Now that you understand the basic features of the plan, let us now understand the cover options
available under this plan in detail.
Guaranteed monthly payouts are provided
under the plan for 10 years after the completion of the premium paying term.
The lump sum payment can not be less than six times or more than 36 times the monthly amount that would be
payable under the plan of payment selected.
The benefits
paid under this plan helps the family meet their financial expenses, when you are not there.
Child between 91 days to 5 years can be insured only when either of the parents is getting
insured under this plan.
The coverage
offered under the plan helps the insured to deal with the sudden financial burden and also rehabilitation by providing a strong cover and protection.
Moreover, there are customizable coverage
options under the plan which makes the plan provide an all - round coverage.
It pays fixed amount opted
under a plan which will help you in getting the treatment done without any worries.
Under a plan of repayment, you almost always keep all your assets in exchange for a payment plan.
Some retirement plans, on the other hand, offer lifelong insurance coverage, while some plans allow you to include your spouse
under the plan as well.
While premiums have a maximum tax - free limit of Rs. 1.5 lakhs, there is no limit on the death benefit
received under the plan.
* Active participants include any workers currently in employment covered by a plan and who are earning or retaining credited
service under a plan.
However, the coverage
allowed under the plan depends on the health of the insured at the time of buying the policy.
Under the plan approved by the privacy chief, the officer would view the image in a separate room and never see the actual traveller.
If you're not covered
under a plan at work, you can deduct up to the full amount of your contribution limit.
Generally speaking, your payment
amount under this plan will be 10 percent of your after - tax (discretionary) income.
Dairy farmers may be able to spread out their insurance payments
under a plan proposed to the federal agriculture agency.
A borrower gets approval for a certain credit
limit under the plan, with the line being at least $ 5,000, while total credit lines going up to $ 500,000.
The maximum entry age has been reduced to 50 years from 65 years and the policy
term under this plan is now 15 years (minimum)- 35 years (maximum).
You want a loan against your policy — Loan facility is available
under this plan after the policy has acquired a Surrender Value.
The plan will continue unaffected and the benefits as
promised under the plan will accrue as and when they fall due.