Flexi Saver Plus
What is Flexi Saver Plus
This product is fashioned to help you save for any event in the future.
Flexi Saver Plus
Maturity benefits
The policy will pay a defined percentage sum assured on maturity to the life assured as below.
Full / Partial Maturity% | Terms (Years) | |||
Year | 12 | 16 | 20 | 24 |
Year 4 | 25% | 25% | 25% | 25% |
Year 8 | 25% | 25% | 25% | 25% |
Year 12 | 150% | 25% | 25% | 25% |
Year 16 | - | 125% | 25% | 25% |
Year 20 | - | - | 100% | 25% |
Year 24 | - | - | - | 75% |
Total payment | 200% | 200% | 200% | 225% |
Death Benefit :
On death of the life assured caused by an accident or natural causes, 100% of the sum assured irrespective of partial benefits is paid out to the nominated beneficiaries.
Compulsory benefits (riders)
- Double accident benefit : In the event the life assured dies or is permanently disabled due to an accident, a lumpsum equivalent to the sum assured will be paid out.
- Critical illness benefit : If the life assured is diagnosed for the first time with any of the listed critical or terminal illnesses, the insured will be paid half the amount of the sum assured.
- Waiver of premium of 100% on PTD & CI : The company takes up 100% of the premiums if the life assured is permanently and totally disabled due to an accident, natural causes and on first time critical illness diagnosis.