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CashBak is a fixed-term insurance plan that you can invest in for either 15 or 20 years, depending on your financial goals and objectives. Take a look at the features and benefits of this plan:
Guaranteed additions: Receive additional sums at the rate of 3.5% compounded annually on the Sum Assured, for the first four years.
Liquidity benefit: Receive a percentage of the basic Sum Assured at the end of year 3, 6, 9 and 12, if you choose a 15-year plan. If you choose a 20-year plan, receive payouts at the end of year 4, 8, 12 and 16.
Death benefit: Should something happen to you, your nominee will receive the Sum Assured along with guaranteed additions for the first 4 years, along with vested bonuses, irrespective of the survival benefits already paid.
Maturity benefit: Receive 50% of the Sum Assured along with guaranteed additions, for the first 4 years, and vested bonuses (if any).
Tax benefits: Enjoy tax savings on your premiums (under u/s 80 C) and tax exemptions on your death and maturity benefits [under u/s 10 (10 D)].
If you would like to know more about this plan, please click here for our advisor to contact you!
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