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Benefits
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| Particulars | Description |
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Death Benefits
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In the event of unfortunate death, your beneficiary would get the sum assured or fund value in the Main Account whichever is higher. Plus, if you have invested any Top-Up Premiums, then you would get back the fund value in the Top-Up Accounts. If death occurs within the first five years of the policy and life insured is a minor, the benefit payable on death will be all premiums paid (excluding rider and extra premiums or fund value in Main Account; whichever is higher plus fund value in Top-Up Accounts if any.
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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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