The Whole Life Policy- Single Premium

Whole Life Plans -

Protect your loved ones from any unexpected surpruses in life, any time.

Suitability : Low premium, provides high risk cover & financial security to family.

Other Details :

[a] Bonus decalred is substantially high.

[b] Risk covered throughout the life of Policyholder.

[c] Under Table 5, premium payment ceases after a fixed term.

Maturity Benefit / Death Benefit : On attainment of age 80 or on completion of 40 yrs from the D.O.C of the policy, whichever is later, S.A. + Bonus is payable as if the policy has been matured.

This is the best form of life assurance for family provision since it enables the Life Assured to pay the premium during the ordinarily vigorous and most productive years of life, relieving him from the necessity of making payments later in life when they might become a burden.With Profits Single Premium policies do not cease to participate in profits after completion of the period for which premium has been paid ,but continue to share in the periodical Bonus Distribution until the death of the Life Assured.Suitable For:Being a limited-payment life assurance policy, this plan is suitable for people of all ages and social groups who wish to protect their families from a financial setback that may occur owing to their demise.

Benefits :
Insurance Regulatory & Development Authority (IRDA) requires all life insurance companies operating in India to provide official illustrations to their customers. The illustrations are based on the investment rates of return set by the Life Insurance Council (constituted under Section 64C(a) of the Insurance Act 1938) and is not intended to reflect the actual investment returns achieved or may be achieved in future by Life Insurance Corporation of India (LICI). For the year 2004-05 the two rates of investment return declared by the Life Insurance Council are 6% and 10% per annum.