This document summarizes an insurance plan called IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 Pay. It offers:
- Guaranteed annual payouts ranging from 126.66% to 143.23% of premiums paid, starting from the 8th year for 7 years.
- Life cover for 14 years while only paying premiums for the first 7 years.
- A critical illness benefit that provides a lump sum payout of guaranteed annual premiums proportional to premiums paid if diagnosed with a covered critical illness.
1. HDFC Life Uday is a traditional non-linked life insurance plan that provides savings, protection and bonuses.
2. Key features include guaranteed additions of 3% annually for 5 years, reversionary bonuses declared yearly, and accidental death benefit.
3. The plan offers multiple premium and policy term options. On death, the nominee receives the sum assured plus bonuses or 105% of premiums paid, whichever is higher. On maturity, the policyholder receives the sum assured plus all accrued bonuses.
This document summarizes the features and benefits of LIC's New Jeevan Nidhi pension plan. It provides death coverage during the deferment period and offers an annuity on survival to the vesting date. Key benefits include a lump sum or annuity payment of the basic sum assured plus bonuses to nominees in case of death, and a lump sum or annuity of the same amounts to the life assured at vesting. The document provides details on eligibility, premiums, bonuses, surrender value, revival, and more.
This document summarizes the Birla Sun Life Insurance Vision LifeIncome Plan. It is a traditional participating whole life insurance plan that offers a guaranteed annual income of 5% of the sum assured plus bonuses every year after the premium paying term. It also provides comprehensive life insurance cover until age 100. The plan allows for premium payments to be made annually, semi-annually, quarterly or monthly and premium amounts are based on the chosen sum assured between Rs. 200,000 to Rs. 800,000+. The plan provides annual survival benefits, maturity benefits at age 100, and death benefits to beneficiaries.
- This document summarizes a life insurance plan from HDFC Life called Click2Protect Life that offers various options to suit different needs and life stages, including options that provide life coverage, critical illness coverage, and retirement income.
- The plan offers options to choose coverage amounts and terms, adjust coverage levels over time, get income payments starting at age 60, and reduce premium payment terms. It also offers coverage for COVID-19 claims and features like waiver of premium on critical illness.
- Three main plan options are described - Life & CI Rebalance which balances life and critical illness coverage over time, Life Protect which provides a lump sum on death, and Income Plus which provides coverage until maturity plus income payments starting at age
The document summarizes a term life insurance plan called the BSLI Easy Protect Plan offered by Birla Sun Life Insurance. The plan offers two options - level term assurance and increasing term assurance. It provides financial protection to the family in case of the policyholder's unfortunate demise. Customers can choose the sum assured, policy term, premium paying term, and premium payment frequency. The plan offers tax benefits and has no maturity benefit.
LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.
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Money Back Plan is a type of endowment life insurance policy that provides periodic survival benefits to the policyholder. Some key points:
- Survival benefits are paid as a percentage of the sum assured after fixed intervals, such as every 5 years.
- The full death benefit of the sum assured is paid out if the policyholder passes away, regardless of any survival benefits already received.
- Money Back Plans offer liquidity to the policyholder and can be used for needs like children's education over the term of the policy.
1. HDFC Life Uday is a traditional non-linked life insurance plan that provides savings, protection and bonuses.
2. Key features include guaranteed additions of 3% annually for 5 years, reversionary bonuses declared yearly, and accidental death benefit.
3. The plan offers multiple premium and policy term options. On death, the nominee receives the sum assured plus bonuses or 105% of premiums paid, whichever is higher. On maturity, the policyholder receives the sum assured plus all accrued bonuses.
This document summarizes the features and benefits of LIC's New Jeevan Nidhi pension plan. It provides death coverage during the deferment period and offers an annuity on survival to the vesting date. Key benefits include a lump sum or annuity payment of the basic sum assured plus bonuses to nominees in case of death, and a lump sum or annuity of the same amounts to the life assured at vesting. The document provides details on eligibility, premiums, bonuses, surrender value, revival, and more.
This document summarizes the Birla Sun Life Insurance Vision LifeIncome Plan. It is a traditional participating whole life insurance plan that offers a guaranteed annual income of 5% of the sum assured plus bonuses every year after the premium paying term. It also provides comprehensive life insurance cover until age 100. The plan allows for premium payments to be made annually, semi-annually, quarterly or monthly and premium amounts are based on the chosen sum assured between Rs. 200,000 to Rs. 800,000+. The plan provides annual survival benefits, maturity benefits at age 100, and death benefits to beneficiaries.
- This document summarizes a life insurance plan from HDFC Life called Click2Protect Life that offers various options to suit different needs and life stages, including options that provide life coverage, critical illness coverage, and retirement income.
- The plan offers options to choose coverage amounts and terms, adjust coverage levels over time, get income payments starting at age 60, and reduce premium payment terms. It also offers coverage for COVID-19 claims and features like waiver of premium on critical illness.
- Three main plan options are described - Life & CI Rebalance which balances life and critical illness coverage over time, Life Protect which provides a lump sum on death, and Income Plus which provides coverage until maturity plus income payments starting at age
The document summarizes a term life insurance plan called the BSLI Easy Protect Plan offered by Birla Sun Life Insurance. The plan offers two options - level term assurance and increasing term assurance. It provides financial protection to the family in case of the policyholder's unfortunate demise. Customers can choose the sum assured, policy term, premium paying term, and premium payment frequency. The plan offers tax benefits and has no maturity benefit.
LIC’s New Jeevan Nidhi Plan is a conventional with profits pension plan with a combination of protection and saving features. This plan provides for death cover during the deferment period and offers annuity on survival to the date of vesting.
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Money Back Plan is a type of endowment life insurance policy that provides periodic survival benefits to the policyholder. Some key points:
- Survival benefits are paid as a percentage of the sum assured after fixed intervals, such as every 5 years.
- The full death benefit of the sum assured is paid out if the policyholder passes away, regardless of any survival benefits already received.
- Money Back Plans offer liquidity to the policyholder and can be used for needs like children's education over the term of the policy.
The document discusses an endowment plan called InvestGain that provides life insurance protection and savings for various future financial goals. It has 4 plan options with increasing death benefits and offers low cost riders for additional accident and critical illness coverage. The plan allows paying premiums for a limited period and provides benefits like family income in case of death or disability. Examples illustrate how the riders enhance the basic policy's coverage.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
This document discusses various types of life insurance policies including money back policies, annuities and pensions, unit linked policies, and Jeevan Sathi policies. Money back policies provide survival benefits at regular intervals and a death benefit. Annuities and pensions provide regular income in retirement. Unit linked policies allow investment flexibility and tax benefits. Jeevan Sathi is a joint life policy that provides benefits upon the death of either partner or a maturity payout if both partners survive to the end of the policy term.
The document describes two types of pension plans - Jeevan Akshay V and New Jeevan Suraksha-1. Jeevan Akshay V is an immediate annuity plan that provides lifetime annuity payments in return for a lump sum purchase. It offers options for the type, amount, and payment frequency of annuities. New Jeevan Suraksha-1 is a deferred annuity plan that allows savings to be annuitized after a set term, and offers death benefits, bonuses, and surrender values. The document provides details on benefits, premiums, taxation, and payout options for both plans.
LIC's New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
ICICI Prudential Life Insurance provides various insurance plans, including money back policies and ICICI Pru Cash Advantage. The money back policy provides life coverage and maturity benefits paid out over 20-25 years. ICICI Pru Cash Advantage offers guaranteed monthly cash benefits during the payout period, guaranteed maturity benefits, life coverage, and limited premium payment periods of 5-10 years. It works by calculating guaranteed cash and maturity benefits based on factors like premiums, sum assured, age, and gender. Benefits include death and maturity payouts, with loans and revival options also available under certain conditions.
Money Back Plan in India | Money Back InsuranceHarshit2014
Bajaj Allianz Invest Assure is a plan that gives you assured protection with financial benefits It takes only a moment to make promises and a lifetime to keep them. When you promise to see your family through thick and thin, you need to make sure that you have planned for all the eventualities that may befall on them.
This document summarizes an insurance savings plan offered by IDBI Federal Lifesurance. The plan allows customers to save small amounts for big dreams through guaranteed additions and bonuses. It provides lump sum payout, flexibility to choose policy terms, financial protection for beneficiaries, and tax benefits. The plan is backed by three strong financial institutions - IDBI Bank, Federal Bank, and Ageas insurance.
This document provides information on LIC policies for parents with handicapped children. It summarizes two LIC policies - Jeevan Adhar and Jeevan Vishwas.
Jeevan Adhar provides life insurance cover for the purchaser (parent) throughout their lifetime. Benefits are meant for the handicapped dependent and include a lump sum payment and annuity. Jeevan Vishwas is an endowment plan where sums assured plus bonuses are used to provide the dependent an annuity or lump sum upon the policyholder's death or maturity. Both policies require dependents to meet section 80DDA conditions and provide tax benefits to parents.
It has been decided to introduce LIC’s New Endowment Plan (Plan No. 814) with effect from 3rd January, 2014.
The Unique Identification Number (UIN) for LIC’s New Endowment Plan is ¬¬¬¬¬¬¬¬¬512N277V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channels).
This is a regular premium paying conventional With-Profits Endowment Assurance plan. The benefits and other details of the plan are given in the document.
E-Brochure for Kotak Premier Moneyback PlanviralAgarwal
"Kotak Premier Moneyback Plan is a Savings cum Insurance Plan that provides
lump-sum payouts at regular intervals. Refer to this brochure to know more."
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document summarizes the key features of LIC's Jeevan Umang whole life insurance plan. It provides annual survival benefits after the premium paying term until maturity, as well as a lump sum payment at maturity or on death of the policyholder. Eligibility includes a minimum basic sum assured of Rs. 200,000 with no upper limit, and premium paying terms of 15-30 years. The plan offers death and maturity benefits, paid-up value options, policy loans, participation in profits, and optional riders.
LIC's Jeevan Vriddhi - 808 is a single premium non-linked insurance plan that offers guaranteed returns at maturity along with life insurance coverage. It has a policy term of 10 years and offers a maturity benefit equal to the guaranteed maturity sum assured plus any loyalty additions. The death benefit is equal to 5 times the single premium. The plan accepts a minimum premium of Rs. 30,000 and has no upper limit on the sum assured amount. It provides liquidity through policy loans and surrender benefits after one year.
LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Why consider Advantage Plus Whole Life Insurance?Pravesh Vasudeva
Advantage Plus Whole Life Insurance offers you a path towards financial security and overall wellness. To know more about the plan get in touch with our advisors at www.trustlife.ca
ICICI Pru iCare is a term life insurance plan that offers two options to choose from based on protection needs. Option I provides a death benefit equal to the sum assured, while Option II provides the sum assured plus an additional accidental death benefit of up to Rs. 50 lakhs. The plan offers instant life insurance coverage upon online application approval. Premiums are affordable and premiums paid qualify for tax benefits.
1. The document provides information about claims procedures for a private car insurance policy with Bajaj Allianz General Insurance.
2. It advises policyholders to contact the 24-hour call center directly in the event of a claim instead of going through an agent to ensure proper claims registration and assistance.
3. Additional details on claims processes, requirements, and approved repair shops can be found in the claims guide or by contacting the insurance office or agent. Using an unauthorized repair shop may affect cashless repairs or billing.
The document discusses an endowment plan called InvestGain that provides life insurance protection and savings for various future financial goals. It has 4 plan options with increasing death benefits and offers low cost riders for additional accident and critical illness coverage. The plan allows paying premiums for a limited period and provides benefits like family income in case of death or disability. Examples illustrate how the riders enhance the basic policy's coverage.
The document provides information on various child insurance plans offered by different insurance companies, including eligibility requirements, benefits, premium amounts, and additional features of traditional and unit-linked plans. Key details covered include plan types, riders, minimum and maximum entry ages, premium and sum assured ranges, maturity proceeds, and tax benefits. The plans aim to help parents save and secure their child's future financial needs and education.
This document discusses various types of life insurance policies including money back policies, annuities and pensions, unit linked policies, and Jeevan Sathi policies. Money back policies provide survival benefits at regular intervals and a death benefit. Annuities and pensions provide regular income in retirement. Unit linked policies allow investment flexibility and tax benefits. Jeevan Sathi is a joint life policy that provides benefits upon the death of either partner or a maturity payout if both partners survive to the end of the policy term.
The document describes two types of pension plans - Jeevan Akshay V and New Jeevan Suraksha-1. Jeevan Akshay V is an immediate annuity plan that provides lifetime annuity payments in return for a lump sum purchase. It offers options for the type, amount, and payment frequency of annuities. New Jeevan Suraksha-1 is a deferred annuity plan that allows savings to be annuitized after a set term, and offers death benefits, bonuses, and surrender values. The document provides details on benefits, premiums, taxation, and payout options for both plans.
LIC's New Money Back Plan-25 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
ICICI Prudential Life Insurance provides various insurance plans, including money back policies and ICICI Pru Cash Advantage. The money back policy provides life coverage and maturity benefits paid out over 20-25 years. ICICI Pru Cash Advantage offers guaranteed monthly cash benefits during the payout period, guaranteed maturity benefits, life coverage, and limited premium payment periods of 5-10 years. It works by calculating guaranteed cash and maturity benefits based on factors like premiums, sum assured, age, and gender. Benefits include death and maturity payouts, with loans and revival options also available under certain conditions.
Money Back Plan in India | Money Back InsuranceHarshit2014
Bajaj Allianz Invest Assure is a plan that gives you assured protection with financial benefits It takes only a moment to make promises and a lifetime to keep them. When you promise to see your family through thick and thin, you need to make sure that you have planned for all the eventualities that may befall on them.
This document summarizes an insurance savings plan offered by IDBI Federal Lifesurance. The plan allows customers to save small amounts for big dreams through guaranteed additions and bonuses. It provides lump sum payout, flexibility to choose policy terms, financial protection for beneficiaries, and tax benefits. The plan is backed by three strong financial institutions - IDBI Bank, Federal Bank, and Ageas insurance.
This document provides information on LIC policies for parents with handicapped children. It summarizes two LIC policies - Jeevan Adhar and Jeevan Vishwas.
Jeevan Adhar provides life insurance cover for the purchaser (parent) throughout their lifetime. Benefits are meant for the handicapped dependent and include a lump sum payment and annuity. Jeevan Vishwas is an endowment plan where sums assured plus bonuses are used to provide the dependent an annuity or lump sum upon the policyholder's death or maturity. Both policies require dependents to meet section 80DDA conditions and provide tax benefits to parents.
It has been decided to introduce LIC’s New Endowment Plan (Plan No. 814) with effect from 3rd January, 2014.
The Unique Identification Number (UIN) for LIC’s New Endowment Plan is ¬¬¬¬¬¬¬¬¬512N277V01. This number has to be quoted in all relevant documents furnished to the Policyholders and other users (public, distribution channels).
This is a regular premium paying conventional With-Profits Endowment Assurance plan. The benefits and other details of the plan are given in the document.
E-Brochure for Kotak Premier Moneyback PlanviralAgarwal
"Kotak Premier Moneyback Plan is a Savings cum Insurance Plan that provides
lump-sum payouts at regular intervals. Refer to this brochure to know more."
This document summarizes several endowment policies offered by LIC including Jeevan Anand, Endowment With Profit-14, Limited Payment Endowment with Profits, Jeevan Mitra, Jeevan Saathi, and Marriage Endowment & Educational Annuity. The policies provide a lump sum payment at maturity to cover future expenses like marriage or education, or a death benefit. Key features include moderate premiums, high bonuses, savings orientation, and disability or accident benefits in some plans.
This document summarizes the key features of LIC's Jeevan Umang whole life insurance plan. It provides annual survival benefits after the premium paying term until maturity, as well as a lump sum payment at maturity or on death of the policyholder. Eligibility includes a minimum basic sum assured of Rs. 200,000 with no upper limit, and premium paying terms of 15-30 years. The plan offers death and maturity benefits, paid-up value options, policy loans, participation in profits, and optional riders.
LIC's Jeevan Vriddhi - 808 is a single premium non-linked insurance plan that offers guaranteed returns at maturity along with life insurance coverage. It has a policy term of 10 years and offers a maturity benefit equal to the guaranteed maturity sum assured plus any loyalty additions. The death benefit is equal to 5 times the single premium. The plan accepts a minimum premium of Rs. 30,000 and has no upper limit on the sum assured amount. It provides liquidity through policy loans and surrender benefits after one year.
LIC's New Money Back Plan-20 years is a participating non-linked plan which offers an attractive combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care of liquidity needs through its loan facility.
Why consider Advantage Plus Whole Life Insurance?Pravesh Vasudeva
Advantage Plus Whole Life Insurance offers you a path towards financial security and overall wellness. To know more about the plan get in touch with our advisors at www.trustlife.ca
ICICI Pru iCare is a term life insurance plan that offers two options to choose from based on protection needs. Option I provides a death benefit equal to the sum assured, while Option II provides the sum assured plus an additional accidental death benefit of up to Rs. 50 lakhs. The plan offers instant life insurance coverage upon online application approval. Premiums are affordable and premiums paid qualify for tax benefits.
1. The document provides information about claims procedures for a private car insurance policy with Bajaj Allianz General Insurance.
2. It advises policyholders to contact the 24-hour call center directly in the event of a claim instead of going through an agent to ensure proper claims registration and assistance.
3. Additional details on claims processes, requirements, and approved repair shops can be found in the claims guide or by contacting the insurance office or agent. Using an unauthorized repair shop may affect cashless repairs or billing.
El mantenimiento rutinario del auto es importante para ahorrar dinero y evitar problemas mayores. Muchos conductores solo llenan el tanque de gasolina y se olvidan de revisar y cambiar otros líquidos, partes y accesorios. El mantenimiento adecuado puede prevenir averías y problemas costosos.
A empresa de tecnologia anunciou um novo smartphone com câmera aprimorada, maior tela e bateria de longa duração. O dispositivo também possui processador mais rápido e armazenamento expansível. O novo modelo será lançado em outubro por um preço inicial de US$799.
This document discusses the various life stages of women and their need for life insurance at each stage. It begins by discussing the needs of single women, such as financial security, savings, health protection, and securing parents. As women get married and start families, their needs evolve to include protecting their children and securing their education. For retired women, life insurance can provide a stable income source. The document emphasizes that women often need life insurance as much or even more than men, as their contributions to the household are invaluable. Term life insurance is presented as a popular option to meet women's varying needs at different life stages.
Este documento aprova o novo Regulamento dos Cursos Regulares de Graduação da Universidade Federal do Rio Grande do Norte (UFRN), revogando a resolução anterior. O novo regulamento consolida as normas relativas aos cursos de graduação da UFRN em um único documento legal e define aspectos como a criação, caracterização, projeto pedagógico, suspensão e extinção de cursos.
Advertising startegies of idbi federal life insuranceChanchal Sharma
This document provides an overview of IDBI Federal Life Insurance Co. Ltd., including details about the company, its joint venture partners, products offered, market presence, and financial performance. Some key points:
- IDBI Federal is a joint venture between IDBI Bank, Federal Bank, and Ageas, a multinational insurance company.
- It offers life insurance products through over 3,000 bank branches of its joint venture partners across India.
- As of March 2015, IDBI Federal has issued over 835,000 policies with a total sum assured of over Rs. 53,918 crore.
Successful change can be influenced by a variety of factors, which can affect the result of change itself, as well as the objectives of the project. Change management is the strategic and structured approach for transitioning individuals, teams and organizations from a current state to a desired future state.
Most project managers follow established project management methodologies in order to achieve success. However, some degree of failure is evident in most projects worldwide. One important reason for this failure, is that projects often implement change, and in its turn change may introduce new risk parameters.
The document discusses the physical geography of Europe. It describes the various peninsulas, mountains, rivers and other physical features that make up Europe's landscape. Key points include:
- Europe is made up of several peninsulas extending from Asia, including the Scandinavian and Iberian peninsulas.
- Southern Europe features younger, taller mountain ranges like the Alps, while northern mountains are older and more rounded due to glaciation.
- Major rivers that have been important for trade and transportation include the Rhine, Danube, and Thames.
El documento describe el trazado del Acueducto de Segovia desde su origen en el Río Frío hasta su llegada a la ciudad, incluyendo detalles sobre desarenadores, zonas con doble arcada, inscripciones y su recorrido final hasta el Alcázar. Explica también la función de los desarenadores para eliminar impurezas del agua y evitar obstrucciones en el canal.
Industrial Development Bank of India (IDBI) was established in 1964 to provide long-term financing to industries. It has since diversified into providing various banking services. IDBI provides loans, deposits, investment services to individuals and businesses. It has over 8,000 employees and 689 branches across India. IDBI plays an important role in the development of industries and financial markets in India by establishing institutions like the National Stock Exchange.
This document summarizes a study that investigated whether early avoidance of a heroin-paired taste-cue in rats could predict later addiction-like behavior and differences in protein expression related to addiction vulnerability. Rats received 3 pairings of a saccharin solution with either heroin or saline injections. Rats that suppressed intake of the heroin-paired saccharin cue the most were considered the most vulnerable to addiction. These rats later exhibited greater addiction-like behavior on measures such as drug-seeking and willingness to work for the drug. Protein expression analysis also revealed differences in several proteins associated with addiction vulnerability in the brains of rats that most suppressed intake of the heroin-paired cue compared to rats that suppressed intake the least or received saline pairings
Country Forum Establishment and/or StrengtheningAFAAS
The document discusses the establishment and strengthening of Country Forums by the African Forum for Agricultural Advisory Services (AFAAS). AFAAS aims to improve agricultural extension and advisory services in Africa through creating partnerships among member countries. Country Forums are the building blocks of AFAAS, bringing together actors to lead advisory services development and link stakeholders to the Comprehensive Africa Agriculture Development Programme. The document outlines the process for establishing Country Forums, from obtaining stakeholder interest to developing strategic and operational plans. It also discusses challenges faced and factors for successful Country Forums, providing an overview of forums already launched, signed agreements, and operational or legal status in various countries.
Aegon Life iGuarantee Max Savings Brochure.pdfAegon Life
At various junctures of life, you would need to achieve several goals, small or big, like buying your first vehicle to funding a child’s education or a peaceful retirement. The list could be endless but chalking out these goals at different points in your life, and the finances needed to achieve them is necessary. Therefore, choosing a flexible savings life insurance plan is imperative which not only helps you achieve those goals, but also keeps your family financially secured in case you are not around. To help you with this, we at Aegon Life bring to you ‘Aegon Life iGuarantee Max Savings’, an insurance plan that offers you more than just the steady growth of your corpus while simultaneously helps you in achieving the milestones and safeguarding your family against unfortunate events
LIC's Jeevan Rakshak Plan is a participating non-linked plan which offers a combination of protection and savings. 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. This plan also takes care of liquidity needs through its loan facility.
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This document describes the Kotak Assured Income Accelerator guaranteed income anticipated endowment insurance plan. Some key points:
- It offers a guaranteed increasing income every year during the payout period, with income boosters increasing the guaranteed income by 5-7% annually.
- Death benefits are paid irrespective of any guaranteed income already paid. Guaranteed maturity benefits are also provided.
- Customers pay annual premiums for the selected premium payment term, after which the guaranteed increasing income is paid out each year until maturity.
- Riders can be added for additional protection. Premiums qualify for tax benefits under Indian law.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
This document summarizes a unit-linked insurance plan from HDFC Life. Key highlights include:
- The plan offers three options - Invest Plus, Premium Waiver, and Golden Years Benefit.
- Premiums can be paid regularly or as a lump sum. Fund value grows based on investment performance.
- Death benefit is highest of sum assured, fund value, or total premiums paid. Premium waiver option waives future premiums on proposer's death.
- Plan has lock-in period of 5 years during which partial withdrawals and policy discontinuance rules apply.
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Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
The document describes an insurance plan that offers several options:
1. Return of Premium: Provides life coverage and returns all premiums paid at maturity.
2. Income Benefit: Provides life coverage and monthly income payments starting at age 60.
3. Return of Premium with Life-stage cover: Provides adjustable life coverage based on life stage and returns all premiums paid at maturity.
4. Early return of Premium with Life-stage cover: Similar to 3 but returns all premiums earlier, at age 60 or 70.
The plan allows customization of coverage amounts, benefit options, and return of premium timing. It provides life insurance protection as well as premium returns.
This document describes the features and benefits of LIC's Jeevan Rakshak plan, a participating non-linked savings plan that offers life insurance protection and savings. The plan provides a death benefit equal to the highest of the basic sum assured, 10 times the annual premium, or 105% of premiums paid. It also provides a maturity benefit of the basic sum assured plus loyalty additions paid as a lump sum. The plan has a minimum entry age of 8, maximum of 55, and offers policy terms between 10 to 20 years.
LIC's New Bima Bachat is a participating non-linked savings cum protection plan, where premium is paid in lump sum at the outset of the policy. It is a money-back plan which provides financial protection against death during the policy term with the provision of payment of survival benefits at specified durations during the policy term. In addition, on maturity, the single premium shall be returned along with Loyalty Addition, if any. This plan also takes care of liquidity needs through its loan facility.
LIC's Jeevan Shagun is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium.
The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured.
A percentage of Maturity Sum Assured shall be payable on surviving to the end of the specified durations and on maturity. This plan also takes care of liquidity need through its loan facility. The plan will be open for sale for a maximum period of 90 days from the date of launch.
Systematic Retirement Plans allow you to save systematically & give the flexibility to choose your premium payment term. Click here to buy a systematic pension policy online.
This document summarizes an annuity plan that allows customers to save systematically for retirement and receive guaranteed lifelong income. Key features include:
- Guaranteed annuity rates once the policy is purchased
- Option to receive income monthly, quarterly, or annually for life
- Premiums can be paid over 5-15 years, with income payments starting upon choosing a deferment period
- Income payments are guaranteed for life regardless of investment performance
This document describes the features and benefits of LIC's Jeevan Shagun savings plan. The plan allows the policyholder to choose a maturity sum assured and pay a single premium. It provides death benefits of 10 times the premium as well as survival benefits paid out at years 10, 11, and maturity. At maturity, the policyholder receives 65% of the maturity sum assured plus any loyalty additions. The document provides details on eligibility, sums assured, premiums, loan and surrender benefits.
Exide Life categorizes its products into 3 major categories: retirement and pension plans, savings and investment plans, and plans to meet one's life goals. The document provides details about Exide Life's Golden Years Retirement Plan, a traditional pension plan that helps build a retirement corpus that grows over time to ensure one enjoys their golden years. It also summarizes the key features and benefits of the plan, including capital guarantee, loyalty benefits, flexibility, tax benefits, and a life cover.
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This document summarizes a non-linked, participating life insurance plan called Sanchay Par Advantage that provides lifelong coverage and regular income. The plan offers two options - Immediate Income which provides cash bonuses annually and a lump sum payout at maturity, or Deferred Income which provides guaranteed income for a set period and cash bonuses. Premiums can be paid flexibly. The plan pays cash bonuses annually, guaranteed income under Deferred Income, and a maturity benefit including bonuses and sum assured. It also pays a death benefit including bonuses and sum assured.
This document summarizes LIC's New Endowment Plan, a participating non-linked savings plan. It offers a death benefit to support the family if the policyholder passes away before maturity. At maturity, the surviving policyholder receives the sum assured plus bonuses. The plan also provides liquidity through policy loans and a surrender benefit. Additional benefits include an optional accidental death rider and premium waivers in case of accidental disability. Eligibility, premium rates, bonuses and claims settlement are also outlined.
Aadhaar shila PLAN NO 844 GHASIRAM KHARSEL LIC OF INDIA SAMABALPUR 9178953436Ghasiram Kharsel
This document provides details on LIC's Aadhaar Shila plan, a non-linked, with-profits endowment assurance plan exclusively for female lives. It offers death and maturity benefits. On death during the first 5 years, the sum assured on death is payable, and after 5 years the sum assured on death plus loyalty additions are payable. On maturity, the sum assured plus loyalty additions are paid. An optional accident benefit rider is also available. The document outlines eligibility conditions, premium payment options, commissions, loans, and surrender terms.
Nischit ayush for best return on investemntsumit466232
This document describes the Aditya Birla Sun Life Insurance Nishchit Aayush Plan, a non-linked, non-participating individual savings life insurance plan that provides life insurance coverage along with guaranteed regular income and lump sum benefits. The plan offers flexibility to choose between long term or whole life income options, income variants including level or increasing income, premium payment terms, policy terms, and deferment periods. It provides guaranteed survival benefits in the form of income payments throughout the policy term and a lump sum maturity benefit. Additional riders can be added for enhanced risk coverage.
Similar to IDBI Federal Incomsurance 7 Pay Brochure (20)
1. Sealed with guaranteed income
A money back insurance plan
to provide guaranteed* annual income
G
UARANTEED INCOME
I
NCOME GUARANTEE
D
IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 Pay
*Conditions apply
.
2. Invest and enjoy these benefits:
Pay premiums only for the first
7 years of the policy and get life
cover for 14 years
Annual payouts ranging from
126.66% to 143.23% of your
premium, paid from the 8th
policy year onwards
Enjoy guaranteed annual
payouts irrespective of market
conditions
Get comfort with protection
offered by Critical Illness Benefit
Get tax benefits of Sec 80C and
Sec 10(10D)
7
1
3. Presenting IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 pay.
We don’t know what lies in our future. And therefore when we invest, we seek a
guarantee. IDBI Federal Incomesurance Guaranteed Money Back Insurance Plan 7 pay
(hereinafter referred as Incomesurance 7 pay) is a plan that enables you to stop being
concerned of the future and rest assured, since the plan gives you payouts annually.
And yes, it’s guaranteed!
Introduction
2
4. Key Benefits of Incomesurance 7 pay
7
Pay premiums only for
the first 7 years of the
policy and get life cover
for 14 years
With Incomesurance 7 pay you pay premiums for the short
duration of 7 years only and rest assured about your family’s
financial security with a life cover that remains in force for the
complete policy term of 14 years.
Enjoy guaranteed annual
payouts irrespective of
market conditions
The benefits of this plan are guaranteed and will be paid out to
you irrespective of market volatility.
Annual payouts ranging from
126.66% to 143.23% of your
premium, paid from the
8th policy year onwards
You start receiving guaranteed annual payouts starting from
the end of the 8th policy year up to the end of 14th policy year.
These payouts are expressed as a percentage of your annualized
premium (excluding service tax and extra premium) and depend
on the premium amount you pay and on your age at policy
commencement. The GAP amounts we guarantee are detailed
under survival benefits.
Take comfort in the protection
offered by the Critical
illness benefit
A key feature of the Incomesurance 7 pay plan is its Critical illness
benefit. In an age of growing health concerns and uncertainties,
this benefit offers you a financial cushion against a pre-defined
list of serious health related conditions. In the unfortunate scenario
of the life insured being diagnosed with a critical illness:
• A lump sum amount of the guaranteed annual pay outs
proportionate to the premiums paid, is immediately paid out to
help in treatment and other expenses;
• Plus the life cover continues till the end of the policy term
Please refer ‘How Incomesurance 7 pay Works’ section for
complete details.
Get tax benefits of 80C
and 10(10D)
Incomesurance 7 pay also helps you avert taxes eating into
your hard-earned money. It gives you tax benefits on premiums
paid and benefits received under section 80C and 10(10D)
respectively.
Please note that tax laws may change from time to time. We
urge you to consult your tax advisor for more information.
3
5. Eligibility
Age at entry
(as on last birthday)
Min
Max
Min
Max
10 years$
50 years
24 years
64 years
Age at maturity
(as on last birthday
Premium
Min
Max
`35,000
`20,00,000
Premium payment term Fixed 7 years
Policy term Fixed 14 years
Premium Payment Frequency Annual
$Policies on lives of minors can be taken only by parents / grand-parents.
4
6. How Incomesurance 7 pay works
Incomesurance 7 pay is a simple plan with guaranteed benefits,
explained below in easy steps:
You choose the amount
that you would want to
invest as premium each
year.
Enjoy the benefits of the
policy
You pay premiums
for the first 7 years of
your policy only.
You get annual payouts on survival of insured till end of each
year starting from the 8th policy year up to the 14th policy
year. The Guaranteed Annual Payouts (GAPs) that you receive
depend on two factors:
The annualized premium (exclusive of service tax and
extra premium) that you pay
Your age at policy commencement
Survival Benefit
5
7. The GAPs are as detailed below
Age at Entry
(Last Birthday)
Premium <
Rs. 1,00,000
Premium ≥
Rs. 2,00,000
Premium ≥
Rs. 1,00,000
& <2,00,000
10 139.26% 142.31% 143.23%
11 139.26% 142.31% 143.23%
12 139.26% 142.31% 143.23%
13 139.26% 142.31% 143.23%
14 139.26% 142.31% 143.23%
15 139.02% 142.31% 143.23%
16 139.02% 142.31% 143.23%
17 139.02% 142.31% 143.00%
18 139.02% 142.31% 143.00%
19 139.02% 142.05% 143.00%
20 138.80% 142.05% 143.00%
21 138.80% 142.05% 143.00%
22 138.80% 142.05% 143.00%
23 138.80% 142.05% 142.75%
24 138.80% 141.83% 142.75%
25 138.56% 141.83% 142.75%
26 138.56% 141.83% 142.75%
27 138.56% 141.83% 142.49%
28 138.31% 141.53% 142.49%
29 138.31% 141.53% 142.49%
30 138.06% 141.28% 142.15%
31 138.06% 141.28% 142.15%
32 137.71% 140.94% 141.81%
33 137.71% 140.94% 141.81%
34 137.25% 140.48% 141.35%
35 136.98% 140.21% 141.08%
Age at Entry
(Last Birthday)
Premium <
Rs. 1,00,000
Premium ≥
Rs. 2,00,000
Premium ≥
Rs. 1,00,000
& <2,00,000
36 136.66% 139.89% 140.77%
37 136.31% 139.54% 140.42%
38 135.91% 139.15% 140.03%
39 135.48% 138.72% 139.60%
40 134.99% 138.24% 139.12%
41 134.46% 137.72% 138.59%
42 133.88% 137.14% 138.01%
43 133.23% 136.50% 137.38%
44 132.52% 135.79% 136.67%
45 131.73% 135.01% 135.90%
46 130.88% 134.17% 135.05%
47 129.95% 133.24% 134.13%
48 128.93% 132.23% 133.12%
49 127.64% 131.15% 132.04%
50 126.66% 129.83% 130.72%
Note:
Survival benefits will be paid as GAP on their respective due
dates and will not be available as a Lump sum.
Illustration:
To help you understand this better, let us take the example of
Mr. Mohit aged 30 years. Mr. Mohit decides to invest
Rs. 1,00,000 per annum in his Incomesurance 7 pay plan.
He invests this amount every year for the first 7 years of his
policy. From the end of the 8th policy year, he starts receiving
his annual guaranteed payout of Rs.1,41,280 every year till the
14th year of his policy.
6
8. There is no Guaranteed Sum Assured payable on maturity.
The last GAP will be made on survival to maturity.
In the unfortunate case of death of the life insured at any time
during the policy term of 14 years, provided the policy is in
force and all premiums have been paid in full as and when due,
the beneficiary would be paid the death sum assured which
would be the highest of:
Death benefit
Maturity benefit
Guaranteed Sum Assured on maturity*
10 times of annualised premium
105% of all premiums paid (including extra premiums and
modal loading)
Basic Sum Assured
(An absolute amount of 10 times premium, including extra
premiums and modal loading)
Sum of all Guaranteed Annual Payouts (GAP)
Survival Benefit or Critical Illness Benefit already paid, if any,
will not be deducted from the Death Sum Assured.
*There is no guaranteed sum assured payable on maturity. The
last GAP payment will be made on survival to maturity.
Pay premiums for the first 7
years of the policy term
Policy Term –14years
Life Cover –14years
Get Guaranteed Annual Payouts (GAP)
for the next 7 years of the policy term
7
9. Critical illness benefit
In case the life insured is diagnosed with a critical illness (from
a list of pre-defined critical illness covered under this benefit),
a lump sum total of the guaranteed annual payouts,
proportional to the premiums received, is paid out immediately
to help with the treatment and other expenses.
During Premium Paying Term:
CI Benefit = GAP x No of premiums paid
After Premium Paying Term:
CI Benefit = (GAP x No of premiums paid) – Sum of GAPs paid
till date of claim (if any)
No further GAPs will be paid under the policy after the critical
illness benefit is paid out. However the life cover continues till
the end of the policy term. No further survival benefits are
payable.
There is a survival period of 30 days from diagnosis for
claiming Critical Illness benefit. If policyholder dies during the
survival period, critical illness benefit shall not be paid and only
death benefit shall be paid.
*The CI benefit payout illustrated above is for an individual aged 30 year and premium of Rs. 1,00,000. Payout as
a percent of Annual Premium (exclusive of service tax and extra premium) depends on the premium amount and
on the age of the person to be insured at policy commencement.
In case Critical Illness is diagnosed in the 3rd policy year
(141.28% * Annual Premium)
* 3 paid as lump sum
Life cover continues till end
of policy term. Future
premiums are not payable
After payout of CI benefit no
further Survival benefits are paid
Premium payment Term – 7 years
Policy Term – 14 years
Life Cover – 14 years
8
10. For further details on critical illnesses, please refer to ‘Critical
Illness Definitions and Exclusions’ under the Other Features
section.
The Critical Illnesses covered under this product are :
Cancer Of Specified Severity
Open Chest CABG (Coronary Artery Bypass Graft)
First Heart Attack - Of Specified Severity
Stroke Resulting In Permanent Symptoms
Kidney Failure Requiring Regular Dialysis
Major Organ /Bone Marrow Transplant
Multiple Sclerosis With Persisting Symptoms
Coma Of Specified Severity
Permanent Paralysis Of Limbs
9
11. Other Features
Surrendering the policy
Special Surrender Value (SSV): The Company, at its discretion,
may also pay a Special Surrender Value which may be higher
than the Guaranteed Surrender Value. The SSV is not
guaranteed and may be changed at any time, subject to the
prior approval of the IRDA.
The policy terminates on surrender and no further benefits are
payable under the policy.
There is no surrender value applicable on a policy once a
critical illness claim is paid.
Incomesurance 7 pay is your investment commitment towards
realising your dreams and securing your family financially. But
in emergency situations, you can opt to surrender your policy
before the end of the policy term.
You can surrender your policy at any time after payment of 2
full years’ premiums. The surrender value of the policy is higher
of Guaranteed Surrender Value (GSV) and Special Surrender
Value (SSV).
Guaranteed Surrender Value (GSV)
GSV = (Total Premium paid^ till date of surrender x GSV
Factor) – Sum of GAPs paid till date of surrender. The GSV will
always be non negative.
^including extra premium but excluding service tax.
Grace period
Your Incomesurance 7 pay plan offers you a grace period of 30
days from the date of the first unpaid premium. During the
grace period your policy remains in force and benefits are
payable. In case of death of the life insured during the grace
period, before the premium due is paid, the same shall be
deducted from the death benefit payable.
If the premium due is not paid within the grace period, the
policy shall lapse and have no further value, except if it has
acquired any paid-up value.GSV factors are tabulated below for reference:
Policy Year GSV factor
1 -
2 30%
3 30%
4 50%
5 50%
6 50%
7 50%
Policy Year GSV factor
8 52%
9 54%
10 57%
11 62%
12 68%
13 74%
14 80%
10
12. Other Features (contd...)
Paid-up value
(Non forfeiture)
Lapse
Your policy is eligible to acquire a paid-up value only after 2
full years’ annual premiums have been paid. Thereafter, if you
fail to pay any due premium within the grace period, your
policy will assume paid-up value with reduced benefits:
Reduced GAP - (GAP) * (Number of premiums paid/Total
number of premiums payable)
The reduced GAP will be paid out from end of 8th year to end
of 14th year of the policy.
Reduced Death Sum Assured - [(Death sum assured) * (Number
of premiums paid/Total number of premiums payable)
In case of death of the life assured during the policy term, the
reduced Death sum assured will be paid out to the beneficiary.
CI Benefit = (Guaranteed annual payout x No of premiums
paid) – Sum of GAPs paid (if any)
In case of a critical illness claim by the life assured during the
policy term, the critical illness benefit will be paid out to the
beneficiary.
During the first 2 policy years, if you fail to pay any due
premium before end of the grace period, your policy will lapse
and no benefits will be payable.
Revival
A policy which has lapsed or acquired paid-up value can be
revived subject to:
You make an application for revival within 2 years from
the due date of the first unpaid premium.
You furnish satisfactory evidence of health and satisfy
other requirements according to our board approved
underwriting policies at that time.
You will be charged interest for the arrears in premium.
Interest rate shall be set as 3% + yield on 10 year
Government security. Based on this, the interest rate shall
be set every 6 months.
If your policy has acquired a paid-up value then the
application for revival must be made before the due date
of the first guaranteed annual payout.
When a policy is revived after payment of all due premiums
complete with interest, the policy is entitled to receive all
benefits and the guaranteed annual payouts will be reinstated
as per schedule.
If you have not revived a lapsed policy, and if the policy has
not acquired a paid up value, the premiums already received by
us are forfeited and the policy cannot be revived thereafter.
11
13. Loans
You can avail a loan on your Incomesurance 7 pay policy only
after the policy acquires a surrender value. The loan you can
avail will be from a minimum of Rs.5,000 and limited to 85%
of the guaranteed surrender value at the time of application,
subject to terms and conditions specified by IDBI Federal from
time to time.
Exclusion
If the life insured, whether sane or insane, commits suicide
within 12 months from the date of commencement of the
policy or from the date of policy issue whichever is later, 80%
of the premiums paid^ will be given as the death benefit. In
case of suicide within one year of revival of the plan, the
benefit payable will be 80% of premiums paid till death or
Surrender value as available on the date of death, whichever is
higher.
^exclusive of service tax and levies
Please refer to Critical illness section for exclusions applicable
for critical illnesses
Nomination
Nomination will be allowed as per provisions of section 39 of
Insurance Act, 1938 as amended from time to time.
Free look period
You are entitled to a free look period of 15 days from the date
of receipt of your policy. In case you do not wish to continue
this policy you may place a request in writing to cancel the
policy within the free look period. We will refund the premium
paid by you after deducting proportionate premium for the
cover provided during that time. We will also deduct any
medical examination costs and stamp duty charges incurred by
us in respect of the policy.
For the policies solicited through distance marketing mode,
freelook period of 30 days from the date of receipt of your
policy document, is applicable. Distance marketing includes
every activity of solicitation (including lead generation) sale of
insurance products through the following modes:
Voice mode, which includes telephone-calling
Short Messaging Service (SMS)
Electronic mode which includes e-mail, internet and
interactive television (DTH)
Physical mode which includes direct postal mail,
newspaper and magazine inserts
Solicitation through any means of communication other
than in person
Other Features (contd...)
12
14. Assignment
Assignment and transfer of insurance policies will be allowed
as per provisions of section 38 of Insurance Act, 1938 as
amended from time to time.
For further information on Section 38 and 39 of the Insurance
Act, 1938 you may contact your intermediary, or refer our
website or refer The Insurance Laws (Amendment) Act, 2015
or as amended from time to time for the relevant sections.
Service tax and
stamp duty
TAX
Service tax and other levies, as applicable, will be levied as per
the extant laws.
Other Features (contd...)
13
15. Cancer Of Specified
Severity
Open Chest CABG
(Coronary Artery Bypass Graft)
Critical Illnesses Definitions & Exclusions
First Heart Attack -
Of Specified Severity
A malignant tumor characterized by the uncontrolled growth
& spread of malignant cells with invasion & destruction of
normal tissues. This diagnosis must be supported by
histological evidence of malignancy & confirmed by a
pathologist. The term cancer includes leukemia, lymphoma
and sarcoma.
The following are excluded:
Tumors showing the malignant changes of carcinoma in
situ & tumor which are histologically described as
premalignant or non invasive, including but not limited
to: Carcinoma in situ of breasts, cervical dysplasia CIN-1,
CIN -2 & CIN-3
Any skin cancer other than invasive malignant melanoma
All tumors of the prostate unless histologically classified
as having a Gleason score greater than 6 or having
progressed to at least clinical TNM classification T2N0M0
Papillary micro - carcinoma of the thyroid less than 1 cm
in diameter
Chronic lymphocytic leukaemia less than RAI stage 3
Micro - carcinoma of the bladder
All tumors in the presence of HIV infection.
The first occurrence of myocardial infarction which means the
death of a portion of the heart muscle as a result of
inadequate blood supply to the relevant area.
The diagnosis for this will be evidenced by all of the following
criteria:
A history of typical clinical symptoms consistent with the
diagnosis of Acute Myocardial Infarction (for e.g. typical
chest pain).
New characteristic electrocardiogram changes.
Elevation of infarction specific enzymes, Troponins or
other specific biochemical markers.
The actual undergoing of open chest surgery for the
correction of one or more coronary arteries, which is/are
narrowed or blocked, by coronary artery bypass graft (CABG).
The diagnosis must be supported by a coronary angiography
and the realization of surgery has to be confirmed by a
specialist medical practitioner.
The following are excluded:
Angioplasty and/or any other intra-arterial procedures.
Any key-hole or laser surgery.
14
16. Critical Illnesses Definitions & Exclusions (contd...)
Stroke Resulting In
Permanent Symptoms
Any cerebrovascular incident producing permanent
neurological sequela. This includes infarction of brain tissue,
thrombosis in an intracranial vessel, haemorrhage and
embolisation from an extracranial source. Diagnosis has to be
confirmed by a specialist medical practitioner and evidenced by
typical clinical symptoms as well as typical findings in CT Scan
or MRI of the brain. Evidence of permanent neurological deficit
lasting for at least 3 months has to be produced.
The following are excluded:
Transient ischemic attacks (TIA)
Traumatic injury of the brain
Vascular disease affecting only the eye or optic nerve or
vestibular functions.
Kidney Failure Requiring
Regular Dialysis
End stage renal disease presenting as chronic irreversible failure
of both kidneys to function, as a result of which either regular
renal dialysis (hemodialysis or peritoneal dialysis) is instituted or
Major Organ /
Bone Marrow Transplant
The actual undergoing of a transplant of:
One of the following human organs: heart, lung, liver,
kidney, pancreas, that resulted from irreversible
end-stage failure of the relevant organ, or
Human bone marrow using haematopoietic stem cells.
The undergoing of a transplant has to be confirmed by a
specialist medical practitioner.
The following are excluded:
Other stem-cell transplants.
Where only islets of langerhans are transplanted
Multiple Sclerosis
With Persisting Symptoms
The definite occurrence of multiple sclerosis.
The diagnosis must be supported by all of the following:
Investigations including typical MRI and CSF findings,
which unequivocally confirm the diagnosis to
be multiple sclerosis;
There must be current clinical impairment of motor or
sensory function, which must have persisted for
a continuous period of at least 6 months, and well
The following are excluded:
Non-ST-segment elevation myocardial infarction (NSTEMI)
with elevation of Troponin I or T.
Other acute Coronary Syndromes.
` Any type of angina pectoris.
renal transplantation is carried out. Diagnosis has to be
confirmed by a specialist medical practitioner.
15
17. documented clinical history of exacerbations and
remissions of said symptoms or neurological deficits with
atleast two clinically documented episodes atleast one
month apart.
The following are excluded:
Other causes of neurological damage such as SLE and HIV
are excluded.
Critical Illnesses Definitions & Exclusions (contd...)
Permanent Paralysis
Of Limbs
Total and irreversible loss of use of two or more limbs as a
result of injury or disease of the brain or spinal cord.
A specialist medical practitioner must be of the opinion that
the paralysis will be permanent with no hope of recovery and
must be present for more than 3 months.
Coma Of Specified
Severity
A state of unconsciousness with no reaction or response to
external stimuli or internal needs.
This diagnosis must be supported by evidence of all of the
following:
No response to external stimuli continuously for at least
96 hours;
Life support measures are necessary to sustain life; and
Permanent neurological deficit which must be assessed at
least 30 days after the onset of the coma.
The condition has to be confirmed by a specialist medical
practitioner.
The following are excluded:
Coma resulting directly from alcohol or drug abuse is
excluded.
16
18. Exclusions
The benefit will not be payable for any covered critical illnesses
under following circumstances:
If the insured dies within 30 days of the diagnosis of the
covered CI.
For any medical condition or medical procedure resulting
directly or indirectly from self-inflicted injuries,
attempted suicide, while sane or insane;
For any medical conditions suffered by the life assured or
any medical procedure undergone by the life assured if
that medical condition or that medical procedure was
caused directly or indirectly by Acquired
Immunodeficiency Syndrome (AIDS), AIDS related
complex or infection by Human Immunodeficiency Virus
(HIV);
For any medical conditions suffered by the life assured or
any medical procedure undergone by the life assured, if
that medical condition or that medical procedure was
caused directly or indirectly by any congenital anomaly or
defect;
For any medical conditions suffered by the life assured or
any medical procedure undergone by the life assured, if
that medical condition or that medical procedure was
caused directly or indirectly by alcohol or drug abuse.
Engaging in or taking part in *hazardous activities,
including but not limited to, diving or riding or any
kind of race; martial arts; hunting; mountaineering;
parachuting; bungee-jumping; underwater activities
involving the use of breathing apparatus or not;
*Hazardous Activities mean any sport or pursuit or
hobby, which is potentially dangerous to the Insured
Member whether he is trained or not.
Participation by the insured person in a criminal or
unlawful act with criminal intent.
For any medical condition or any medical procedure
arising from nuclear contamination; the radioactive,
explosive or hazardous nature of nuclear fuel materials or
property contaminated by nuclear fuel materials or
accident arising from such nature.
For any medical condition or any medical procedure
arising either as a result of war, invasion, act of foreign
enemy, hostilities (whether war be declared or not),
armed or unarmed truce, civil war, mutiny, rebellion,
revolution, insurrection, military or usurped power, riot or
civil commotion, strikes or participation in any naval,
military or air force operation during peace time.
For any medical condition or any medical procedure
arising from participation by the insured person in any
flying activity, except as a bona fide, fare-paying
passenger and aviation industry employee like pilot or
cabin crew of a recognized airline on regular routes and
on a scheduled timetable.
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19. Policies issued under Married Women’s
Property Act
Under Section 6 of the Married Women’s Property Act, 1874
a married man can take an insurance policy on his own life and
express it to be for the benefit of his wife or children. When
such intent is expressed on the face of the policy, it shall be
deemed to be a trust for the benefit of the named beneficiaries
(your wife or children) and it shall not be subject to the control
of the husband, or his creditors or form part of his estate. The
Act also provides that nothing contained in the provision shall
operate to destroy or impede the right of any creditor to be
paid out of the proceeds of any policy of assurance which may
have been affected with intent to defraud creditors. You can
ask for an endorsement of your Incomesurance™ Plan for the
benefit of your wife or children or any combination of them
under the Married Women’s Property Act, 1874. Once
endorsed, the policy will be exclusively for the benefit of the
named beneficiaries.
Vesting rights under a child policy
Where minor lives are covered, risk commences on the policy
commencement date. Further, on attainment of hisher
majority, the policy vests in the name of the insured person.
In the event of the death of the policy owner of a “child
policy”, the legal guardian of the child shall act as the policy
owner until the child becomes a major. In such case the legal
guardian shall then have the following options
Continue to hold the policy, or
Surrender the policy, provided the lock in period of 5
years has been completed.
Assignment will not be permitted in “child policies” during the
time that the life insured is a minor.
Other Terms Explained
Independent Medical practitioner:
An independent Medical practitioner is a person who
holds a valid registration from the medical council of any
state of India and is thereby entitled to practice medicine
within its jurisdiction; and is acting within the scope and
jurisdiction of his license.
Pre-existing disease:
Any condition, ailment or injury or related condition(s) for
which policyholder had signs or symptoms, and / or were
diagnosed, and / or received medical advice / treatment
within 48 months to prior to the policy issued or Revived
by the insurer. No claim shall be repudiated after 4 years
from the policy inception or Revival on account of
pre-existing diseases disclosed or discovered through
medical examination at underwriting/revival.
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20. Statutory information
Prohibition of rebate
The Insurance Act, 1938, prohibits an agent or any other
person from passing any portion of his commission to the
customer whether as incentive or rebate of the premium.
Section 41 of the Act states:
(1) No person shall allow or offer to allow, either directly or
indirectly, as an inducement to any person to take out or
renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or
part of the commission payable or any rebate of the premium
shown on the Policy, nor shall any person taking out or
renewing or continuing a policy, accept any rebate, except
such rebate as may be allowed in accordance with the
published prospectuses or tables of the Insurer. (2) Any person
making default in complying with the provisions of this Section
shall be liable for a penalty which may extend to ten lakh
rupees.
Policy document
This brochure gives only the salient features of the IDBI Federal
Incomesurance Guaranteed Money Back Insurance Plan 7 pay.
It uses easy-to-understand language to explain the features.
Your plan is governed only by the full legal terms, conditions
and exclusions as contained in the policy document.
IDBI Federal Incomesurance Guaranteed Money Back Insurance
Plan 7 Pay is non-linked, non-participating money back plan
and no benefits other than those indicated in this brochure are
payable. This product does not participate in the profits of the
Company.
Substandard lives will be charged extra premium.
This product is underwritten by IDBI Federal Life Insurance
Company Limited (IRDAI Regn. No 135; Corporate Identity
Number (CIN) – U66010MH2007PLC167164) having its
registered office at: 1st floor, Tradeview, Oasis Complex,
Kamala City, P. B. Marg, Lower Parel (West), Mumbai –
400013. Product UIN 135N042V01. www.idbifederal.com.
Trade Logo displayed above belongs to IDBI Bank Limited, The
Federal Bank Limited and Ageas International Insurance N. V.
and used by IDBI Federal Life Insurance Company Limited
under license from respective partners. Tax Benefits are as per
the Income Tax Act, 1961 and are subject to changes in the tax
from time to time.
Ref. No.: 13193/IGMBI7P/ENG/Print-PB/Nov15
TM - IDBI Federal Life Insurance Co Ltd has applied for the
registration of Incomesurance as trademark with the
Trademark Registry.
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21. How to contact us
Branches
Visit or call any branch of IDBI Bank,
Federal Bank, or IDBI Federal Life Insurance
Co Ltd. For the list of branches,
please visit www.idbifederal.com
SMS
Phone
Call our nation-wide toll-free number
1800 209 0502 at any time from
Monday to Saturday between 8 am to 8 pm
Write
Write to Customer Service Desk,
IDBI Federal Life Insurance Co Ltd.,
1st
Floor, Trade View, Kamala City,
P. B. Marg, Lower Parel (W),
Mumbai 400 013
SMS ‘INCOME’ to 5757515.
We will call you back.
+ SMS charges upto Rs. 3/- apply.
Website
Visit our website www.idbifederal.com
Email
Email us at support@idbifederal.com
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