Death Benefit (as per plan option)
- Life Cover: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee.
- Accident Plus: In case of the unfortunate event of death of the Life Insured due to an accident an additional amount equal to the Sum Assured will be paid to the nominee along with the sum assured.
- Disability Plus: In case of the unfortunate death of the Life Insured, the sum assured will be paid to the nominee. In case the life insured suffers from accidental total and permanent disability, the sum assured under the policy will be paid to the life assured and the policy will terminate.
This being a term plan, no benefits are payable on maturity.
On High Sum Assured: Sum Assured of Rs. 1 crore and above is eligible for a discount
For women: For policies purchased by women, the premium would be set back by 3 years
You can avail tax benefit on the premium paid subject to current applicable provisions of Section 80C of income Tax Act, 1961.#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.
Smart Suraksha provides you life insurance cover at a low cost. Please refer to the following table to get a quick and easy idea of the annual premium payable under this plan for each of the options
(the premiums are for a healthy male life and exclusive of Goods and Services Tax & Applicable cess (es)/levy, if any:
Premium rates for tobacco users will vary. Under this Plan, women enjoy better rates as compared to men of the same age. Women will get a 3 year age setback in premium rates as compared to the men. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode. For a personalized quote please refer to the premium calculator.
Maximum Maturity Age
5 yrs* /10 yrs/ 15 yrs/ 20 yrs/ 25 yrs/ 30 yrs or coverage up to Age 60*
Premium Payment Term
Regular premium payment (Same as Policy Term)*Policy terms available to fixed age groups, please refer to the sales brochure for details.
Minimum Sum Assured
₹ 20,00,000 & above (subject to underwriting)
Maximum Sum Assured
In Life Cover option: No limit
Under Accident Plus: ₹ 3 Cr
Under Disability Plus: ₹ 1 Cr
Minimum Premium: It will depend on minimum entry age and minimum sum assured.
Maximum Premium: No Limit