This one is a Unit Linked insurance plan that has been made for those people who are looking forward to invest their money on various sectors. This plan allows an individual to choose their investment strategy and also to offer insurance cover to their family members. This is one such insurance plan that offers the opportunity to the investor to make the most out of the good market returns.
Some of the key features of this policy are as follows:
- The minimum and the maximum term of this policy are fifteen years and thirty years respectively.
- After the completion of the third year of this policy, there is absolutely no penalty for surrendering the policy. It can be done any time after the completion of third years of the policy.
- Depending on the age profile and the requirements, the insured can make a choice of the amount that he or she wants to be assured.
- The choice premium multiples are also offered to the insured in this policy.
- There is also the option of investment, which can be done with the premiums that hasn’t been deducted for coverage. The investments can be made on Aggressive Growth Fund, Equity Fund, Short Term Fixed Income Fund, etc.
- In this policy, the insured is also able to switch between partial withdrawal and funds.
- This policy also offers Top-ups premiums as well to its policy holder.
Some of the key multiple benefits of this policy are as follows:
- This policy offers financial security to the family members of the insured after his or her death.
- This is one such policy that offers ample flexibility to the insured to make their choice of funds that are based on the risk profile.
- The policy enables the insured to enjoy market-linked returns as well.