Pure Risk Premium Life Insurance Plan
It offers financial protective shield against an untimely death of the life assured during the Policy Term.
A Non-Linked, Non-Participating, Individual, Pure Risk Life Insurance plan
Limited Premium term available
You can pay premiums only for a limited number of years within the policy term.
Advantages
Tension Free Claim Settlement
Death Benefit during Waiting period
Eligibility Criteria:
Sum Assured on Death
Minimum | Maximum | |
Age of Entry | 18 years | 65 years |
Basic Sum Assured | 5 Lakhs | 25 Lakhs |
Policy Term | 5 years | 40 years |
Premium Paying Term (Regular) | Same as Policy term | |
Premium Paying Term (Limited) | 5 years and 10 years | |
Premium Paying Term (SIngle) | Lumpsum | |
Premium Paying Mode | Single, Yearly, Half Yearly, Monthly | |
Sum Assured on Death
- For Regular and Limited Premium Payment.....Highest of
10 times Annualised premium or
105 % of all premiums Paid as on date of death or
100% of Basic Sum Assured
- For Single Premium Payment.....Highest of
125% of Single Premium or
100% of Basic Sum Assured
Death Benefit :
- Waiting Period : 45 days from Date of Commencement of Policy
- Death Benefit (Anytime during Waiting Period)
Natural Death : Refund of Premiums
Accidental Death : Sum Assured on Death will be payable
- Death Benefit (Anytime after Waiting Period)
Sum Assured on Death will be Payable
Maturity Benefit :
On Survival till end of policy term, No Maturity Benefit will be Payable.
