Plan Features
SIIP (852)
Product Summary
SIIP (852) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium for age at entry less than 55 years. For age from 55 years 7 times annual premium is taken as sum assured.
Premium Payment Mode :
Regular Premium(Yearly, Half Yearly, Quartery and monthly mode)
Annuity Mode
-
Optional Benefits
-
Term :
10 to 25 years
Premium Paying Term :
-
Minimum Age at Entry :
90 days completed
Maximum Age at Entry :
65 years
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
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Joint Annuity
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Maximum Cover Ceasing Age:
85 years for option 1 and 50 years for option 2
Maturity Age:
-
Sum Assured
-
Maturity Benefit
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Death Benefit
-
Minimum Basic Sum Assured :
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age :
-
Minimum Premium:
-
Maximum Premium:
-
Minimum Basic Sum Assured :
-
Sum Assured on Death
-
Minimum Sum Assured :
Yearly - 40,000, Half Yearly - 22,000, Quarterly -12,000, Monthly -.4000
Maximum Sum Assured :
No limit (Subject to other conditions)
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accident death benefit
Accidental Death and Disability benefit (ADDB) :
Not available
Policy Benefits
On Death :
Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival :
Unit fund value is paid on policy holder surviving the term of the policy.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
āSettlement Option :
-
Multiple Allowed
-
Surrender Value :
Fund value available at the date of surrender(if surrendered after the lock in period)
Loan :
No loan facility available
Income Tax Benefit :
Available only for option 2
Proposal Form :
Special proposalĀ formĀ applicable