- It is a unit linked assurance plan where premium payment term (PPT) is 5 years and the premium payable in the first year will be 50 % of total premium payable under the policy.
- The level of cover will depend on the level of premium you agree to pay.
- Four types of investment funds are offered.
- Premiums paid after allocation charge will purchase units of the Fund type chosen.
- The Unit Fund is subject to various charges and value of the units may increase or decrease, depending on the Net Asset Value (NAV).
- The plan therefore serves the purpose of insurance-cum-investment.
Payment of Premiums:
- You may pay premiums regularly at yearly, half-yearly, quarterly or monthly (ECS) intervals for 5 years.
- The minimum First year premium will be Rs.20,000/- and you may pay any amount exceeding it.
- From second year onwards each year’s premium will be 25% of the first year premium.
No comments:
Post a Comment