When hit you lot actually require a unmarried premium policy?
There are a lot of life insurance agencies that furnish a unmarried insurance policy. Influenza A virus subtype H5N1 lot of us prefer making an investment when nosotros come upward across a large amount of money. This could come upward inward the cast of a yearly bonus, an investment payout, or fifty-fifty a household unit of measurement inheritance. Influenza A virus subtype H5N1 large amount of coin comes equally a practiced investment chance as well as a unmarried insurance excogitation is a practiced road to take. This tin ship away besides live used for availing taxation benefits when you lot file your taxes towards the goal of the financial year. You are entitled to an exemption of upward to Rs.1.5 lakhs.
Also, the principal hit goodness of a unmarried insurance excogitation is that you lot hit non create got to e'er worry close your policy getting lapsed. As a large unmarried amount has been paid equally a premium for the policy, the excogitation volition non require additional payments to live made towards the premium. As this is the case, you lot volition non create got to e'er worry close the policy lapses due to a missed payment apart from other reasons.
Let us forthwith create got a expect at the top v unmarried insurance plans that are offered inward India:
- LIC’s Jeevan Vriddhi: The Jeevan Vriddhi plan offered past times LIC is a premium endowment excogitation that offers jeopardy encompass which is a multiple of the premium that is chosen past times you. This plans offers a position out of benefits alongside Loyalty Addition as well as Guaranteed Maturity Sum beingness the most evident ones.
| Time Period | 10 years |
| Entry Age Minimum-Maximum | 8-50 years |
| Sum Assured (Minimum) | Rs.1,50,000 |
| Sum Assured (Maximum) | Nil |
| Minimum Premium available | Rs.30,000 |
- Aegon Religare iMaximize Single-Premium Insurance Plan: Reap investment benefits past times making a one-time payment for this plan. Aegon Religare iMaximize unmarried insurance plan provides three dissimilar choices of investment funds that assist inward maximizing your funds. There are no allotment charges as well as thus at that topographic point are to a greater extent than funds that are made available for dissimilar investment purposes. You tin ship away pick out to pick upward this investment excogitation when choosing a life insurance policy equally this excogitation doubles equally an insurance policy.
| Time Period | 5 or 10 years | |
| Entry Age Minimum-Maximum | 8-60 years | |
| Maturity Age Minimum-Maximum | 18-65 years | |
| | Entry Age | Term of the Policy |
| Available Policy Term | Equal or earlier 50 years | 10 years |
| | Post 50 years | 5 years |
| | Lesser than 45 years | More than or equal to 45 years |
| Minimum Sum that is assured | 125% of the unmarried premium | 110% of the unmarried premium |
| Minimum Premium | Rs.1,00,000 | |
- ICICI Prudential iAssure Single-Premium Insurance Plan: This is a unmarried premium endowment plan. This excogitation is all close tradition as well as does non create got whatever bonus facilities. This excogitation is similar to the other plans that are mentioned here. You are required to build a one-time lump total payment that would allow the policy to larn out on for the entire tenure of the policy. A Guaranteed Maturity Benefit is provided to the policyholder at the goal of the tenure as well as if the policyholder survives for the tenure of the policy. However, if the policyholder meets alongside an early on as well as unforeseen death, so the nominee of the policyholder volition larn the higher value betwixt Guaranteed Maturity Benefit as well as Sum Assured.
| Duration | 5 or 10 years | |
| | Duration inward years | Age inward years |
| Minimum Age | 5 | 13 |
| | 10 | 8 |
| Maximum entry age | 70 years | |
| Minimum entry age | 18 years | |
| | Duration inward years | Age inward years |
| Age at maturity | 5 | 75 |
| | 10 | 80 |
| Minimum total that is Assured | 125% of unmarried premium | |
| | Age at entry | Sum that is assured |
| Maximum total that is assured | Up to 55 years | 500% |
| | 56-70 years | 125% |
| Minimum Premiums | Rs.20,000 | |
- Max New York SMART Steps Single-Premium Insurance Plan: This is an endowment plan that is aimed at making the lives of children a lot better. It is mainly aimed at planning as well as providing for the financial needs of children.
| Life insured | Parent | |
| Age of the insured | 21-50 years | |
| Age of the child | 91 days-15 years | |
| Maximum Maturity (Life insured) | 60 years | |
| | Minimum | Maximum |
| The term of the policy | 10 years | 25 years |
| | Band 1 | Band 2 |
| Premium Bands | Rs.50,000-Rs.2,99,999 | Rs.3 lakhs as well as above |
| The total that is assured | 5 times the Single Premium | |
| Minimum Premium | Rs.50,000 | |
| Charges for allocation | Depends on the premium build that is chosen | |
- HDFC Life Single Premium Pension Super: This is a ULIP policy that generates corpus over the term of the policy which would hit a post-retirement income.
| Time period | 10 years | |
| Entry Age (Minimum) | 40 years | |
| Entry Age (Maximum) | 75 years | |
| | Minimum | Maximum |
| Maturity Age | 18 years | 65 years |
| Maturity Benefits | 101% of unmarried premium made | |
Keep inward hear that apart from financial stability, a unmarried premium excogitation besides offers taxation benefits as well as is exclusively available inward the kickoff year. You besides ensure that you lot are making usage of whatever lump total of coin that is lying some without only letting it rot inward your piggy bank. The position out of dissimilar unmarried insurance plans offered past times insurance agencies is never lacking. You tin ship away besides view a policy aggregator website like bankbazaar.com to compare as well as cheque dissimilar policies as well as pick out i that matches your needs as well as requirements perfectly.
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