Wealthsurance Growth Insurance Plans – Product Specification-wealthsurance-growth-insurance-plan

Details About Premium Illustration for a policy term of 15 years and PPT of 15 years IDBI Federal wealth insurance growth insurance – Policy Details Grace Period: Grace period of 30 days is allowed for outstanding premium payments. Policy Termination or Surrender Benefit: After the completion of first 5 policy years, the life insured can surrender the policy. In case the policy is surrendered prior to the completion of 5 years, the fund value net of discontinuation charge will be credited to the policy fund where a 4% per annum growth is earned. After the 5 years of policy is completed, the fund value as on that date in the discontinued policy fund is paid to the insured. After the completion of 5 policy years, on the very date when the policy was surrendered, the entire fund value is paid without any charges. Free Look Period: If the insured has not made any claim then he/she can cancel the policy within the free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he/she is dissatisfied with the policys terms and conditions. Inclusions Partial Withdrawals are allowed after 5 policy years with a minimum amount of Rs.10, 000. Unlimited Switches are allowed to change between funds chosen. Premium Redirection is allowed to redirect future premiums in another fund. Exclusions The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.