On maturity, 30% of the Sum Assured is payable to the policyholder
On death of the policyholder ,the full Sum Assured is paid to the nominee subject to a minimum of 105% of all premiums paid
Survival benefits accrue in the 3rd, 6th, 9th and 12th policy year @ 10%, 15%, 20% and 25% respectively for a 15 year plan
For a 20 year term, survival benefits accrue in the 4th, 8th, 12th and 16th policy year @ 10%, 15%, 20% and 25% respectively
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Frequently Asked Questions
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
Star Health Diabetes Safe Insurance