Wednesday, August 10, 2011

Wednesday, 10 August 2011 Current Tax Benefits

* Death Benefit: Equal to Sum Assured of the policy
    * Current Tax Benefits: This insurance plan may entitle you certain tax benefits on your premiums as well as on the benefits received under this policy U/s 80 C of the Income Tax act 1961 on the annual premium of your policy.
  "key benefits"

    * Comprehensive cover at nominal costs
    * Lower rates for non smokers & healthier lives
    * Increase your cover to reduce your premium
    * Cover continues even if you stop paying premium
    * Riders to protect your family from Death, Disease and Disability


Sample Premium* rates for Rs. 50 Lac Sum Assured (Annual mode)
Age  Preferred Non Smoker  Non Smoker  Smoker
30  7,250  8,050  9,100
35  9,700  11,000  12,800
40  13,950  16,350  19,450
45  20,650  24,900  30,250

Dread Disease Rider  Personal Accident Benefit Rider
Entry Age  20 - 50 years
Expiry Age  60 years
Minimum Sum Assured  Rs. 100,000 (depending upon Term)
Maximum Sum Assured  Rs. 10,00,000

Customer can opt for either both of the riders or any one of them.
Entry Age  20 - 55 years
Expiry Age  60 years
Minimum Sum Assured  Rs. 100,000
Maximum Sum Assured  Base policy sum assured (subject to a limit of Rs. 40 lacs)