|
Eligible Age
|
18 years to 60 years
|
Coverage term
|
10 years to 50 years
|
Maximum Coverage Ceasing Age
|
75 years
|
Sum Assured
|
Rs. 300,000 to Rs. 2,000,000
|
Premium payment frequency
|
Monthly, Half-yearly, Annual
|
Tax Benefit
|
As per prevailing tax laws under Section 80C & 80D
|
Modes of Premium Payment:
Premiums are payable through any of the following modes:
Cash*
Cheques
Demand Drafts
Pay Orders
Bankers Cheque
Internet facility as approved by the Company from time to time.
Electronic Clearing System
Credit Cards (Only standing instruction)
*Amount and Modalities will be subject to company Rules and relevant legislation/regulations
Premium Payment frequency:
Your Premium will fall due in every policy year based on the periodicity of payment of premiums, i.e.
- Yearly,
- Half-Yearly or
- Monthly
How much does the coverage cost?
The most comprehensive coverage is also affordable. Below are the annual premium rates for a Sum Assured of Rs. 500,000 for various policy terms and entry ages for Males.
| Age(Years) |
Policy Term |
|
|
| |
15 years |
20 years |
25 years |
25
|
Rs. 2435
|
Rs. 2474
|
Rs. 2734
|
30
|
Rs. 2896
|
Rs. 3204
|
Rs. 3738
|
35
|
Rs. 4106
|
Rs. 4724
|
Rs. 5576
|
40
|
Rs. 6282
|
Rs. 7281
|
Rs. 8442
|
45
|
Rs. 9804
|
Rs. 11,182
|
Rs. 12,554
|
Premium in Rupees
The premiums are guaranteed for first five years from the date of commencement of the policy. Thereafter, the premiums are annually reviewable. Any change in premium will only be effected with approval from IRDA.
Above premiums are inclusive of modal rebate and Large SA discount & exclusive of any service tax and education cess.
Waiting Period:
No benefit in respect of Critical Illness Benefit (CIB) or Total & Permanent Disability Benefit (TPDB) will be payable if it has occurred due to sickness within the first 6 months of the policy or first 3 months of the policy reinstatement date where the policy has lapsed for more than 3 months.
Crisis Cover: UIN 105N072V01
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