Individual Life Insurance Savings Plan
Every individual has different needs at different stages of life. At Tata AIA Life, we believe in protecting your dreams at various stages of life without compromising on your needs through financial resources. You do not have to think twice to live your dreams.
We present to you, Tata AIA Life Insurance Diamond Savings Plan, a limited pay insurance plan that meets tomorrow’s requirements along with protecting your loved ones. Investing in this plan will help you fulfill your medium and long term goals, such as child’s education / second income and retirement planning.
Diamond Savings Plan Key Features
- Receive guaranteed income* after premium payment term;
- Get vested Compound Reversionary Bonus and Terminal Bonus#, if any; on maturity or on death
- Flexible policy term & premium paying term
- Get life cover for the entire policy term;
- Enhance your protection with optional Riders1;
- Eligible for tax benefits2 under Section 80C and 10(10D) of the Income Tax Act, 1961, as amended from time to time.
Smart Income Plus
A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan
We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your basic needs through financial resources. You do not have to think twice to live your dreams as they now come with Guaranteed Payouts*.
We present to you, Tata AIA Life Insurance Smart Income Plus, a limited pay income plan that meets tomorrow’s requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns* for the money invested.
Investment in this plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage / Business Start-up and Retirement planning.
Smart Income Plus Key Features
- Flexibility to choose between Regular Income or Endowment options
- Receive Guaranteed Payouts* ranging from 120% to 160% of the Annualised Premium
- Pay for 7/10/12 years, get guaranteed life cover for 15/21/25 years
- Enhance your protection with optional Riders1
- Higher benefit for female lives
- Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws2
Gold Income Plan
A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan
We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your needs through financial resources. You do not have to think twice to live your dreams as they now come with Guaranteed Income1.
We present to you, Tata AIA Life Insurance Gold Income Plan, a Limited Pay Income Plan that meets tomorrow’s requirements along with protecting your loved ones and dreams as it ensures you of Guaranteed Returns1 for the money invested. This plan not only offers Guaranteed Lump Sum benefit on Maturity1 but also gives Guaranteed Income1 during the income term that increases every year.Investment in this plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage or Retirement planning.
Investment in this plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage or Retirement planning.
Gold Income Plan Key Features
- Pay for 5/12 years for Policy Term of 12/15 years
- Choose your Guaranteed Income1 for 10 or 15 years
- Get Guaranteed Maturity Benefit1 at the end of Policy Term
- Receive Guaranteed Income1 starting @ 12% of the Basic Sum Assured
- Enjoy increasing income with Income Boosters2 of 5% to 10% on Guaranteed Income1
- Get higher Guaranteed Income1 with higher annual premium payment
- Enhance your protection with optional Riders3
- Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws4
Money Back Plus
A Non Linked, Participating, Individual Life Insurance Savings Plan
We at Tata AIA Life understand how important it is to plan ahead in order to fulfill dreams like family vacation, buying a house or plan ahead for important occasions such as children’s education, planning their wedding or starting a business. In order to fulfill all these obligations, we work hard and ensure our investments come handy when we need them the most. Keeping this need in mind, we present to you a chance to experience the joy of securing your future needs with one important decision.
Presenting, Tata AIA Life Insurance Money Back Plus, a Non Linked, Participating Individual Life Insurance Savings Plan, which caters to your need of periodic payouts at key stages in life along with life cover protection. This plan gives you the flexibility to choose from various term options to meet your financial commitments with the advantage of paying for only half the term along with enhanced savings with Bonuses * throughout the term.
Make the right start with the “Tata AIA Life Insurance Money Back Plus” that will help you build a strong savings foundation with adequate financial protection so that you leave no stone unturned to add colors to your dreams!
Money Back Plus Key Features
- Money Back payouts of up to 130% of Sum Assured at regular intervals during the Policy Term
- Life cover throughout the Policy Term regardless of the Money Back payouts already paid
- Additional protection in case of Accidental death through inbuilt Accident Benefit
- Limited premium payment equal to half the Policy Term
- Compounded Reversionary Bonus & Terminal Bonus* on Maturity
- Option to enhance protection through Riders1
- Tax benefits2 u/s 80C & 10(10D) of the Income-Tax Act, 1961
Bajaj Allianz Life Guaranteed Savings Goal – A Non-Participating Endowment Plan
We all plan for our Life Goals which we want to achieve in 10 years, 7 years and some in 5 years. Most investment plans require a continued commitment over a long tenure but with Bajaj Allianz Life Guaranteed Savings Goal, our non-participating endowment plan, you just have to pay once to achieve your guaranteed Life Goals.
A guaranteed future helps us to live our current moments to the maximum and when this guarantee is about your Life Goals life is simple.
Key Advantage
Guaranteed Maturity Benefit
Maturity amount will be guaranteed from the beginning so you can plan for your Life Goal with certainty.
Guaranteed EnhancerThe guaranteed maturity benefit will be based on your age, chosen Sum Assured Option, Policy Term & Premium Paid along with other variable factors. For policies sourced through Online Channel, the Additional Guaranteed Enhancer% will also be applicable.
Single premiumYou just have to pay premium once and have the guarantee of achieving your Life Goals.
Multiple policy termsChoose from multiple policy term options ranging from medium to long term depending on your Life Goal.
Two Sum assured optionsOption to choose between high or low sum assured to maximise cover or enhance returns.
Loan against the policyYou can avail loan during the policy term if the policy has acquired a surrender value.
Flexi Income Goal – Tax Saving Investment Plan With Guaranteed Monthly Income Benefit
Every parent wants his/her child to get the best upbringing and education. At the time of cut-throat competition, you want your child to not just excel in his/her studies but also acquire other skills for overall personality development.
This is one Life goal, where the goalposts may keep shifting, and so will the financial needs to achieve those goals. Therefore parents need to invest in a plan that gives you the agility and liquidity to respond to the changing needs of your child – be it expenses incurred for tuition, extra classes, skill building or summer camp.
Bajaj Allianz Life Flexi Income Goal is an investment plan that offers protection along with liquidity and flexibility to meet the changing needs of your child. It offers flexibility to receive your policy benefits after the premium paying term, in a lump sum or as regular income.
Key Advantage
Guranteeed Benefit at the end of the PPT
- 50% of Sum Assured at end of PPT as Lumpsum
- Choose to receive or to accumulate the Survival Benefits as Cash Value and earn Investment Return
This Plan ensures regular Monthly cash flow in the form of a Guaranteed Monthly Income once the premium paying term is over, till the end of the policy term or these GMIs can also be accumulated as Cash Value which will earn investment return. This Cash Value can be withdrawn anytime during the policy term. You also have the option to take GMI as annual installments which if opted, will be paid out at the end of each Policy year.
Equity exposure upto 40%A part of the portfolio is invested in equities for higher bonuses, to be declared by the Company.
Limited premium paying termsYou pay the premium for a limited period of 5-12 years. The policy term will be 12 years more than the premium paying term or maximum of 25 years.
Joint life coverOne can cover his/her spouse in this plan spouse Sum Assured can range from 50% to 100% of your Sum Assured.
Enhance your coverage with ridersOption to choose among five rider options to expand the coverage at a nominal extra cost
Death benefit in installmentsThe nominee can choose to receive the death benefit in monthly installments over a period of five or ten years from the date of intimation of death.
Bajaj Allianz Life Guaranteed Income Goal
Every one of us has Life goals that we want to achieve in life. But some of the Life Goals are non-negotiable and we would like to achieve them with guarantee. Smart financial decisions, such as investing in guaranteed income plan, might help to turn these Life Goals into a reality. Bajaj Allianz Life Guaranteed Income Goal is A Non-Linked, Non-Participating Endowment plan that offers an option to take policy benefits either as lumpsum or in installments, which are guaranteed, taking us closer to our Life Goals. With options like Extended Life Cover, and guaranteed increasing income (if opted for), it is designed to achieve your Life Goals with certainty.Key Advantage
Guaranteed Maturity Benefit- Income Benefit: Under the Income Benefit, the life assured will receive a guaranteed income for a period equal to the Premium Payment Term, provided all due premiums are paid. This guaranteed income plan ensures that you are able to achieve your Life Goals without any financial worry. This income benefit can be opted for yearly, half yearly, quarterly or monthly installments.
- Lumpsum Benefit: The Guaranteed Maturity Benefit payable as lumpsum will be an enhanced percentage of the sum assured which is called as Guaranteed Enhancer, provided all due premiums are paid.
Depending on your life situation, you can opt to receive maturity benefit as Lump-sum Benefit i.e. in one payout or as Income Benefit over a period of time to help you meet your life goals.
Extended Life Cover:You can choose to extend your life cover beyond the policy term.
Multiple premium and policy terms:To help you plan for any medium to long-term life goals, Bajaj Allianz Life Guaranteed Income Goal comes with multiple Policy Terms and Premium Paying Term combinations.
Loan against the policy:You can avail loan during the policy term if the plan has acquired a surrender value.
Five rider options:You can opt from five rider options for enhanced coverage at a nominal extra cost.
- Bajaj Allianz Accidental Death Benefit Rider
- Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider
- Bajaj Allianz Critical Illness Benefit Rider
- Bajaj Allianz Family Income Benefit Rider
- Bajaj Allianz Waiver of Premium Benefit Rider
Reliance Nippon Life Guaranteed Money Back Plan
A Non-Linked, Non-Participating, Individual, Savings Life Insurance Plan
Reliance Nippon Life Guaranteed Money Back Plan not only helps you save for the future but also protects your savings in case of any unforeseen eventuality. All future premiums are waived and your family continues to fulfill their dreams, even in your absence.
With Reliance Nippon Life Guaranteed Money Back Plan
- Fund your child’s higher education
- Pay off your debts
- Take vacations abroad
- Give a gift to your grandchildren
Key benefits
Savings and liquidity
Get three Guaranteed* Benefits:
- Guaranteed Money Back during the last five Policy years
- Guaranteed Loyalty Additions up to 40% of Base Sum Assured
- Guaranteed Maturity Addition up to 20% of Base Sum Assured, at maturity of the Policy
- Get life cover of at least 10 times the Annualized Premium for the entire Policy Term
- Get an additional life cover equal to the Base Sum Assured in case of accidental death
- In case of death, all future premiums are waived and Guaranteed Benefi ts continue
Get tax benefits on investment and on returns, as per the applicable income tax laws
Flexibility- Choose your Policy Term: 15 or 20 years
- Pay Regular Premium or Limited Premium
*Provided Policy is in-force and all due premiums are paid.
Reliance Nippon Life Increasing Money Back Plan
A Non-Linked, Non-Participating, Individual Savings Life Insurance Plan
With changing life stages, our responsibilities increase, as does our need to upgrade our family’s lifestyle.
Reliance Nippon Life Increasing Money Back Plan gives you periodic payouts that allow you to upgrade your family’s lifestyle along with life insurance cover to safeguard your family against unforeseen eventualities. With increasing payouts at every lifestage, stay ahead of rising costs while ensuring happiness and security for your family.
With Reliance Nippon Life Increasing Money Back Plan
- Gift your family a lifestyle upgrade every three years
- Increasing payouts that match your increased responsibility at every lifestage
- Guaranteed money back payouts help you plan for the long term
- Protect your family’s well-being against unforeseen events
- Avail tax benefits on premiums, and receive tax-free maturity and money back payouts, subject to prevailing tax laws
Key benefits
Guaranteed Liquidity- Receive guaranteed Money Back benefits every three years, starting from the end of your third Policy year
- Enjoy Money Back benefits that increase with each payout
- Lump sum maturity benefit at the end of the Policy Term
Choose to pay premiums for a term of seven years or throughout your Policy Term
Protection against unforeseen events- Get life cover for the entire Policy Term
- Option to enhance your protection cover through riders, if any
Receive fixed discounts on premium depending on the Sum Assured amount chosen
Tax benefitsAvail tax benefits on premiums paid and on benefits received, as per applicable income tax laws
1 Provided the Policy is in-force and all due premiums are paid
Reliance Nippon Life Future Income
A Non-Linked, Participating, Individual, Savings Life Insurance Plan
We live in an age of growth: growing income, demands and expectations for yourself and your family. Don’t let your savings stay dormant. Let it work for you to give it an additional income. Reliance Nippon Life Future Income is a plan that helps you secure an additional income for the future. In addition to a life cover, the plan offers the flexibility to choose your policy term and payment frequency according to your convenience.
Your premiums accumulate and grow to give you annual payouts that support your family’s growing needs.
With Reliance Nippon Life Future Income
- Create a second income to support your growing needs
- Protect your family’s financial future with a life cover
- Upgrade your lifestyle from time-to-time with regular payouts
- Pay for a short term and enjoy benefits for the long term
Key benefits
Savings and Income^- Receive an annual income, on survival at the end of each policy year, except the last policy year, after the premium payment term
- At policy maturity, receive a lump sum benefit to fulfill your dreams
Pay premiums for half of the chosen policy term
Protection for your family- Get life cover for the entire policy term
- Option to enhance your protection cover through riders
Loan facility is available during the policy term to meet unforeseen needs
Tax benefitsAvail tax benefits on premiums paid and on benefits received, as per applicable Income Tax laws
Reliance Nippon Life Increasing Income Insurance Plan
A Non-Linked, Non-Participating, Individual, Savings Life Insurance Plan
With time you would aspire for a bigger house, an expensive car, admission in the best school and a good higher education for your children. Your savings need to power these dreams of tomorrow
With Reliance Nippon Life Increasing Income Insurance Plan, you can plan for an increasing 1 guaranteed income in future that keeps pace with your dreams and ensures protection for your family.
With Reliance Nippon Life Increasing Income Insurance Plan
- Gift yourself a monthly income that increases every year
- Plan your savings to receive a lump sum at the end of the term
- Shield yourself against rising expenses
- Pursue your passion without the worry of a monthly income
- Safeguard your family from any eventuality
Key benefits
Guaranteed Monthly income2 Get Guaranteed Monthly Income from end of Premium Payment Term till maturity.
Choose between two income options» Income with Maturity Benefit
- Guaranteed Monthly Income (GMI): Regular monthly income shall begin from the end of the Premium Payment Term and is payable till the end of the Policy Term
- GMI starts at 1% of Base Sum Assured every month and increases by 0.25% every Policy year
- Maturity Benefit: Get twice the Base Sum Assured on survival at maturity
» Only Income
- Guaranteed Monthly Income: Regular monthly income shall begin from the end of the Premium Payment Term and is payable till the end of the Policy Term
- GMI starts at 2% of Base Sum Assured every month and increases by 0.50% every Policy year
- Get life insurance cover for the entire Policy Term
- Option to enhance your protection cover through riders, if any
- Select amongst Policy terms of 12 | 16 | 20 | 24 years and pay premiums for half of the Policy Term
- Choose to pay premiums Yearly, Half-yearly, Quarterly or Monthly mode (ECS)
Avail tax benefits on the premiums paid and benefits received, as per applicable Income Tax Laws.
Reliance Nippon Life Fixed Savings
A Non-Linked, Non-Participating, Individual, Savings Life Insurance Plan
Reliance Nippon Life Fixed Savings helps you to create a corpus for unforeseen expenses, by allowing you to systematically save over a period of time. This plan offers guaranteed benefits, including fixed regular additions that accrue every year and an additional lump sum at maturity, along with a life cover to protect your family.
With Reliance Nippon Life Fixed Savings
- Secure your future with fixed returns*
- Get incremental savings in the first 3 years
- Create a corpus to fulfill your long term goals
- Avail tax benefits as per applicable income tax laws
Key benefits
Fixed savings:Survival Benefits:
Fixed Regular Additions accrue at the start of each Policy year 8% in year 1, 9% in year 2, 10% every year from year 3 onwards* and are payable on the first day of the last Policy year.
Maturity Benefit:
At maturity, receive the Guaranteed Sum Assured on Maturity which is equal to:
- Annualized Premiums x Premium Payment Term; plus
- Fixed Maturity Addition
Get life cover for the entire Policy Term
Tax benefitsAvail tax benefits, as per the applicable Income Tax laws.
