Moreover, all future premiums are waived and
Guaranteed Annual Payouts of Rs 2,00,000 will be payable in the last four policy years before the maturity of the policy.
IDBI Federal Childsurance Savings Protection Insurance Plan is a non-linked participating plan, which provides
guaranteed annual payouts at key milestones of your child, even when you are not around.
Incomesurance Guaranteed Money Back plan is a plan which ensures guaranteed income that enables you to attain a peace of mind and be assured about a safe financial future.The plan offers limited premium payment for 7 years and get life cover for 14 years.The plan
offers guaranteed annual payouts irrespective of the market volatility.
A traditional participating endowment plan — Childsurance Savings Protection Insurance Plan which is
with guaranteed annual payouts and inbuilt waiver of premium and a unit - linked endowment plan — Wealthsurance Suvidha Growth Insurance Plan are also included that focus on first time ULIP customer.
Notwithstanding his good financial position, Mahesh is attuned to the need for a financial instrument that will help him multiply his savings and provide
guaranteed annual payouts once his son completes 21 years of age.
The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.
A Guaranteed Annual Payout called the Tuition Fee Support depending on the premium variant is paid out every year after the completion of the premium paying tenure and till the child reaches 17 years of age.
Guaranteed Annual Payouts are paid out in the last 3 years @ 20 %, 20 % and 60 % of the Maturity Sum Assured or in the last 5 years @ 20 % every year
The child will receive
the Guaranteed Annual Payouts as usual even if the policyholder is not around
Additionally, the future premiums are waived and your nominee would be paid
the guaranteed annual payouts on their respective due dates.
Guaranteed Annual Payouts — once the 10th policy year is completed, you will begin receiving yearly payouts until maturity or death of the Life insured (whichever is earlier)
Childsurance Savings Plan: Helping you secure your child's future, this plan offers
you guaranteed annual payouts to fund important milestones in their lives.
It is paid out as
guaranteed annual payouts either in the last 3 or last 5 years of the policy, depending on the policy term you choose.
Even in the unfortunate event of death,
the guaranteed annual payouts and bonuses will be paid on their respective due dates.
The plan gives
you guaranteed annual payouts either in the last 3 or last 5 years of the policy, depending on the policy term you choose.
Money backs are paid in the form of
Guaranteed Annual payouts either in the last three plan years at 20 %, 20 % and 60 % of basic Sum Assured or in the last five years of the plan at 20 % of the basic Sum Assured every year.
The Guaranteed Annual Payouts will accrue when they fall due and on maturity, the vested bonuses including any Terminal Bonus is paid to the nominee
In case of death of Life Assured during Policy Term, future premiums are waived off and
guaranteed annual payouts are payable to the nomi
In case of death of a policy holder during the policy term, future premiums are waived off and
guaranteed annual payouts are payable to the nominee
In case of Mr. Sharma's death, Mrs. Sharma will continue to receive
the guaranteed annual payout of Rs. 62,240 throughout her lifetime.
All the future premiums are waived and the nominee will receive
the guaranteed annual payouts.
Death Benefit is equal to an immediate lump sum benefit plus
Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.
The Guaranteed Annual Payout percentage depends on the Policy term option chosen and is mentioned below.
In the event of unfortunate death of the life insured during the term of the policy, an immediate lump sum benefit plus
Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.
This plan is designed to give
the guaranteed annual payouts at important milestones of your child, even in your absence.
The guaranteed annual payouts are also payable in the last 5 years (20 % in each of the last 5 years) and it is applicable when the policy term is 15 to 25 years.
Guaranteed annual payouts are payable for the last 3 years (20 % each of the last 2 years from maturity and 60 % at policy maturity) and it is applicable when the policy term is 10 to 14 years.
Maturity sum assured is paid as
guaranteed annual payouts to meet key milestones of your child.
The guaranteed annual payout is payable, in case all the due premiums have been paid.
All the future premiums are also waived and the nominee will receive
the guaranteed annual payouts.
Scenario A: Ajay Survives the Policy Term
The guaranteed annual payouts are payable in the last 5 years, as 20 % in each of the last 5 years, thus the guaranteed annual payouts payable are Rs 1,00,00 for each of the last 5 years.
In case of traditional plans, IDBI Federal offers a standalone «Incomesurance» plan which gives
a guaranteed annual payout and allows one to choose their own payout options.
Guaranteed annual payouts are paid every year from the 6 to 10 policy year and are expressed as a percent of annual premium (exclusive of service tax, education cess and mortality loading) depending on the age at entry.