Plan : Money Back 20Year(920)
This is a limited premium payment, non-linked, with profits Money Back Plan.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(NACH)/ SSS
Term :
20 Year
PPT* :
15 Year
Minimum Entry Age :
13yr Completed
Maximum Entry Age :
50yr (Nearest Birthday)
Maximum Maturity Age :
70 Year
Minimum Sum Assured :
1,00,000
Maximum Sum Assured :
♦ NO LIMIT (Depending upon Income)
♦ Maximum Accidental Death and Disability Benefit Rider up to age 70.
Policy Benefits :
On Death :
♦ Sum Assured on Death + Vested Bonus + FAB if any.
♦ Sum Assured on Death is 125% of Basic Sum Assured
On Survival :
♦ 20% of Basic SA is payable after 5th, 10th and 15th year of policy.
♦ Maturity Time 40% of Basic Sum Assured + Vested Bonus + FAB if any.
Surrendered Value :
The policy can be surrendered for cash provided at least three full years premiums have been paid.
Loan :
Available after payment of premium of 3 full years.
Income Tax Benefit :
♦ Premium paid under this plan is eligible for TAX rebate under section 80c.
♦ Maturity under this plan is free under sec 10(10D).