Benefits-pearls-guarantee-plan

The Survival/Maturity Benefit of this policy is paid annually for six years after the last premium payment year. For the first five years the payout is equal to 10% of the Sum Assured and in the last year, i.e., on maturity, the payout is 70% of the Sum Assured. In the unfortunate event of the demise of the person insured, the nominee receives the Death Benefit. The Death Benefits payable is higher of the following: 120% of the Sum Assured (irrespective of any Guaranteed Cash Back already received), or 10 times the annualized premium,or 105% of the total premiums paid. A discount is available on large Sum Assured amounts. Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act.