This plan provides financial support for the family
in case of unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder.
Bajaj Allianz iSecure Loan is a traditional online term insurance plan designed to cover loans or mortgages availed by the policyholder thus ensuring peace of mind in taking care of the policyholder's liability even in case of unfortunate death
In case of unfortunate death at any time during the policy term, the benefit received by the nominee / claimant will be Rs. 12,00,000 paid over 240 equated monthly installment.
In case of unfortunate death before the maturity date, provided the policy is in - force, the death benefit payable to the nominee as a lump - sum (subject to the Guaranteed Death Benefit *) is:
This plan not only makes provision for your children's future (maturity benefit) but also ensures that their future remains
secured in case of your unfortunate death (death benefit + Premium Waiver Benefit + income benefit).
HDFC Life Pragati is a traditional endowment participating life insurance plan which offers a dual benefit of savings and protection.This plan enables you to provide a quality life to your family with the quality of life and peace of mind.It ensures you have adequate saving funds to accomplish your long term objectives along with the financial
protection in case of an unfortunate death.
Alternatively, you can take a term plan and invest in this plan with premium waiver benefit,
so in case of unfortunate death, lump sum takes care of the child's growing age and immediate family contingencies and the child plan takes care of regular return at the childs stipulated age, as planned by you, without paying anything.
The investment plan allows you to build a robust corpus to meet your future financial goals along with providing financial protection to your loved
ones in case of your unfortunate death during the policy term.
If all due premiums are paid,
then in case of unfortunate death of the life assured during the policy term, the death benefit payable is higher of Sum Assured or Fund Value or Guaranteed Death Benefit of 105 % of the total premiums paid, till the date of death.
A pure LIC term insurance plan which provides for the payment of the death
benefit in case of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.
Protection for your family - complete protection for your family against the financial loss or burden (such as repayment of mortgage for your house), with full Sum Assured
payment in case of an unfortunate death.