MUMBAI: Life Insurance coverage Company of India has launched a plan ‘Dhan Rekha’ with particular charges for ladies and assured advantages. The advantages embrace a periodic return of the essential sum insured plus your complete sum assured upon maturity. The company has stated that this coverage can be allowed for the third-gender.
The coverage is a non-participating, non-linked particular person financial savings plan, which allows the company to supply assured advantages. Assured additions accrue on the finish of every coverage 12 months ranging from the sixth coverage 12 months to the top of its time period. The life cowl is 125% of primary sum insured for single premium insurance policies whereas for restricted interval premium cost, the quilt is 125% of sum assured or seven instances the annualised premium, whichever is greater.
For single premium loss of life sum assured is 125% of primary sum assured plus assured additions. For restricted cost premium, loss of life sum assured is 125% of primary sum Assured or seven instances of annualised premium, whichever is greater.
There’s a provision to obtain maturity and loss of life profit in installments over 5 years as a substitute of lump sum. The minimal sum assured underneath this plan is Rs 2 lakh and no restrict for optimum sum assured. The minimal age at entry ranges from 90 days to eight years in keeping with chosen coverage time period. The utmost age at entry ranges from 35 years to 55 years.
The coverage is a non-participating, non-linked particular person financial savings plan, which allows the company to supply assured advantages. Assured additions accrue on the finish of every coverage 12 months ranging from the sixth coverage 12 months to the top of its time period. The life cowl is 125% of primary sum insured for single premium insurance policies whereas for restricted interval premium cost, the quilt is 125% of sum assured or seven instances the annualised premium, whichever is greater.
For single premium loss of life sum assured is 125% of primary sum assured plus assured additions. For restricted cost premium, loss of life sum assured is 125% of primary sum Assured or seven instances of annualised premium, whichever is greater.
There’s a provision to obtain maturity and loss of life profit in installments over 5 years as a substitute of lump sum. The minimal sum assured underneath this plan is Rs 2 lakh and no restrict for optimum sum assured. The minimal age at entry ranges from 90 days to eight years in keeping with chosen coverage time period. The utmost age at entry ranges from 35 years to 55 years.
Supply: Times of India