Key highlights
Assured Regular Payouts
Enjoy consistent and guaranteed payouts throughout the policy term, ensuring financial stability and peace of mind.
Dual Benefit of Insurance and Income
Combines life coverage with a steady income, offering comprehensive protection and financial support for your family.
Flexible Premium Payment Options
Choose from multiple premium payment modes such as single, limited, or regular pay to suit your financial preferences.
Tax Benefits
Avail tax deductions on premiums paid under Section 80C and claim tax exemptions on maturity proceeds under Section 10(10D) as per prevailing tax laws.
Additional Riders for Enhanced Protection
Customize your policy with riders like critical illness, accidental death, or disability to cover unforeseen circumstances.
Guaranteed Death Benefit
In case of the policyholder’s demise, the nominee receives a lump sum, ensuring their financial security during difficult times.
Exclusion
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Suicide Clause
If the policyholder commits suicide within the first year, the nominee may not receive the death benefit, except for a refund of premiums as per policy terms.
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Non-Disclosure of Information
Claims arising due to non-disclosure or misrepresentation of facts at the time of policy issuance are not covered.
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Participation in Hazardous Activities
Any loss resulting from adventure sports or risky activities not covered under additional riders is excluded.
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Death due to Criminal Acts
No payout will be made if the policyholder’s death is caused due to involvement in illegal or criminal activities.
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War and Civil Unrest
Damages or death resulting from war, terrorism, or civil unrest are typically excluded from the policy coverage.
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Substance Abuse
Claims arising due to death or disability caused by alcohol or drug abuse are not covered.
Types Of Guaranteed Income Plan
Immediate Annuity Plans
Start receiving income immediately after making a lump-sum payment, suitable for retirees looking for instant income.
Deferred Annuity Plans
Accumulate a corpus over time and receive income after a specified period, ideal for long-term planning.
Life Annuity Plans
Income continues as long as the policyholder is alive, providing lifelong financial security.
Joint Life Annuity Plans
Payouts are made until the last survivor when taken jointly with a spouse, securing both partners’ futures.
Annuity Certain
Fixed payouts for a specific number of years, irrespective of the policyholder’s survival, ensuring income stability.
Guaranteed Period Annuity
Even if the policyholder passes away during the guaranteed period, the nominee continues to receive payouts.
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Why Is It Essential?
Ensures that your loved ones continue to receive a steady income even in your absence, protecting their financial future.
Offers a guaranteed income post-retirement, helping maintain your lifestyle without worrying about finances.
Provides lifelong financial support, allowing you to meet regular expenses comfortably.
Unlike market-linked plans, it offers a guaranteed income, keeping you safe from investment risks.
Ensures that your family continues to receive payouts or a lump sum, preserving your financial legacy.
Offers flexible premium payment options to accommodate different financial capacities, making it accessible for everyone.
