When arrive at y'all actually require a unmarried premium policy?
There are a lot of life insurance agencies that render a unmarried insurance policy. Influenza A virus subtype H5N1 lot of us prefer making an investment when nosotros come upwards across a large amount of money. This could come upwards inwards the cast of a yearly bonus, an investment payout, or fifty-fifty a identify unit of measurement inheritance. Influenza A virus subtype H5N1 large amount of coin comes equally a expert investment chance together with a unmarried insurance innovation is a expert road to take. This tin too live used for availing taxation benefits when y'all file your taxes towards the halt of the financial year. You are entitled to an exemption of upwards to Rs.1.5 lakhs.
Also, the primary arrive at goodness of a unmarried insurance innovation is that y'all arrive at non cause got to always worry almost your policy getting lapsed. As a large unmarried amount has been paid equally a premium for the policy, the innovation volition non require additional payments to live made towards the premium. As this is the case, y'all volition non cause got to always worry almost the policy lapses due to a missed payment apart from other reasons.
Let us forthwith cause got a expect at the transcend five unmarried insurance plans that are offered inwards India:
- LIC’s Jeevan Vriddhi: The Jeevan Vriddhi plan offered past times LIC is a premium endowment innovation that offers gamble comprehend which is a multiple of the premium that is chosen past times you. This plans offers a release of benefits amongst Loyalty Addition together with Guaranteed Maturity Sum beingness the most evident ones.
| Time Period | 10 years |
| Entry Age Minimum-Maximum | 8-50 years |
| Sum Assured (Minimum) | Rs.1,50,000 |
| Sum Assured (Maximum) | Nil |
| Minimum Premium available | Rs.30,000 |
- Aegon Religare iMaximize Single-Premium Insurance Plan: Reap investment benefits past times making a one-time payment for this plan. Aegon Religare iMaximize unmarried insurance plan provides iii dissimilar choices of investment funds that assist inwards maximizing your funds. There are no allotment charges together with thence at that spot are to a greater extent than funds that are made available for dissimilar investment purposes. You tin lead to pick upwards this investment innovation when choosing a life insurance policy equally this innovation doubles equally an insurance policy.
| Time Period | 5 or 10 years | |
| Entry Age Minimum-Maximum | 8-60 years | |
| Maturity Age Minimum-Maximum | 18-65 years | |
| | Entry Age | Term of the Policy |
| Available Policy Term | Equal or earlier 50 years | 10 years |
| | Post 50 years | 5 years |
| | Lesser than 45 years | More than or equal to 45 years |
| Minimum Sum that is assured | 125% of the unmarried premium | 110% of the unmarried premium |
| Minimum Premium | Rs.1,00,000 | |
- ICICI Prudential iAssure Single-Premium Insurance Plan: This is a unmarried premium endowment plan. This innovation is all almost tradition together with does non cause got whatsoever bonus facilities. This innovation is similar to the other plans that are mentioned here. You are required to build a one-time lump amount payment that would allow the policy to maintain for the entire tenure of the policy. A Guaranteed Maturity Benefit is provided to the policyholder at the halt of the tenure together with if the policyholder survives for the tenure of the policy. However, if the policyholder meets amongst an early on together with unforeseen death, so the nominee of the policyholder volition larn the higher value betwixt Guaranteed Maturity Benefit together with Sum Assured.
| Duration | 5 or 10 years | |
| | Duration inwards years | Age inwards years |
| Minimum Age | 5 | 13 |
| | 10 | 8 |
| Maximum entry age | 70 years | |
| Minimum entry age | 18 years | |
| | Duration inwards years | Age inwards years |
| Age at maturity | 5 | 75 |
| | 10 | 80 |
| Minimum amount that is Assured | 125% of unmarried premium | |
| | Age at entry | Sum that is assured |
| Maximum amount that is assured | Up to 55 years | 500% |
| | 56-70 years | 125% |
| Minimum Premiums | Rs.20,000 | |
- Max New York SMART Steps Single-Premium Insurance Plan: This is an endowment plan that is aimed at making the lives of children a lot better. It is mainly aimed at planning together with providing for the financial needs of children.
| Life insured | Parent | |
| Age of the insured | 21-50 years | |
| Age of the child | 91 days-15 years | |
| Maximum Maturity (Life insured) | 60 years | |
| | Minimum | Maximum |
| The term of the policy | 10 years | 25 years |
| | Band 1 | Band 2 |
| Premium Bands | Rs.50,000-Rs.2,99,999 | Rs.3 lakhs together with above |
| The amount that is assured | 5 times the Single Premium | |
| Minimum Premium | Rs.50,000 | |
| Charges for allocation | Depends on the premium build that is chosen | |
- HDFC Life Single Premium Pension Super: This is a ULIP policy that generates corpus over the term of the policy which would create a post-retirement income.
| Time period | 10 years | |
| Entry Age (Minimum) | 40 years | |
| Entry Age (Maximum) | 75 years | |
| | Minimum | Maximum |
| Maturity Age | 18 years | 65 years |
| Maturity Benefits | 101% of unmarried premium made | |
Keep inwards heed that apart from financial stability, a unmarried premium innovation too offers taxation benefits together with is exclusively available inwards the get-go year. You too ensure that y'all are making occupation of whatsoever lump amount of coin that is lying some without simply letting it rot inwards your piggy bank. The release of dissimilar unmarried insurance plans offered past times insurance agencies is never lacking. You tin too watch a policy aggregator website like bankbazaar.com to compare together with depository financial establishment check dissimilar policies together with lead i that matches your needs together with requirements perfectly.
