IME Surakchya/Surakshya Maydhi Term Assurance Plan
This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Non-participating term assurance that pays full sum assured on death during the term. Available in yearly or single premium mode. Optional riders include funeral expense, accidental death, total & partial permanent disability.
What's included
Key highlights
- Term plan — non-participating
- Full sum assured paid on death
- Optional accidental & funeral riders
Features
- Term (non-participating) assurance
- Premium modes: yearly or single
- Death benefit: full sum assured
- Optional riders: funeral expense, accidental death, TPD, partial permanent disability
Terms and conditions
- 1. Death Benefits:
- a) On Death of the Policy holder during the policy term, Full Sum Assured will be paid to the nominee/beneficiary.
- b) The policy will terminate on such payment.
- 2. Maturity Benefit: Not Applicable.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the full sum assured. There is no savings element, so nothing else accrues.
Typical for term plans — confirm the exact terms in the brochure.
If the policy runs to maturity
There is no maturity payout. The premium buys cover for the term, not savings.
Typical for term plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for term plans — confirm the exact terms in the brochure.
Optional riders
Funeral Expense Benefit
Optional funeral expense rider
Accidental Death Benefit
Optional accidental death rider
Accidental Total Permanent Disability Benefit
Optional accidental PTD rider
Accidental Partial Permanent Disability Benefit
Optional PPD rider
Loan & liquidity
- Policy loan
- Not available
Questions about this plan
What kind of plan is IME Surakchya/Surakshya Maydhi Term Assurance Plan?
IME Surakchya/Surakshya Maydhi Term Assurance Plan from IME Life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy IME Surakchya/Surakshya Maydhi Term Assurance Plan?
The entry age for IME Surakchya/Surakshya Maydhi Term Assurance Plan is 18 – 75 years.
How long does IME Surakchya/Surakshya Maydhi Term Assurance Plan run?
The policy term for IME Surakchya/Surakshya Maydhi Term Assurance Plan is Min 1 year - Max 30 years.
How much cover can I take on IME Surakchya/Surakshya Maydhi Term Assurance Plan?
The sum assured available on IME Surakchya/Surakshya Maydhi Term Assurance Plan is Rs 5,000 – Rs 25,00,000.
Which riders can be added to IME Surakchya/Surakshya Maydhi Term Assurance Plan?
IME Surakchya/Surakshya Maydhi Term Assurance Plan can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request