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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, you would receive the sum assured plus the bonus addition. Bonus addition is the amount in the Accumulation Account in excess of the sum assured.
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Death Benefits
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In the event of death of the life insured during the term of the plan, the beneficiary would receive the sum assured or the amount in the Accumulation Account, whichever is higher.
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Loan against policy
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You can take a loan against your policy, after the policy has been in force for at least three years.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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