assured-savings-plan bluechip-savings-insurance-plan fixed-savings-plan lifesurance-savings-insurance-plan lifesurance-whole-life-savings-insurance-plan met-endowment-savings-plan savings-plan savings-suraksha-plan secure-savings-plan smart-guaranteed-savings-plan hdfc-super-savings-plan
Lifesurance Savings Insurance Plans
Lifesurance Savings Insurance Plan is a traditional participating Endowment Assurance plan which provides long term savings and life insurance for a happy and planned future
Benefits
On maturity, the basic SA along with the aggregate Guaranteed Additions + vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder. On death of the policyholder, the death SA + vested Guaranteed benefits + vested reversionary bonuses + interim bonus + terminal bonus, if any, is paid to the nominee The Death Sum Assured is defined as the higher of the maturity SA or 10 times the annual premium or 105% of all premiums paid till death 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.
Inclusions
Loan is available under the plan to a maximum of 85% of the Surrender Value and a minimum amount of Rs.5000
Exclusions
In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid In case of the Accidental rider, benefit is not payable for death from accidents which are self-inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities, aviation, etc.
Key Features
It is a participating plan with limited and regular premium payment option Guaranteed Additions, reversionary bonuses, interim bonus and terminal bonus add to the corpus Guaranteed Additions are added in the first 5 policy years @ 5% of the maturity Sum Assured Reversionary bonuses accrue form the 6th policy year
Product Specification
Policy Details Details About Premium Annual premium in Rupees for a Sum Assured of 5 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 2/3 full years premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV = GSV Factor * Basic premiums paid including the GSV of Guaranteed Additions and Bonuses 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.
Additional Features or Riders
Accidental Death Benefit rider is available under the plan Rebates for choosing high Sum Assured of 10 lakhs and above Discount in premium for female lives
Documents Required
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. New Delhi Marathon to be sponsored by IDBI Federal Life Insurance 8 Day Claim Settlement Guarantee by IDBI Federal Seven New Plans by IDBI Federal Life Insurance
Lifesurance Savings Insurance Plans
Lifesurance Savings Insurance Plan is a traditional participating Endowment Assurance plan which provides long term savings and life insurance for a happy and planned future
Benefits
On maturity, the basic SA along with the aggregate Guaranteed Additions + vested reversionary bonuses + terminal bonus, if any, is paid to the policyholder. On death of the policyholder, the death SA + vested Guaranteed benefits + vested reversionary bonuses + interim bonus + terminal bonus, if any, is paid to the nominee The Death Sum Assured is defined as the higher of the maturity SA or 10 times the annual premium or 105% of all premiums paid till death 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.
Inclusions
Loan is available under the plan to a maximum of 85% of the Surrender Value and a minimum amount of Rs.5000
Exclusions
In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid In case of the Accidental rider, benefit is not payable for death from accidents which are self-inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities, aviation, etc.
Key Features
It is a participating plan with limited and regular premium payment option Guaranteed Additions, reversionary bonuses, interim bonus and terminal bonus add to the corpus Guaranteed Additions are added in the first 5 policy years @ 5% of the maturity Sum Assured Reversionary bonuses accrue form the 6th policy year
Product Specification
Policy Details Details About Premium Annual premium in Rupees for a Sum Assured of 5 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 2/3 full years premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV = GSV Factor * Basic premiums paid including the GSV of Guaranteed Additions and Bonuses 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.
Additional Features or Riders
Accidental Death Benefit rider is available under the plan Rebates for choosing high Sum Assured of 10 lakhs and above Discount in premium for female lives
Documents Required
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. New Delhi Marathon to be sponsored by IDBI Federal Life Insurance 8 Day Claim Settlement Guarantee by IDBI Federal Seven New Plans by IDBI Federal Life Insurance
acko adityabirla healtisurance apollo health isurance bajajallianz general insurance bharti axa insurance cholamandalam general insurance manipal health insurance dhfl general insurance edelweis general insurance futuregenerali general insurance godigit general insurance hdfcergo general insurance icicilombard general insurance iftokio general insurance kotak gener insurance libert general insurance magmahdi general insuance maxbupa health insurance national generla insurance Rahejaqbe general insurance reliancegeneral reliance health insurance reliance general insurance royalsundaram general insurance sbigeneral general insurance shriram general insurance star health insurance tataaig general insurance new india assurance general insurance oriental general insurance united general insurance universalsompo general insurance