FlexiSavePlan

Features
1) ThreePolicyterm
options
2) LimitedPremium
Paymentterms
3) Typeofinvestment
4) FlexiBenefitPeriod

5) NonGuaranteed
Bonus

6) Deathbenefit

Advantages

Benefits

Choose any policy term as per your

convenience. Range of choices for the
customer
ChoosePremiumpaymenttermasperyour
convenience
Participating Endowment plan with flexible
policyterm.
Thepolicycanbesurrenderedanytimeinthe
last10yearsofpolicyterm.

Customer gets the flexibility to

choose as per his financial needs
andcapacity
No long term commitments of
premiumpayment
Policyholdergetsachancetoearn
higherreturnonhisinvestment.
Thisgivesthecustomerstochoose
his policy term even after the
inception stage, also no surrender
chargesareapplicableduringFlexi
BenefitPeriod.
OnMaturityoronDeathincreased
lumpsum amount is received by
the customer including Non
GuaranteedBonus
Lumpsumisreceivedbycustomer
tohelptheminthetimeofcrisis

Non Guaranteed bonus is accrued from the

1st Policy year paid out on Maturity or on
Death,whicheverisearlier.

Higherof:SumAssuredor105%ofPremiums
Paid till date or Multiple of Annual Base
premium
7) MaturityBenefit
Sum Assured + Bonus Accrued + Terminal Providesyouwithaheftylump
Bonus(IfAny)ispaidoutonMaturity
sumforyourplannedneeds
8) Ageatentrytillage
Onecanbuyitevenatolderages,
65years
when most of the insurance
Opentobigcustomerbase
productsarenotavailable.Benefit
isavailableforaslongas80years
ofage
9) Ageatentryfrom0
Open to juvenile ages as well, can
Opentobigcustomerbase
year
begivenasachildplan
10) Reducedpaidup
If two /three(depending on policy term) The policy still remains enforced
Annual Premiums are paid and due to any and the customer receives
reasonpolicylapses,thePolicyautomatically reduced benefits as per the policy
bond
attainsthestatusofReducedPaidup
11) Optionofenhancing Customer can enhance their risk cover by As per the needs of customers
protection
optingforHospitalCashRiderbypayingextra extra health protection can be
purchased
premiums
Tax benefits on premiums paid (up to Onecansavetaxeveryyeartillthe
12) TaxBenefitson
100000) and benefits received under section dateofmaturity
Premiums&
80 C and section 10(10D) of the Income Tax
Benefits
Act,1961