IndiaFirst Life Long Guaranteed Income Insurance

Key Benefits of IndiaFirst Life Long Guaranteed Income Insurance

• Maturity Benefit: At the time of maturity, the life insured receives the simple reversionary bonus along with terminal bonus, if any. In case, the payout period is approximately 15 years, then the insured is paid the regular amount which is pre-defined percentage of sum assured.
• Death benefit: If there should be an occurrence of heartbreaking occasion of death of the guaranteed during premium paying term, the candidate of the strategy gets the essential total guaranteed sum alongside the reversionary rewards and terminal reward, assuming any. What's more, the payouts are conveyed for the following 15 years or as referenced in the approach. If there should arise an occurrence of destruction of the guaranteed after premium paying term or during the payout period, the candidate gets the aggregate guaranteed sum alongside different advantages.
• Income Tax Benefits: Tax deduction under Section 80(C) is available every year and tax exemption under Section 10(10D) is available on the maturity proceeds, subjected to the terms and conditions.
• Offers vested reversionary bonus along with terminal bonus, if any, at the time of maturity.
• Provides death benefits as well as maturity benefits.
• Provides the benefit of tax exemption.