- Accidental Death Benefit (ADB): Under this benefit, in the event of your unfortunate death due to accident, your family will receive an amount equal to ADB sum assured that has been specified by you .
- Total and Permanent Disability Benefit (TPD): Under this benefit a lump sum amount equal to the TPD sum assured will be paid in the event of sickness and accident.
- Critical Illness Benefit (CI): This benefit provides you with a lump sum on diagnosis of any 1 of 12 Critical Illness or Surgeries.
- Cancer Care Benefit: In case you are diagnosed with cancer, the policy shall provide you with a lump sum amount.
- Term Life Benefit: In the unfortunate event of your death this entitles your family to the sum assured as opted by you for this benefit
- Cancer and CI cannot be taken together.
Tax Benefits and Age Eligibility
- Premium paid under this policy towards Critical Illness/Cancer Care Benefit are eligible for tax benefits u/s 80D and the rest of the premium paid would be eligible for deduction u/s 80C of the Income Tax Act, 1961 respectively. Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Please consult your tax expert on the same.
- Anyone between ages 18 and 60 can apply for this policy.
|
