Plan Features
SIIP 852
Product Summary
SIIP (852) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium for age at entry less than 55 years. For age from 55 years 7 times annual premium is taken as sum assured.
Premium Payment Mode
Regular Premium(Yearly, Half Yearly, Quartery and monthly mode)
Annuity Mode
-
Optional Benefits
-
Term
10 to 25 years
Premium Paying Term
-
Minimum Age at Entry
90 days completed
Maximum Age at Entry
65 years
Annuity Options
-
Minimum Purchase Price
-
Deferment Period
-
Joint Annuity
-
Maximum Cover Ceasing Age
85 years for option 1 and 50 years for option 2
Maturity Age
-
Sum Assured
-
Maturity Benefit
-
Death Benefit
-
Minimum Basic Sum Assured
-
Minimum age at the end of Premium Paying Term
-
Maximum Maturity Age
-
Minimum Premium
-
Maximum Premium
Minimum Basic Sum Assured
-
Sum Assured on Death
-
Minimum Sum Assured
Yearly - 40,000, Half Yearly - 22,000, Quarterly -12,000, Monthly -.4000
Maximum Sum Assured
No limit (Subject to other conditions)
Guaranteed Additions
-
Survival Benefits
-
Riders Available
Accident death benefit
Accidental Death and Disability benefit (ADDB)
Not available
Policy Benefits
On Death
Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value.
On Survival
Unit fund value is paid on policy holder surviving the term of the policy.
On detection of Early Stage Cancer
-
On detection of Major Stage Cancer
-
Settlement Option
-
Multiple Allowed
-
Surrender Value
Fund value available at the date of surrender(if surrendered after the lock in period)
Loan
No loan facility available
Income Tax Benefit
Available only for option 2
Proposal Form
Special proposal form applicable
| Product Summary | SIIP (852) is a Regular Premium, Unit Linked plan which offers insurance cum investment during the term of the policy. Policy holder can decide the fund in which the amount is invested based on his risk apetite.Basic sum assured will be 10 times annual premium for age at entry less than 55 years. For age from 55 years 7 times annual premium is taken as sum assured. |
|---|---|
| Premium Payment Mode | Regular Premium(Yearly, Half Yearly, Quartery and monthly mode) |
| Annuity Mode | - |
| Optional Benefits | - |
| Term | 10 to 25 years |
| Premium Paying Term | - |
| Minimum Age at Entry | 90 days completed |
| Maximum Age at Entry | 65 years |
| Annuity Options | - |
| Minimum Purchase Price | - |
| Deferment Period | - |
| Joint Annuity | - |
| Maximum Cover Ceasing Age | 85 years for option 1 and 50 years for option 2 |
| Maturity Age | - |
| Sum Assured | - |
| Maturity Benefit | - |
| Death Benefit | - |
| Minimum Basic Sum Assured | - |
| Minimum age at the end of Premium Paying Term | - | Maximum Maturity Age | - |
| Minimum Premium | - |
| Maximum Premium | |
| Minimum Basic Sum Assured | - |
| Sum Assured on Death | - |
| Minimum Sum Assured | Yearly - 40,000, Half Yearly - 22,000, Quarterly -12,000, Monthly -.4000 |
| Maximum Sum Assured | No limit (Subject to other conditions) |
| Guaranteed Additions | - |
| Survival Benefits | - |
| Riders Available | Accident death benefit |
| Accidental Death and Disability benefit (ADDB) | Not available |
| On Death | Before commencement of risk: amount equal to fund value. After commencement of risk: Higher of Basic sum assured less partial withdrawals( in previous two years) or unit fund value. |
|---|---|
| On Survival | Unit fund value is paid on policy holder surviving the term of the policy. |
| On detection of Early Stage Cancer | - |
| On detection of Major Stage Cancer | - |
| Settlement Option | - |
| Multiple Allowed | - |
| Surrender Value | Fund value available at the date of surrender(if surrendered after the lock in period) |
| Loan | No loan facility available |
| Income Tax Benefit | Available only for option 2 |
| Proposal Form | Special proposal form applicable |
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