Features & Benefits:

1. A truly affordable life insurance product that offers the insured person high cover at low term insurance premiums.
2. Regular and single premium payment options.
3. Option to convert to any other plan.
4. Death Benefit

Eligibility Criteria:

1. Entry Age – Minimum age limit is 18 years and Maximum age limit is 65 years.
2. Premium Paying Term – Single and Regular
3. Premium Paying Option – Min 5 years, Max 30 years
4. Age at Maturity – Maximum maturity age is 70 years
5. Premium rates for Half-yearly, Quarterly and Monthly modes are 51%, 26% and 8.5% of Annual rates respectively

The policy holder of Kotak Life Insurance are also eligible under tax benefit as per the provisions of section 80C and 10(10D) of the Indian income tax act.

In the event of your unfortunate demise or critical illness during the term of the policy, your nominee will receive the sum assured along with any optional benefits due. It is a pure risk cover plan, where nothing is payable on survival to the end of the  term of the policy. 

HDFC Term Assurance Plan also gives an option of choice of premium paying options between regular premium or single premium.  This plan can be taken on a single life basis or a joint life basis(first claim).

Under this plan, the premium paid is eligible for tax benefit under section 80C and benefit received under this policy is exempt from tax under section 10(10D) of the Income Tax Act,1961. Premium paid for critical illness rider is eligible under section 80D.

To eligible for this plan, the entry level age age is18 years to 60 years, with optional benefit the maximum entry age is 55 years. The maximum age at maturity is 65 years.

The policy pays death benefit of the sum assured to the beneficiary, in case death of the life assured during the term of the policy. The policy doesn’t require any paid up value or surrender value under this policy.

Features-
Offers rebate of 1% on annual premium for yearly mode and none for half yearly mode.
Grace period of 15 days for for a payment of yearly and half yearly mode.

Eligibility Criteria:
The minimum and maximum entry age is 18 years and 55 years respectively. The maximum age at maturity is 65 years. The policy terms ranges from 5 years to 25 years. The minimum sum assured is Rs. 5,00,000/- and maximum is Rs.25,00,000/-. The premium can be paid by yearly, half yearly and single premium.

Benefits-

Death Benefit-
In the event of death of the life assured during the term of the policy, the sum assured is payable to the beneficiary.
Tax Benefit-
Premium paid is eligible for tax benefit under section 80C of the Income tax Act,1961.

Features-

-Special rates to the customer opting for sum assured above Rs.10Lakh and to the Aviva Pension Plus policyholder.
-Option to increase in the sum assured on the special events like marriage and child birth.

Eligibility-
The policy is available for the people age group 18 to 55 years and the maximum age at maturity is 65 years. The policy term ranges from 5 years to 40 years. The minimum sum assured is Rs.5,00,000/- and   minimum premium amount is Rs.2000/-. The premiums can be paid annually, half annually, quarterly and monthly.

The plan offers following eight investment funds to choose from-
New Balanced Fund, New Growth Fund, New Equity Fund, New Energy Fund, New Infrastructure Fund, New Money Market Fund, New Mid-cap Fund and New Pure Equity Fund.

Flexibilities-

1. Flexibility to choose annuity option from Life Annuity, Life Annuity with return of purchase price on death and Life Annuity guaranteed for 5, 10 or 15 years and payable for life thereafter.
2. Flexibility to pay top-ups at any time in the policy. The minimum top up amount is Rs.2,500/-.
3. Flexibility to switch between the funds at any time during the policy term.
4. Flexibility to pay single premium or regular premium

Features-

1. Tax free commutation up to one third of fund value at vesting age.
2. Optional benefits are offered at the nominal extra cost.
3. Policy can be surrender after three policy years. The guaranteed surrender value is payable.
4. Grace period of 30 days and 15 days for monthly mode to pay the premium from the due date.
5. Premium paid are eligible for tax benefit under the Income Tax Act,1961.

Eligibility-

1. Age at Entry-18 to 59 years
2. Age at Vesting- 75 years
3. Policy Term- Minimum 16 years
4. Premium Payment Mode-Annual, Half Annual, Quarterly and Monthly

SBI Life has a unique multi-distribution model encompassing bancassurance, retail agencies, institutional alliances and corporate solution distribution channels. It also has more than 68,000 insurance advisors, offering door to door insurance solution to the customers.

sbi Life offers wide range of insurance products to the customers under the categories of protection, saving, unit linked, money back, pension, child, etc. These insurance products are specially designed accordance to the customers different needs. It also offers range of group products.

Products offered by birla sun life:
Protection Plans-
BSLI term Plan
BSLI Premium Back Term Plan
BSLI High Net Worth Term Plan

Saving Plans-
BSLI Dream Endowment Plan
BSLI Titanium Plus Plan
BSLI Saral Wealth Plan
BSLI Money Back Plus Plan
BSLI Guaranteed Bachat Plan

Children’s Plans-
BSLI Dream Child Plan
BSLI Saral Children’s Plan

Health Plans-
BSLI Health Plan
BSLI Saral Health Plan
BSLI Universal Health Plan

Retirement Plans-
BSLI Freedom 58 Plan
BSLI Dream Retirement Plan
BSLI Secure 58 Plan

Group Plans-
Credit Guard-Mortgage Plan
Single Premium Group term insurance Plan
Group Mortgage Reducing Term
Group Asset Assure Plan
Group Unit Linked Plan
Superannuation Plan

A single premium of Rs.500/- covers the individual and no further premiums are required to pay for the insurance. The entry age is 18 years to 50 years.

Benefits-
Maturity Benefit-
On survival of the life assured to the maturity which is 3 years, a guaranteed maturity benefit of Rs.750/- is payable.

Death Benefit-
In the event of death of the life assured before maturity, the death benefit of Rs.5000/- is payable to the nominee.

Surrender Benefit-
On surrender, the guaranteed surrender value is payable which are Rs.500 for 1st  year, Rs.575/- for 2nd  year and Rs.650/- for 3rd  year.

Tax benefit-
Premium paid towards the insurance is eligible for tax benefit under section 80C and benefit received under the plan is exempt from tax under section 10(10D) of the Income Tax Act,1961.

Features and Benefits-

1. Death Benefit-In case death of the life assured during the term of the policy, the sum assured is payable to the beneficiary.

2. Rider Plans- The following riders available for additional protection at very nominal rates.

-Critical Illness Benefit Rider

-Accidental Death and Disability Benefit Rider

3. Tax Benefit- The premium paid towards the policy is eligible for tax benefit under section 80C and benefit availed under this plan is exempt from tax under section 10(10D) of the Income Tax Act,1961.

Policy Detail-

Features and Benefits:

1. On death-In case of unfortunate death of the life assured during the term of the policy, the outstanding balance is payable to the nominee.

2. Terminal Illness- It pays an accelerated payment of death benefit upon diagnosis of terminal illness.

3. Optional Benefit- The following optional insurance benefits are available-

-Accidental Death and Disablement Benefit

-Accidental Death Benefit

-Hospital Cash Benefit

-Major Disease Benefit

-Waiver of Premium Benefit on Total and Permanent Disablement

4. Tax Benefit- Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

Policy Detail: