Product Information
Wealth Plans
Wealth Pro
Synopsis:
A Non-Participating Unit Linked Endowment Insurance plan that helps grow your money into wealth so that your dreams and aspirations never fall short of resources. With this plan you have the power to choose the duration of your investments as well as the premium payment term.
Features:
- Pay premiums once or for a limited period and get Insurance protection throughout policy term
- Regular Loyalty Additions are credited to the policy to boost your investments
- Flexibility to choose from 11 Fund options for enhanced investment opportunities
- Option to customize your plan with three additional unit deducting riders
- Choice of Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy
- Top-up facility to further augment your portfolio
- Flexibility of Partial Withdrawals after five policy years to meet your financial needs
- Settlement option is provided on Maturity thus enabling you to receive the maturity amount either in lump sum or in installments over a period of time
- Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961
Eligibility:
|
Minimum Issue Age |
0 years (30 days) |
|
Maximum Issue Age |
60 years |
|
Minimum Maturity Age |
18 years |
|
Maximum Maturity Age |
75 years |
|
Policy Term |
15 to 40 years |
|
Premium Paying Term |
Single Pay Limited Pay – 5 /7 and10 years Regular /Limited Pay – 15 and 20 years |
|
Pay Mode |
Single, Annual, Semi-Annual, Quarterly, Monthly |
|
Minimum Premium |
Single Pay – Rs. 5,00,000 Regular/Limited Pay – Rs. 2,50,000 per annum |
|
Maximum Premium |
No Limit |