https://insuremile.in/online-term-plan-life-cover-plus-monthly-income/ urllinkcontent: Copy linkLife insurance – Compare Max Life Term Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/saral-maha-anand-plan/ urllinkcontent: Life Insurance – Compare SBI Life Saral Maha Anand Plan Unit Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/the-best-preventive-healthcare-insurance-policy-for-a-healthy-india/ urllinkcontent: Copy linkThe best preventive healthcare insurance policy for a healthy India nextrowlinkcontent https://insuremile.in/shiksha-plus-super-plan/ urllinkcontent: General insurance – Compare Max Life Shiksha Plus Super Insurance -Insuremile nextrowlinkcontent https://insuremile.in/u-protect-plan/ urllinkcontent: Life insurance – Compare DHFL Pramerica U Term Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/indian-insurance-buying-behavior/ urllinkcontent: Copy linkIndian Insurance Buying Behavior nextrowlinkcontent https://insuremile.in/exide-life-pension-plans/ urllinkcontent: Life insurance – Compare Exide Life Pension Retirment Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/shriram-life-ulip-plans/ urllinkcontent: Life Insurance – Compare Shriram Life Unit Insurance Plans – Insuremile nextrowlinkcontent https://insuremile.in/money-back-life-insurance-policies-that-guarantees-insurance-along-with-investments-for-future/ urllinkcontent: Copy linkMoney back life insurance policies that guarantees insurance along with investments for future nextrowlinkcontent https://insuremile.in/quintessential-lifestyle-after-retirement-with-the-retirement-plans/ urllinkcontent: Copy linkQuintessential lifestyle after retirement with the retirement plans nextrowlinkcontent
Details about Premium Annual Premium in Rupees and Benefit Illustration for age 30 years Policy Details Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges 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 Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.5,000 Unlimited free Switches are allowed every year for switching between funds Unlimited free Premium Redirections are allowed for redirecting future premiums Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.5000 The corresponding top-up SA will be 1.25 times the top-up premium Exclusions The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.
It is a unit linked plan with Regular and Limited Pay premium payment option There are 3 variants under the life cover option – Smart Invest, Smart Family, Smart Kid The life cover variants can be changed in case of marriage or child birth The spouse can also be covered under the plan under joint life option either since inception or during the term under the Life Partner Benefit Under the Automatic Asset Re-balancing strategy, the allocated premium is invested in a pre-determined ratio between the Equity and Debt oriented funds. The ratio is rebalanced every year and the funds are invested majorly in debt oriented funds towards maturity to protect the returns against market fluctuations The following 6 funds are available for investment Exide Life Prime Equity Growth Fund Balanced Fund Secure Fund Exide Life Preserver Exide Life Active Asset Allocation
Policyholder has to fill up an `Application form/ proposal form with accurate medical history and submit KYC documents. ING Vysya Life Insurance gets Rechristened to Exide Life Insurance
Loyalty Additions equal to allocation charges paid during the term 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 under the Structured Payout Period On death of the policyholder, higher of the Sum Assured including top-up Sum Assured net of partial withdrawals made 24 months prior to death or Fund Value including top-up Fund Value is paid subject to a minimum of 105% of all premiums paid till death under the Smart Invest variant Under the Smart Family variant, death benefit is higher of SA or 105% of premiums paid + Fund Value. The benefit can be availed for single or joint life Under the Smart Kid variant, death benefit is higher of SA or 105% of all premiums paid. All future premiums are waived off and the plan continues Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
Smart Future Insurance Plan is a Unit Linked Insurance Plan that yields good returns through market participation and also provides life insurance coverage.
