Protection for Life
because Life matters.
Features
Investment allocation
Fund switch
Partial withdrawal
Top-ups
Tax-saving Instrument
Multiple premium payment options
Benefits
- Benefit of life insurance and market linked returns
-
ULIPs not only provide financial security to your family throughout the policy period, but also help you earn market linked returns over long term. A portion of the overall premium is invested in markets while the other is used to provide life insurance cover.
- ULIPs are EEE products
-
ULIPs are considered one of the best tax-saving instruments since they are EEE or Exempt-Exempt-Exempt. This means that you are eligible for tax deductions during the investment and earning stage, as well as during withdrawal. The premiums paid towards ULIPs are allowed for deduction from the taxable income as per prevailing income tax laws.
- Flexibility to invest as per your risk appetite
-
With ULIPs, you have the flexibility to choose fund according to your risk appetite. Most ULIPs come with a range of equity, debt and balanced funds to choose from, along with the opportunity to switch your funds as per your financial needs.
- ULIPs are meant for long-term investment
-
The real benefits of ULIPs are seen after staying invested in it for a long time, say 15-20 years. By staying invested for a longer duration, market fluctuations and charges deducted will be compensated, and a higher portion of the premium will be diverted into investment avenues which will enable you to reap maximum returns.
- Transparency
-
The charge structure, value of an investment and expected rate of returns, for the complete tenure of the policy are shared before you buy a product. It's always a good idea to understand the product you would be investing your hard-earned money into. Similarly, the annual account statement & quarterly investment portfolio along with the daily NAV reporting will ensure that you are aware of the status of your investment portfolio at all times.
- Liquidity when you need it
-
In case of any unforeseen future events, ULIPs also let you do a partial withdrawal; wherein after the first 5 years, you can withdraw funds from your Unit Linked Insurance Plans.
- Disciplined and regular savings
-
ULIPs help you inculcate a regular saving habit, which goes a long way in building a corpus for future needs.
- Tax benefits
-
The premiums paid towards the policy are exempt from tax under section 80C. of income tax Act, 1961.
- Spread of risk
-
With ULIPs, you get the benefit of market-linked growth without actually participating in the stock market, not to mention the added benefit of life-cover.
Riders
- Waiver of Premium Benefit Rider
-
ULIP Premium Waiver Rider If your normal income is disrupted due to an accident or serious illness, a premium waiver rider guarantees that all future premiums are waived and your investment and life protection remain unaffected. If you are unable to earn a living, your loved ones can still achieve their life goals. Detailed in the policy document are the criteria under which this rider can be used to get benefits.
- Accidental Death Benefit Rider
-
Accidental death benefits are provided by this rider in addition to the life insurance coverage provided by the ULIP. In this case, the nominee also receives the death benefits of the standard ULIP plan in addition to the rider sum promised. For example, if your basic ULIP includes a Rs 10 lakh life cover, you may get maximum accidental coverage of the same amount with this rider.
- Accidental Permanent Total/Partial Disability Benefit Rider
-
Depending on the rider terms and circumstances, this rider pays out a lump sum amount if the life guaranteed suffers from a whole or partial disability as a result of an accident. By adding this rider to your ULIP base policy, you and your family won't have to worry about not being able to fulfil your life objectives due to a lack of funds.
- Critical Illness Benefit Rider
-
When you are diagnosed with a serious disease, you will require financial assistance in order to receive the best possible care. You don't want your funds to be depleted as a result of medical bills. Adding a critical illness benefit rider to your ULIP policy lets you receive a lump sum payment if you contract one of the critical diseases covered by the policy, protecting you and your family from the financial consequences of such illnesses. Cancer of various types, a first heart attack of a particular severity, renal failure needing frequent dialysis, organ transplant, severe paralysis, and so on are examples of these disorders.
- Family Income Benefit Rider
-
This rider offers financial assistance in the event of the life assured's death, accidental permanent complete incapacity, or initial diagnosis of any of the policy's listed critical diseases. Under this rider, 1% of the rider sum assured is typically paid monthly for a minimum of 10 years. Your family may continue to accomplish their life objectives without worry with a regular monthly income. Adding a rider to an existing ULIP increases the total value and advantages of the policy. It protects you and your family from a variety of unanticipated catastrophes without requiring you to purchase another insurance policy. You may secure your and your family's life objectives through riding.
© Copyright 2021 Always Assure. All rights reserved.
has been added to the cart.
View Cart
Demos
Choose one of our premium made demos and make it your own!
