Enhanced Death Benefit
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The death benefit is enhanced for all customers, including existing customers of Secure Smart Plan and Smart Sanchay Plan. What's more is that for this enhancement, you continue to pay the same premium as before i.e. Premium doesn't change. Thus, you enjoy full tax benefits on the premium that you pay (u/s 80C) and the maturity benefit that you will receive (u/s 10(10D)) under both the plans.
In Secure Smart Plan, the Death benefit has been enhanced to Higher of (SA or 10 times Annualised Premium (before taxes))+Accrued Sum Assured Additions.
In Smart Sanchay Plan, the Death benefit has been enhanced to 10 times Annual Premium
*Tax benefits mentioned above are as per prevailing tax laws and are subject to change from time to time. For more details, please contact your Tax Consultant.
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