car-insurance-life-insurance-health-insurance-travel-insurance life-insurance-news tata-aia-life-insurance reliance-life-insurance-plans sbi-life-insurance-plan kotak-mahindra-old-mutual-life-insurance pnb-met-life-insurance dhfl-pramerica-life-insurance indiafirst-life-insurance edelweiss-tokio-life-insurance star-union-dai-ichi-life-insurance aegon-life-insurance canara-hsbc-life-insurance idbi-federal-life-insurance future-generali-india-life-insurance bharti-axa-life-insurance-plan bharti-axa-life-insurance-2 pnb-metlife-life-insurance aegon-religare-life-insurance aviva-life-insurance bajaj-allianz-life-insurance birla-sun-life-insurance protect-plus-life-plan e-lifetime-income-plan edelweiss-tokio-life-guaranteed-income-plan edelweiss-tokio-life-save-n-prosper-plan edelweiss-tokio-life-single-pay-endowment-assurance-plan elite-life-ii-plan exide-life-insurance group-term-life-insurance-plan guaranteed-lifetime-income-plan hdfc-life-click-invest-plan hdfc-standard-life-insurance i-life-plan icici-prudential-life-insurance hdfc-life-invest-wise-plan life-gain-premier-plan life-insurance-in-lieu-of-edli-plan life-plan life-wealth-plus-plan lifebond-advantage-plan lifeshield-advantage-plan lifeshield-platinum-plan lifeshield-plus-plan-2 lifestyle-protection-accident-care-plan lifetime-income-plan maha-life-supreme-plan mahalife-gold-plan mahalife-gold-plus-plan mahalife-magic-plan max-life-insurance mylife-plus-plan new-creating-life-insurance-plan new-fulfilling-life-plan new-shri-life-plan sahara-life-insurance hdfc-life-sanchay-plan shriram-life-insurance-plan smart-life-plan smart-lifelong-plan ujjwal-life-plan ujjwal-life-sp-plan vision-lifeincome-plan vision-lifesecure-plan whole-life-super-plan life-insurance lifeshield-plus-plan prospering-life-plus-plan life-insurance-corporation-of-india apollo-life-insurance bajaj-life-insurance bharti-axa-life-insurance birla-life-insurance cholamandalam-life-insurance future-general-life-insurance hdfc-life-insurance iffco-life-insurance liberty-life-insurance magama-hdi-life-insurance max-bupa-life-insurance national-life-insurance new-india-life-insurance oriental-life-insurance reliance-life-insurance religare-life-insurance royal-sundram-life-insurance sbi-life-insurance shriram-life-insurance sompo-life-insurance star-health-life-insurance star-union-life-insurance tata-life-insurance united-life-insurance how-to-link-aadhar-and-pan-card-with-sbi-life-insurance how-to-link-aadhar-and-pan-card-with-hdfc-life-insurance how-to-link-aadha-with-icici-prudential-life-insurance life-insurance lic-of-india
Life Gain Premier Plans
Introduction/Overview Life Gain Premier Plan is a traditional Endowment Assurance plan which aims to build a corpus for future needs and also provide life insurance cover. Key Features It is a participating plan with limited premium payment option which varies with the policy term Bonuses are declared form the end of 2nd policy year which can be availed in the following 3 options: Purchase Paid-up Additions – the bonus can be used to increase the Sum Assured which also earn additional bonuses Paid in Cash – the bonus can be availed in cash payouts every year Premium Offset – the bonus can be used to offset subsequent premiums Terminal Bonus is also paid after the completion of 10 years on maturity, surrender or death
Product Specification
Details About Premium Annual premium in Rupees for SA of 3 lakhs Policy Details Grace Period: 15 days grace period is allowed for premium payment in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 or 3 full years premiums have been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV = GSV% of total premiums paid + GSV % of accrued paid-up additions Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions Loan is available under the plan with a minimum of Rs.10,000 and maximum of 50% of the Special Surrender Value Additional Features or Riders Max Life Payor Rider is available under the plan Exclusions In case of suicide committed within 12 months of policy inception or revival higher of the premiums paid or the Surrender Value is refunded if the policy acquires a Surrender Value or total premiums paid is refunded where the policy has not acquired Surrender Value
Benefits
On death of the policyholder, Guaranteed Death Benefit + accrued paid-up additions + Terminal Bonus, if any is paid The Guaranteed Death Benefit is higher of 11 times the annual premium or 105% of total premiums paid or Guaranteed Maturity SA chosen On Maturity, Guaranteed Maturity SA + accrued Paid-up Additions + Terminal Bonus, if any is paid There is also the provision of Terminal Illness Benefit where 50% of the SA is paid upfront if the insured is diagnosed with a terminal illness 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.
Life Gain Premier Plans
Introduction/Overview Life Gain Premier Plan is a traditional Endowment Assurance plan which aims to build a corpus for future needs and also provide life insurance cover. Key Features It is a participating plan with limited premium payment option which varies with the policy term Bonuses are declared form the end of 2nd policy year which can be availed in the following 3 options: Purchase Paid-up Additions – the bonus can be used to increase the Sum Assured which also earn additional bonuses Paid in Cash – the bonus can be availed in cash payouts every year Premium Offset – the bonus can be used to offset subsequent premiums Terminal Bonus is also paid after the completion of 10 years on maturity, surrender or death
Product Specification
Details About Premium Annual premium in Rupees for SA of 3 lakhs Policy Details Grace Period: 15 days grace period is allowed for premium payment in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 or 3 full years premiums have been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV = GSV% of total premiums paid + GSV % of accrued paid-up additions Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions Loan is available under the plan with a minimum of Rs.10,000 and maximum of 50% of the Special Surrender Value Additional Features or Riders Max Life Payor Rider is available under the plan Exclusions In case of suicide committed within 12 months of policy inception or revival higher of the premiums paid or the Surrender Value is refunded if the policy acquires a Surrender Value or total premiums paid is refunded where the policy has not acquired Surrender Value
Benefits
On death of the policyholder, Guaranteed Death Benefit + accrued paid-up additions + Terminal Bonus, if any is paid The Guaranteed Death Benefit is higher of 11 times the annual premium or 105% of total premiums paid or Guaranteed Maturity SA chosen On Maturity, Guaranteed Maturity SA + accrued Paid-up Additions + Terminal Bonus, if any is paid There is also the provision of Terminal Illness Benefit where 50% of the SA is paid upfront if the insured is diagnosed with a terminal illness 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.