Insuremile
IRDAI/I NTAII/BA/51/2018
CIN: U72900KA2018PTC110119

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Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents.

On maturity, higher of the Fund Value or 110% of all premiums paid is payable The maturity amount can be used in the following ways: Commute 1/3rd of the corpus and receive immediate annuity form the remaining corpus Purchase a single premium deferred annuity plan form the insurer Extend the deferment period in the same policy if age is lower than 55 years On death, higher of the fund value or 105% of total premiums paid is returned to the nominee The death benefit can be withdrawn or used to buy an annuity form the company Income tax benefit on the commuted part of the corpus under Section 10(10A) and on the premiums paid under Section 80C of the Income Tax Act.

Details About Premium Benefit illustration for an annual premium of Rs.50,000 for a 35 year male Policy Details Grace Period: 15 days grace period is allowed for payment of premium 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 5 years. The surrender value can be either used to buy a deferred annuity plan form the company or 1/3rd of the value can be commuted and the rest has to be used to buy annuity. 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 Top-ups are allowed to increase investment with a minimum of Rs.5000 Additional Features or Riders Loyalty Additions @ 1% start from the end of the 6th policy year and increase every 3 years by another 1% Exclusions If suicide is committed within 12 months of policy inception or revival o nly the fund value as on that date is payable