This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. A non-participating single premium one-year term assurance plan that pays a pre-decided sum assured on death during the policy period. No maturity benefit.
What's included
Key highlights
- एक वर्षे बीमा
- सिंगल प्रिमियम
- मिनिमम समअश्योर रु. २५०,०००
- मृत्युमा मात्र लाभ
Features
- एक वर्षे बीमा
- एक पटक प्रिमियम तिर्ने
- मृत्यु अवस्थामा पूर्वनिर्धारित बीमाङ्क प्रदान
- परिपक्वता लाभ/मनी-ब्याक छैन
Terms and conditions
- Maximum Sum Assured: No limit, subject to medical and financial underwriting.
- Sum Assured: More than 20 lakhs requires other conventional policies
- In the event of unfortunate death of the life assured during the policy term, the Sum assured will be paid to the nominee / beneficiary.
- The policy will terminate on payment of the death benefit and nothing will be payable thereafter.
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.
Optional riders
No optional riders are attached to this plan.
Premium
Quote on request