Keeping this in mind, a lot of life insurance companies have introduced a new
plan variant of life insurance — an income replacement life insurance plan.
You can also choose a
term plan variant with monthly income along with the lump sum payout, further helping your family with day - to - day expenses.
Various health insurers have come up with
diversified plan variants that offer such services as wellness benefits and vaccination cover.
Since 2013 each fund has its direct
plan variant in which no commission is paid to the intermediaries and hence its expense ratio is lower resulting in higher returns to the investor.
However, the
direct plan variant of the fund has given 7.94 % returns which are higher than that of the Category returns.
Its basket of investment strategies is passable but lacks certain features like a systematic transfer
plan variant which transfers premium money automatically each month from a debt to equity fund in the ULIP.
Choose from 3
Plan Variants at the time of taking the policy and decide the best - suited option of how your nominee should avail the Death Benefit:
However, the
direct plan variant of the fund has given returns of 9.63 % in last 3 years which are well above that of the category average.
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Benefits and Cost Sharing PUF (BenCS - PUF)--
Plan variant - level data on essential health benefits, coverage limits, and cost sharing.
The plan has four variants depending on the amount of premium paid and the benefits payable depend on
the plan variant chosen.
Your premium will be based on Sum Assured,
plan variant, gender, age, policy term and premium payment frequency.
This capping depends on the amount of Sum Assured opted for and
the plan variant.
With an option of three
plan variants, you can determine the sum insured up to Rs. 50 lakhs based on an estimate of your medical expenses.
Availability of 3
Plan Variants — Basic Life Cover, Basic Life Cover + Monthly Income, Basic Life Cover + Increasing Monthly Income
With the combination of these 3 major benefits, the plan offers 7
plan variants:
You can customize your policy to suit your requirement in the following manner: Step 1: Choose
your plan variant: Super or Life Step 2: Choose your Sum Assured Step 3: Choose your Policy Term Step 4: Choose your Premium Payment Frequency Plan varient chosen at inception can not be changed during the policy term.
Plan premium will be based on Sum Assured,
plan variant, gender, age, policy term and premium payment frequency.
However, additional protection can be opted, as per
the plan variant chosen.
Premiums are to be paid for the entire plan term and would be calculated based on the term,
plan variant and the Sum Assured chosen.
On death during the period, the death benefit depending on
the plan variant and accrued bonuses is paid.
2
plan variants can be opted under this plan:
Premium Waiver: Premium waiver benefit for 3 years in case of death of the spouse under elite
plan variant and in case of diagnosis of malignant cancer of female organs or birth child with congenital disorder under all 3 plan variants.
Day care treatment or procedures are covered under all
the plan variants in hospital / day care centre but not in the outpatient department of the hospital.
Periodic Cash Payouts: Periodic cash payouts of 100 % of your next 3 years premiums on the respective due dates in the event of diagnosis of malignant cancer of female organs or birth child with congenital disorder under all 3
plan variants.
With life cover, you can ensure financial security for the family, in case of your fortunate death.4
plan variants can be opted under this plan.
Inpatient hospitalization expenses are covered upto the sum insured opted as per the available 4
plan variants.
3
Plan Variants ca... Read more
2
plan variants can be chosen under this policy which are Plan 1 - Accidental Death & Dismemberment, and Plan 2 - Accidental Death & Dismemberment & Permanent Total Loss of Use (including PTD)
The plan offers 3
plan variants:
There are no variants offered under this plan