A single premium with 12 years fixed maturity term, Loyalty Addition (with profit) based and non-linked (not share market dependent) life insurance plan.
At the Buyonlinelic Insurance Agency, we believe in helping you make the right decision based on your lifestyle and needs.
By law, all vehicles in operation in the state of India are required to be insured or bonded.
- Details On completion of 12 years term, maturity will be Sum Assured + Loyalty Addition (LA) and in case of death during the policy term, 10 times single premium (excluding rider premium and GST) + Loyalty Addition (LA) (if any) will be death claim amount.
- Death Benifit: On death during First Five Years of the policy: If Death happens before 8 years of Age, then death claim amount will be single premium (excluding Rider premium and GST) without any interest.If Death happens after 8 years of age, then death claim amount will be 10 times of single premium paid (excluding Rider premium and GST). On death after 5 years of the policy and before maturity:Death Claim amount will be 10 times of single premium paid (excluding Rider premium and GST) + Loyalty Addition.
- Maturity Benefits:– On survival of policy holder i.e. completion of 12 year term, maturity will be Sum Assured + Loyalty Addition.