As the provider for your family, you work hard to cater to their every need, wouldn't you want to provide for them even in difficult times-even if you are not around?
With our eSmart Term Plan, you can just do that! Your family has a safety net and will never be financially challenged. All this at a very low cost and within a few minutes!
|Entry age (Life Assured)||18 years||70 years|
|Policy Term*||5 years||40 years*
(provided you are 75 years or younger at the end of the term)
|Premium Payment Term||This plan offers only annual premium payment mode. You will have to pay this premium throughout the policy term chosen by you|
|Sum Assured||` 25,00,000||No maximum limit,
subject to underwriting
*Policy Term should be in multiple of 5 years (5/10/15/20/25/30/35/40)
In the unfortunate event of death of Life Insured during the term of policy, the nominee shall receive the following benefits.
|Option||Benefits Paid to Nominee|
|B||Sum Assured PLUS Accidental Death Benefit (ADB)#|
If something were to happen to you, you would want your family to access the claim amount in the easiest way possible. That is why we created the unique Family Assistance Promise.
When your family files a claim, we will assign a personal case manager. The case manager will be a one-point contact for your family, assisting them though the claims process and minimizing their inconvenience.
Your family can also reach out to us through the internet.
Your family can file a claim at the click of a button and we will contact them within 2 working days.Claims can also be filed through email, our toll-free number, a letter or through any of our branches.
This is pure protection plan hence there is no maturity benefit under this plan
Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.
**Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor. To avail tax benefits, Sum Assured should be minimum of 10* Annual Premium
eSmart Term Plan comes to you at a low cost. The table below provides Annual Premium (exclusive of service tax and cesses, as applicable) for various combinations of age and term for a non-tobacco user, healthy male:
|Option||Life Cover||Annual Premium (`)|
|A||Sum Assured of ` 1 crore||Term - 20 yer||6,172||6,385||8,401||12,105||18,120||28,092|
|Term - 25 yer||6,172||7,314||10,126||14,873||22,685||36,167|
|B||Sum Assured of ` 1 crore + ADB Sum Assured of ` 1 crore||Term - 20 yer||11,160||11,273||13,204||16,917||22,936||32,906|
|Term - 25 yer||11,160||12,117||14,940||19,691||27,501||40,981|
Premium rates for tobacco users will vary. Under this Plan, female lives enjoy better rates as compared to males of same age. Female lives will get a 3 year age setback in premium rates as compared to the male lives. Your actual premium will depend on company's assessment of risks on your health, lifestyle, occupation, etc. Please refer to our website to calculate your premium. A discount of ` 0.47 per 1000 Sum Assured will be offered for Sum Assured in excess of ` 1 crore wherever ADB has been opted for.
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