An undying money plant for your ever growing needs.
Life Invest™ Plan is designed keeping in mind that different individuals have different needs, which change over time. We build many dreams and aspirations and long to see they come true. To realize those dreams, your need for protection, investment, and financial liquidity keeps changing at different stages of life. When you reach a certain stage in life, you need your money to grow and see new heights. This plan helps you meet all your investment and insurance needs and gives you an opportunity to invest your money where it grows much faster than your expenses.
This policy will provides you comprehensive protection from 3 Ds i.e. Death, Disease and Disability. Apart from loyalty units and tax benefits, the maturity feature of this policy will also pay you the fund value. Flexible Investment with choice of four attractive fund options, lump sum investment in your plans through top ups as per your cash flow, increasing death benefits, flexibility to choose premium payment terms are few of the benefits you can enjoy through this policy.
The plan provides you additional protection against disability and disease through riders. The following riders are available
-
Personal Accident Benefit (PAB) Rider: This rider provides a lump-sum amount if you die by accident or are involved in an accident, which results in Total and Permanent Disability.
- Dread Disease (DD) Rider: This rider provides a lump-sum amount on you being diagnosed with any of the ten dreaded diseases covered or your undergoing the surgery covered.
You have the flexibility to direct your investments in any one or more of the following four unit linked investment funds of the Company: SECURE, CONSERVATIVE, BALANCED and GROWTH. These funds invest in Fixed Income and equity assets as follows :
|
Select any one or all of the mentioned funds |
| Fund |
Secure Fund |
Conservative Fund |
Balanced Fund |
Growth Fund |
| Investment Type |
| Government Securities |
50-100% |
50 - 80% |
20 - 50% |
0 - 30% |
| Corporate Bonds |
0-50% |
0 - 50% |
20 - 40% |
0 - 30% |
| Money Market Instruments / Cash |
0-20% |
0 - 20% |
0 - 20% |
0 - 20% |
| Equities |
NIL |
0 - 15% |
10 - 40% |
20 - 70% |
| |
Flexibilities |
Switching: We provide you this facility to change the investment pattern by moving from one fund to other fund(s) amongst the funds offered under this contract. Every policy year, we offer you six free switches.
Premium Re-Direction: This is the facility that allows you to modify the allocation of premiums into an investment pattern that is different from the existing pattern. Every policy year we offer you three free redirections.
Partial Withdrawal: If you wish to withdraw a part of your fund, you can make partial withdrawals up to 20% of surrender value in case of level death benefit or 50% of surrender value in case of increasing death benefit in any policy year by cancellation of units from your unit account. Partial withdrawals are allowed only after three policy years.
Surrenders: In case of unforeseen needs ensures easy liquidity to you by accessing your fund through surrender benefit. However, the policy will only have a surrender value after you have paid premiums equivalent to two years ATP. |