Exide Life Prospering Life Plus is a Unit Linked Insurance plan which aims to maximize wealth by capital market participation and at the same time, provide life insurance coverage
Loyalty Additions as a % of Fund Value are added on death or maturity for premium rates equal to or higher than Rs.96,000
The insured will get the Fund Value including top-up Fund Value on Maturity
The Maturity Value can be taken partly in lump sum and partly in instalments over a period of 5 years starting at 20% and increasing by 20% every year
On death of the policyholder, higher of the Sum Assured including top-up Sum Assured or 105% of all premiums paid till death or Fund Value including top-up Fund Value is paid
Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
Key benefits of mediclaim insurance
The best mediclaim insurance policy cover provides medical cover for treatment outside India. This is subject to predetermined conditions set by the insurer but is availed by most insurance companies.
Although premiums payable on mediclaim policies differ from one insurer to the other, requesting for a mediclaim insurance quote with the proper information will provide you with the best cover based on the term of the plan, age and the sum insured.
Claims policy for a mediclaim plan differs among insurance providers. Compare mediclaim insurance policies to ensure you get one that suits your needs. This is because some insurance firms opt to reimburse claims on the provision of proof while others opt for cashless payments through a TPA.
With the payment of one premium, you can provide a mediclaim family cover that may also make you eligible for discounts. This is however dependent on the insurance provider compare mediclaim plan providers for the best discounts.
Although the age range that can be insured varies between insurance providers, most insurance companies insure persons between 5-80years. Online mediclaim insurance information provided by insurance companies can guide you to find an insurer that covers your needs accordingly.
A mediclaim insurance plan also makes you eligible for tax savings under Section 80D of up to Rs 15,000. These benefits increase as the number of persons and age of persons covered increase.
A mediclaim insurance plan comes with a wide range of cover types available. Depending on your needs, chose the best mediclaim health insurance policy available.