Young star Super Premium – Benefits-youngstar-super-premium-plan

The insured will get the total fund value on maturity which can be availed in instalment over a period of 5 years post maturity under the settlement option. On the death of the policyholder, the death benefit will be paid out as under the Benefit Payment Preference chosen. Under the save benefit, sum assured is paid out. Future premiums are waived off and 100% of future premiums are paid by the company. On Maturity, the fund value will be paid. Under the save-n-gain benefit, sum assured is paid out on death. Future premiums are waived off, 50% of which are paid into the fund account by the company and the other 50% to the beneficiary. On maturity, the Fund Value will be paid. The minimum death benefit should be equal to 105% of all premiums. Under the life & health cover option, the death cover ceases on the diagnosis of some critical illness and the benefit paid will depend on the benefit payment preference chosen and will be same. Income Tax benefits are available.