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1. Non-Linked Plan

   • This plan is not connected to the Share Market. So your returns are not effected with market fluctuations. 

2. Non-Participating Plan

   • Policyholders do not receive bonuses or a share in the profits of the insurance company.

   • Only the Guaranteed benefits mentioned in the policy are paid.

3. Individual Plan

   • This policy is for individual investors/customers, not for groups or corporate entities.

4. Limited Premium Payment Term (LPPT)

   • You need to pay premiums (e.g., 6, 8, 12), but the policy coverage continues for a longer duration.

5. Endowment Plan

   • A combination of life insurance+saving.

   • Provides a lump sump maturity or in case of the policyholder’s death sum assured+accrued guaranteed additions .

6. Life Cover

   • Offers a death benefit to the nominee if the policyholder dies during the policy term.

   • Ensures financial protection for the family.

7. Guaranteed Additions Every Year

   • A fixed amount is added to the policy every year, which is guaranteed and not dependent on market or company performance. It depends on the term and PPT of your policy. GA's are 8.5% or 9.5% of tabular annual premium each year.

   • These additions increase maturity or death benefit amount.

8. Maturity Benefit

   • If the policyholder survives the policy term, they receive:

     • Sum Assured on Maturity

     • Guaranteed Additions.

9. Death Benefit

   • In case of policyholder’s death during the term, the nominee receives:

     • Sum Assured on Death

     • Accumulated Guaranteed Additions.

10. Tax Benefits (As per prevailing laws)

• Premiums paid and benefits received may be eligible for tax deductions/exemptions under sections like 80C and 10(10D) of the Income Tax Act.